Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

Account Closed
  • Lender
  • New York, NY
14
Votes |
133
Posts

Broker Not Paying Commission

Account Closed
  • Lender
  • New York, NY
Posted

Due to a mistake that I made on paperwork [minor paperwork]...my brokerage decided to let me go and now my license is with the state [NY] until I find another broker or start my own...

I had 2 deals going prior to leaving broker...1 deal has been closed since 4weeks and 1 closes this week...I asked for the commission check via Email with cc'd attorney. Broker has not responded..

? - Can he keep the check(s) and not pay me at all?

? - Can he stop me from becoming an agent with another broker/starting my own?

Most Popular Reply

User Stats

28,057
Posts
41,065
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,065
Votes |
28,057
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

The broker cannot stop you from being hired by another brokerage.

as for the commission, that depends on your agreement with the broker or your state regulations. In my office, you would still earn a portion of the commission for the work done by you while you were still under the brokerage. it would not be a full commission because you did not see it through to completion, but it would be split based on the amount of work you did versus the amount of work the replacement agent did.

If you feel a commission was earned but the broker refuses to compensate you, I recommend you contact the state board and file a complaint. They will typically contact the broker first to see if they can negotiate a settlement before launching a full scale investigation.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
165 Reviews

Loading replies...