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Updated over 4 years ago,
Should I pay ALL DEALS in pipeline to outgoing Acquisitions Mgr?
I worked as an acquisitions manager for a big real estate wholesaler. We did 10-20 deals every single month, like clockwork. Profits were $10k-$20k per deal. I was responsible for at least half of those deals.
I had to work for minimal wage ($7.25/hr) for 4 months when I first started work so that I could feed my pipeline. While I waited for a nice filled pipeline to pay off I just continued my work. I later learned that, upon my leaving the company, I lose all deals still in the pipeline that are already in escrow, but are just waiting for escrow to close.
Is this a common practice? Is it fair in the eyes of other wholesalers? What are your thoughts?
Thanks for all feedback.