For the 200-person boutique firm CORE Real Estate, losing 35 agents to Compass last year was a body blow. As it hemorrhaged agents, CORE updated its agent policy manual — reflecting the new steps it would take to prevent agents from leaving and taking their listings with them. In addition to rolling back commission splits to 40 percent (an industry standard) on all pending deals for agents who announce that they’re leaving, the manual now […]
source https://therealdeal.com/2019/05/01/strings-attached-how-resi-firms-claw-back-commissions-to-fend-off-poaching/
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