Tuesday 31 March 2020

Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed

Real estate brokers are generally in the eat-what-you-kill business, working as independent contractors whose main source of income is a commission check rather than a salary. In New York City alone, there are more than 50,000 licensed real estate brokers, a majority of whom get paid only when they close a deal. In past crises, those workers were usually left out of government bailouts designed to assist companies keeping employees on the payroll. Now, the



source https://therealdeal.com/2020/03/31/stimulus-gives-brokers-lifeline-but-may-not-be-enough-for-deluge-of-unemployed/

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