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Corcoran Group toughens clawbacks for departing agents

Stung by agent losses, the Corcoran Group has tightened its clawback policy for agents who leave the firm. Earlier this month, the Realogy-owned firm sent letters to at least a half-dozen agents in Brooklyn, demanding reimbursement of certain commission and marketing dollars. “We understand that you may have overlooked your obligation during your transition period, but payment must now be made,” read one such letter reviewed by The Real Deal. The letter threatens legal action […]

source https://therealdeal.com/2019/04/25/corcoran-toughens-clawbacks-for-departing-agents/

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