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 Zip Realty invasion

Created by:
Stacey Oftedal, Licensed Real Estate Agent,  CA

Date: October 8, 2007, Number of Replies: 1


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So when you 'grow out of' Zip , that client book you grew, those client relationships you developed, those relationships started, are not yours to take.

If you develop a relationship with these contacts, how does Zip Realty prevent people from following you? People change realtors all the time, do they have to sign something saying they will never deal with any other brokerage? If so, I want one of those forms.

Stacey Oftedal Realtor e-PPO
Notary Public Property Manager
707-337-8502 Fax:226-1142
Green Valley Associates
WineValleyLiving.Com (Under Construction)
Stacey@GreenValleyAssoc.com

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Steele Propp Licensed Real Estate Agent,  Bloomington,  MN

Date: October 9, 2007

If you develop a relationship with these contacts, how does Zip Realty prevent people from following you? People change realtors all the time, do they have to sign something saying they will never deal with any other brokerage? If so, I want one of those forms.

Stacey
 
It's called the employment contract (if an employee) and Independent Contractor Agreement otherwise.  I think you are taking the comments a little too broadly. 
 
This issue will deal with active clients for the most part.  Active listings and signed buyer agency agreements.  As long as they are current, they are the property of the brokerage/firm. 
 
Could you entice those people to follow you elsewhere?  Sure.  It's called solictitation.  It would be the same as you soliciting the listing of another firm.  An ethical and legal "no-no".
 
Around here what we see with brokerages that don't let these listings go with the agents is a sudden slowdown in activity by the normally busy agent.  They let their current stuff expire and have the new stuff signed up by someone at the new company (the latter is breaking the IC contract as well but harder to catch).
 
In fact, some of my fellow managers used to watch for this warning sign :>)
 
Personally I would let the listings go with the agent with this caveat...that any company dollars into that property be repaid (signs, ads, etc).  That would be only fair.
 
Just some thoughts.
 
Steele
 
Steele V. Propp, CRS, ABR
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