Trending
The thorny realm of non-competes
Industry execs are watching the latest cases, but have yet to get answers on whether contracts are ironclad
From the November issue: How ironclad are non-compete agreements?
That question — which has been bandied about in the residential brokerage world for the past several years — has once again been thrust into the spotlight because of a pair of high-profile cases. But so far
these cases have shed little light on the issue and left brokerage heads, sales managers and agents at a loss for how to proceed when it comes to these landmine-filled contracts.
After Wendy Maitland left her job as president of sales at Town Residential in the spring, she got into an ugly legal battle with her former employer over her non-compete. But while the two parties took the case to court, they ultimately hammered out a confidential settlement that locked out prying public eyes. [more]