bankruptcy real estate sales
Protection as Sales Agent from Real Estate Broker Bankruptcy in Florida?
The Real Estate Broker Firm I work for is in very bad financial situation. I do have pending commissions from closings that will take place by late this year. What can I do to improve my chances to collect in case the company owners decide to close the company and stop paying all of their debts? Can they legally stop paying that type of debts to their Realtors-Sales Agents? Thank you!
The bankruptcy does not change the contract you signed with the broker. Maybe ask the title company to cut two commission checks – one to you and one to your broker as long as Florida law allows for such an arrangement.
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