B
BP711
Guest
I'm currently a new real estate agent in North Carolina and have encountered my first employment contract. Everything looks ok except the non-compete clause. It states...Salesperson acknowledges that Broker specializes in property in certain market segments and specifically agrees not to compete with Broker in the areas listed below for a period of one year after termination. This clause shall survive termination. Areas covered by this clause include greater (will exclude 3 city names). Additonally Salesperson, upon termination, agrees not to initiate any contact with any of Brokers clients or customers regardless of their location for a period of one year. Should a client or customer initiate contact with Salesperson, Salesperon shall refer the client or customer to the Broker.
I understand the Broker's intent to protect himself, but is this a normal clause? I'm afraid of being so new to the business I might lock myself out of locations. Please any advice would help. Thank you.
I understand the Broker's intent to protect himself, but is this a normal clause? I'm afraid of being so new to the business I might lock myself out of locations. Please any advice would help. Thank you.