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Non-Compete Complications

Increasingly, real estate executives are faced with signing a non-compete agreement when they join a new employer.

The original idea behind non-competes made a lot of business sense. Companies do not want to share “trade secrets” with an employee, only to have that employee take those confidences to a competitor.

However, the terms of those agreements have increasingly been broadened, and their scope has also been expanded to cover lower-level employees who are not familiar with the agreements that are often buried in a stack of employment forms.

The fact of the matter is that employers should be required to fully disclose the terms of a non-compete agreement in plain English to avoid an unsuspecting employee from a deal that they didn’t bargain for.

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The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

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