I am a real estate agent and I was given a sign on bonus for a four year commitment.

anonymous

April 5,2023 at 4:04PM UTC

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I am a real estate agent and I was given a sign on bonus for a four year commitment. Each year the clawback is reduced by 25% and I have been there for 14 months. Reason for leaving is they have totally downsized employees including eliminating a full time marketing person and having only one admin for two offices in two different towns, they also fired two managers and now have one manger for four different offices/towns and the final reason is because they are closing the office in the town I work in and giving up the presence on our main street. Do you feel I have a case as to not paying back the total sign on bonus based on all the parameters that have changed when signing the contract in 2022.

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Terrie McWhorterApril 5,2023 at 4:50PM UTC
I would seek out a lawyer for that advice! With all of the changes that they have made it has created a different atmosphere than they first projected to you when you were hired on. Look into it!
Ally MorganApril 6,2023 at 1:13PM UTC
I accepted a sign on bonus over a higher starting salary at a job, and I felt so dumb later on for doing so. I would never do it again. I was stuck for a year before I could get out of it without pay back, and I made it to 365 days exactly. On the last 2 days I had to use sick leave to get me through it. I would get dressed for the office and then would sit in the car physically and mentally unable to drive myself there. It was that torturous. These types of bonuses seem like shady trickery to me. Thanks for letting me rant. Good luck.