New Orleans, LA (PRWEB) January 18, 2013
The American Arbitration Association set a precedent in establishing that a real estate broker must pay commissions due to an agent for work completed, even though an agent leaves the brokerage firm. The American Arbitration Association has ruled in favor of Louisiana Commercial Realty, LLC in a complaint brought against New Orleans’ REMAX Commercial Brokers. Louisiana Commercial Realty, LLC was awarded past due commissions (Case #69115E0009912) which REMAX Commercial Brokers, Inc. failed to pay according to a written agreement between the two firms.
According to filed documents, Louisiana Commercial Realty, LLC brought the complaint against REMAX Commercial Brokers, Inc. due to the real estate company’s illegal and unethical actions in withholding commissions from Louisiana Commercial Realty, LLC president Robert Hand. The unethical withholding of commissions owed pertained to transactions presented to the broker (REMAX Commercial Brokers, Inc.) and contractually due to be paid after the agent ceased work as an independent contractor with the broker. In rebuttal, REMAX Commercial Brokers filed a complaint stating that the agent, while working as an independent contractor, had failed to leave copies of the agent’s entire body of work, amounting to six drawers of information originated solely by the agent regarding commercial properties. The Louisiana Real Estate Commission found the claims by REMAX Commercial Brokers’ to be without merit, ruling in favor of Louisiana Commercial Realty, LLC.
The ultimate outcome of the arbitration case was a ruling that REMAX Commercial Brokers, Inc., who violated the written working agreement with the independent contractor, should pay the commissions due as well as administrative fees and expenses.
After the arbitration ruling in their favor, Louisiana Commercial Realty, LLC, released a statement saying, “Louisiana Commercial Realty stands for high ethical standards in the New Orleans’ commercial real estate industry and we will continue to fight to raise the level of conduct in our industry. We hope our efforts will cause the public to receive a better product delivered by all commercial real estate firms.”
Louisiana Commercial Realty, LLC, has a firmly established history of providing New Orleans commercial real estate buyers and sellers with the highest quality service combined with the advantages offered by the latest technology.
About Louisiana Commercial Realty, LLC:
Robert Hand, MBA, CCIM, SIOR, founded Louisiana Commercial Realty, LLC to provide a higher level of service to buyers and sellers of New Orleans’ commercial real estate. He is currently the only commercial real estate broker in Louisiana with the CCIM and SIOR designations and an MBA.
For more information about Louisiana Commercial Realty, LLC and the services the company offers clients, visit http://www.LouisianaCommercialRealty.com.