1 00:00:00.000 --> 00:00:02.730 Johny Fernandez: What happens and what can you do if you have 2 00:00:02.760 --> 00:00:04.110 an unpaid commission? 3 00:00:06.510 --> 00:00:09.750 Sean Murray: This is a really, this is a good question. All 4 00:00:09.750 --> 00:00:14.250 right, so I see this question on on DailyFunder a lot. What 5 00:00:14.250 --> 00:00:17.460 happens if you're presumably the broker. What happens if you're a 6 00:00:17.460 --> 00:00:23.610 broker, and you got a deal funded, and the lender or funder 7 00:00:23.670 --> 00:00:27.870 didn't pay the commission, what can you do? I think a lot of 8 00:00:27.870 --> 00:00:32.130 people's first instinct is to, I guess, go on a forum and 9 00:00:32.130 --> 00:00:34.830 complain about it. But ultimately, at the end of the 10 00:00:34.830 --> 00:00:38.850 day, it's gonna come down to whatever your contract says. And 11 00:00:39.240 --> 00:00:42.630 you really have to ask yourself, one are you first entitled to 12 00:00:42.630 --> 00:00:45.810 the commission? I know you can feel entitled. Yeah. But are you 13 00:00:45.810 --> 00:00:49.260 actually entitled to it? What does your contract actually say? 14 00:00:50.040 --> 00:00:52.320 That's gonna play a very big role, in like, what happens 15 00:00:52.320 --> 00:00:56.160 next. Yeah. The next thing is, how big is this commission, 16 00:00:56.910 --> 00:01:01.980 because if it's very tiny, let's say it's a couple 100 bucks, you 17 00:01:01.980 --> 00:01:05.100 know, the, the recourse you're gonna have is very little, it's 18 00:01:05.100 --> 00:01:09.330 too little to sue over, just the retaining in a lawyer is gonna 19 00:01:09.330 --> 00:01:11.820 cost more than a couple 100 bucks. So you're not gonna be 20 00:01:11.820 --> 00:01:14.190 able to pursue someone legally, if they didn't pay you a few 21 00:01:14.220 --> 00:01:17.400 $100. Unless you wanna take them to small claims court, which I 22 00:01:17.400 --> 00:01:19.950 suppose you could do, you could take someone to small claims 23 00:01:19.950 --> 00:01:22.950 court, if you're entitled to a few 100 bucks, or I guess even 24 00:01:22.980 --> 00:01:28.410 even a little bit more than that. But besides, besides that, 25 00:01:28.410 --> 00:01:31.260 besides any type of legal recourse, you know, there's, 26 00:01:31.290 --> 00:01:33.570 there's really nothing there, it's very important and people 27 00:01:33.570 --> 00:01:38.850 say it all the time is to, is to rely on the relationships you 28 00:01:38.850 --> 00:01:42.120 form with people in the business itself, so that you're not in a 29 00:01:42.120 --> 00:01:45.840 position where after the fact you're like, so and so didn't 30 00:01:45.840 --> 00:01:49.560 pay me. And all I can do now is just complain about it on a 31 00:01:49.560 --> 00:01:53.640 forum, and then you start asking about who they are and if anyone 32 00:01:53.640 --> 00:01:55.710 else had the same experience, you should have already done 33 00:01:55.710 --> 00:01:58.380 that beforehand, figured out who they were and if anyone had a 34 00:01:58.380 --> 00:02:00.900 poor experience beforehand, you don't want to end up in that 35 00:02:00.900 --> 00:02:03.060 situation before. So if you're a broker and you didn't get paid a 36 00:02:03.060 --> 00:02:07.800 commission. Your your only your only option is if the amount is 37 00:02:07.800 --> 00:02:10.680 large enough, you can sue, if it's very small, I suppose you 38 00:02:10.680 --> 00:02:13.410 could go to small claims court. And then the other option is 39 00:02:13.410 --> 00:02:15.570 take it as a lesson learned. Never work with that company 40 00:02:15.570 --> 00:02:17.130 again and move on and work with somebody else.