I made the mistake of joining one of those "fly by night" companies that got blessed by a misterious force with REO accounts and made them feel like it was due to their smarts; after almost a decade of working for Prudential, a fine and reputable Company.
This experience, while it lasted was not really good, but not bad either, it lasted around 15 months. I would notice that the offices were empty and there was low production, poor management amongst other things, but I kept doing my job and concentrating on my deals. The company started running out of money, poor management and a lack of managerial experience. In the end, the broker emailed us the notice that the office would be closing within 15 days and that there would be no private offices at the small office that he held unto....meaning....look for another place.
I am fortunate to have a broker's license and in the middle of this uncomfortable situation, I started working under my broker's license and obtained an offer for one of my listings held under this "company".
To make the story short, when the transaction was completed, I had to cooperate with buyer $5,000 to close the transaction (damned short sales).
When escrow disbursed the checks, this tiny crook, simply applied his split to the whole transaction (buyer and seller side) and unilaterally took it from the listing check. And then decided to screen my calls and completelly avoid responding to emails, text messages, voice mail, where I tried to instill some sense into him.
Finally, I am proceeding to file a complaint with the CA Department of Real Estate and taking him to Small Claims. What bugs me the most, is how a dumb idiot like this is still going to cost me time, money and effort to pursue what is mine
The moral of the story......specially in this trying times, stick with a big and reputable company, tiny ones will only increase your stress. Our job is to complicated to also have to worry about the stupid broker knowing how to do his job.