Off With The ‘Handcuffs’: How A Noncompete Ban Could Change CRE

The Federal Trade Commission last week announced its decision to ban noncompete clauses, establishing a timeline for phasing out the agreements this fall, after about a year of deliberation. The clauses prevent workers from jumping ship to rival firms, and their elimination ushers in a potential sea change in human relations departments at commercial real estate firms across the country. 

There aren’t any CRE-specific numbers on the prevalence of these agreements, but anyone close to the industry knows they are widespread. According to stats from the Economic Innovation Group, a public policy organization, 32 million Americans, or 1 in 5 workers, are covered by such agreements...

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RSK: THis will change things a bit...but here in Wisconsin, a non-compete was good for only 1 year in the first place.