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19 May, 10:41

A directive to all real estate brokers and real estate salespersons to refrain from soliciting listings for the sale of residential property within a designated geographic area is known as

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  1. 19 May, 12:51
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    A directive to all real estate brokers and real estate salespersons to refrain from soliciting listings for the sale of residential property within a designated geographic area is known as non-solicitation order.

    Explanation:

    A non-solicitation contract is a common contractual clause that says you will not ask for business customers, take employees over, or use confidential information related to your current tasks if you work for a competitor.

    A non-solicitation contract is a specific contractual clause specifying that if you work for a company you will not request business customers, take over staff or make use of confidential information about your current job.

    For example, imagine that you are a leading salesman for a copper wire company. You speak to copper wire customers all over the world because of your work. One day you get a better job and you accept a particular copper wire retailer. You can not go to the copper wire retailer to ask them to change vendors because you have switched employers because your contract of employment with your first job has a no question arrangement. The same goes for yourself if you go business.
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