realestate

Mentorship Program Introduced by Side with Revenue Share Component

Brokerage platform seeks dismissal of copycat commission lawsuit, arguing lack of proof on conspiracy claims.

S
ide, a brokerage platform, has been busy with new initiatives while seeking dismissal of a copycat commissions lawsuit. The company is launching PartnerUp Revenue share, a program that rewards existing partners who refer and mentor agents to start their own companies on the Side platform. Referring agents will receive a portion of revenue collected from the new company in perpetuity, as long as they meet Side's production requirements.

    Side has also announced a referral platform featuring off-market and coming soon listings, and a marketplace of verified tools and services. CEO Guy Gal said PartnerUp reflects the company's commitment to top-producing agents and teams, formalizing and supporting their mentorship efforts.

    In court, Side has asked a judge to dismiss the QJ Team "copy-and-paste" commissions case in Texas, arguing that the complaint fails to show any agreement with others about agent compensation. The filing points out that the complaint refers to but does not quote the Mandatory Offer of Compensation Rule, which allegedly requires sellers to offer buyer agent compensation but doesn't mandate a specific commission.

    As part of its restructuring efforts, Side will be laying off an undisclosed number of employees related to its new initiatives.

Business leaders gather in conference room, introducing mentorship program with revenue share component.