When someone works on commission, if the other party fails to hold up their end of the deal, there are often large sums of money on the line. Most often, the individuals who find themselves in this type of bind are real estate agents.
A restaurant in North Carolina became a cautionary tale this week when the U.S. Department of Labor cracked down on their policies regarding start times for employees. The restaurant was required to pay over $53,000 in back pay to their tipped employees, who were not allowed to clock in until the first customer of the day walked through the door. An investigation by the Department of Labor’s Wage and Hour division found unrecorded work time that violated minimum wage laws, as well as a practice of paying cooks flat salaries – which violated overtime laws.
Lower interest rates this spring have many people thinking about buying a new home – or refinancing their current mortgage. When rates dropped at the end of March, many people rushed to refinance while rates were so low. But before you hurry to refinance, stop to consider the pros and cons.
With median home prices between $380,000 and $515,000, home sellers in Suffolk and Nassau Counties have seen the benefits of rising home prices over the last few years. But, it seems the market is headed toward a plateau that will eventually lead to a drop in prices.