Real Estate & Home

Washington just banned noncompete agreements. Will other states follow suit?

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Washington Governor Bob Ferguson signed a bill banning noncompete agreements statewide, effective June 30, 2027. This move impacts industries like technology and finance by potentially increasing employee mobility and wages, which could lead to higher borrowing costs but also spur innovation in the mortgage market. Other states may consider similar legislation as Washington joins a small group with full bans on noncompete agreements.

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