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Updated about 9 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Jamaal Thomas
  • Real Estate Agent
  • Cherry Hill, NJ
2
Votes |
13
Posts

process of transferring to another broker?

Jamaal Thomas
  • Real Estate Agent
  • Cherry Hill, NJ
Posted

Does anyone know the process of transferring to another broker? Will there be a delay? Can the old broker slow the process up in anyway?

Most Popular Reply

User Stats

30
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24
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Joe DiGirolamo
  • Margate City, NJ
24
Votes |
30
Posts
Joe DiGirolamo
  • Margate City, NJ
Replied

@Jamaal Thomas - I would be mindful of your current listings and their expiration dates if you plan on changing brokers. The listings you have belong to the broker and not you. If the broker wants to be nice they can release the seller from the contract. Then you can relist with your new broker. Your current broker has the right to keep those listings and continue to market them. The only way you can really fight back is to have your seller's be uncooperative. That may be difficult though, as it hinders them from their goal of selling the property.

I have seen savvy agents strategically plan their exit. They figure out when the bulk of their listings expire. That is the time they will chose to make their move. Any new listings that are signed will have expiration dates close to when they plan to leave. Then they leave and not too long after the listings begin to expire. As they expire they will relist. 

Just a tip. Make copies of your listing contracts for reference and copy any important files because they to are the property of the brokerage.

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