Transferring licenses and its effect on pending deals and listings
A recent Legal Hotline caller was concerned with what would happen to her pending listings and executed Agreements of Sale that had not yet settled when she transferred her license from Broker #1 to Broker #2. Can she take the listings with her to Broker #2? Is she entitled to a commission for those deals that settle after she leaves?
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If it quacks like an ad
While RELRA and the regulations of the State Real Estate Commission make no differentiation between electronic and non-electronic advertising, the Commission has adopted a somewhat more restrictive “Guideline” suggesting additional disclosures for online ads.
Read More Switching brokers and taking sellers
The salesperson seeking to move his license to a different broker “plans”. In the opinion of the broker, he “plots”. Either way, the move is timed to enable the salesperson to reap the reward of past effort, if not more. It can also be a time of accusation and recrimination. Out of this cauldron, come some difficult ethical dilemmas.
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