142k views
3 votes
In the event a salesperson or associate broker wants to change employment to a new broker, what documentation is required?

User Mflodin
by
8.4k points

1 Answer

3 votes

Final answer:

A salesperson or associate broker changing employment to a new broker must provide a notice of termination, complete a change of employer form with the real estate commission, and may need a new contract with the new broker.

Step-by-step explanation:

When a salesperson or an associate broker decides to change employment to a new broker, there are several pieces of documentation that are typically required. First, they need to provide a formal notice of termination to their current broker to end their existing employment agreement.

Secondly, they must complete any necessary paperwork to update their licensing information with the state's real estate commission, which often includes a change of employer form. This form usually requires both the salesperson's signature and that of the new employing broker.

Additional documentation may include a new contract or agreement outlining the terms of employment with the new broker and any necessary disclosures to clients about the change.

User Giulio Franco
by
7.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.