When changing employing brokers, what typically happens to active listings associated with the previous brokerage?

When changing employing brokers, what typically happens to active listings associated with the previous brokerage?

• A. Ace can agree to sell the listings to Tip Top
• B. Ace has the option to let you take the listings if you agree to give them their commission split
• C. The listings remain at Ace
• D. You can take them with you to Tip Top

Answer: (C)

When a real estate agent changes brokers, the typical outcome for active listings associated with the previous brokerage is that the listings remain with the previous brokerage. This is because listings are legally owned by the brokerage rather than the individual agent. Therefore, when an agent leaves a brokerage, any active listings they were handling stay with that brokerage until they are sold or the brokerage decides to release them. This practice ensures that the brokerage retains control over its assets, which in this case are the active listings. The agent may be able to negotiate terms with the new brokerage regarding future transactions or referrals, but the existing listings are not transferable to the new brokerage without specific agreement, typically involving a release or negotiation of some form of remuneration for the previous brokerage's commission.

When a real estate agent changes brokers, the typical outcome for active listings associated with the previous brokerage is that the listings remain with the previous brokerage. This is because listings are legally owned by the brokerage rather than the individual agent. Therefore, when an agent leaves a brokerage, any active listings they were handling stay with that brokerage until they are sold or the brokerage decides to release them.

This practice ensures that the brokerage retains control over its assets, which in this case are the active listings. The agent may be able to negotiate terms with the new brokerage regarding future transactions or referrals, but the existing listings are not transferable to the new brokerage without specific agreement, typically involving a release or negotiation of some form of remuneration for the previous brokerage's commission.