Question Details

William Suar…, Real Estate Pro in Corona, CA

what happens to my client if i transfer brokers.?

Asked by William Suarez, Corona, CA Sun Feb 22, 2009

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6
A Good Broker to Agent relationship should begin with a contract that everyone understands and agrees with to avoid this type of behavior. I have worked before with a Broker that gave a strong handshake but when it came to move on, the Broker's handshake turned into a hammer. He kept all of my sales I had on the board. However, because he did not know about the clients I was working with, those stayed with me. In the end, I lost over $28k in commissions and learned a valuable lesson. Again, a contract should avoid all of this. Without one you could be walking away from all of your sales on the board, current listings and buyers should you decide to leave. Also, most Brokers do not ask for a weekly report showing all of the buyers and sellers you picked up including their name & numbers as they should so they do know who you are working with and where you business is coming from. I only use this info for data. It helps me with advertising.

So I have been on both sides of the fence. This is why I will not work for another Broker or hire an Agent without a contract. It keeps things simple without any misunderstandings. I want all parties to part feeling they were treated fairly in the split.
1 vote Thank Flag Link Mon Feb 23, 2009
Hi William, if you are asking about what will happen to a client you have a listing with then you will need to ask your broker if the client can be released from their listing contract thru the brokerage and then they can move with you to your new brokerage. Most brokers are pretty good about obliging. If you are talking about buyers, well if you are not already in contract with a buyer on a property and you are just showing them properties etc and they haven't signed any agreement with the brokerage then you should be able to take them with you without any further documentation. If they have signed a buyer/broker agreement then they will need to disolve that agreement.

Hope this helps

Lynn Bowen
Sebastopol CA
1 vote Thank Flag Link Sun Feb 22, 2009
How would you answer that if you were the Broker, Everything you do belongs to the Broker you are working for

SO if you transfer then you will need to start looking for new CLIENTS
0 votes Thank Flag Link Mon Feb 23, 2009
If you are listing agent requires your broker transfer listing to your new broker.

If you are buyers agent former broker should release the client IF YOU have an executed sales agreement you former broker would be paid and you receive % per your agent contract with former broker.


Dallas Real Estate Agent, Mortgage Loan Officer, Credit repair consultant
– Lynn A. Crosby
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sun Feb 22, 2009
It depends on your contract you have signed with your Broker. You did sign an independant Contractor Agreement, right? If you did not sign one then you should be OK unless these leads originated through the Broker. If they did you should talk to your Broker about it. I believe to treat everyone the way they would want to be treated. I work with a WIN/WIN system and believe you should too.
0 votes Thank Flag Link Sun Feb 22, 2009
your broker has to release that client to you before you can continue with the client at your new firm. Most brokers have no problem with this as long as your client agrees to it. Check with your broker about their in house procedure - they may have you ask the client to sign an authorization to be transferred.
0 votes Thank Flag Link Sun Feb 22, 2009
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