Good solid producing agents rarely change companies, if they do it is to move up to one of the major full service firms.
Best of luck,
Fisrt, I will also refute Mr. Callaghan as the listing belongs to the brokerage office and NOT the listing agent. The listing agent is a sub-agent of their principal broker. It is the Broker who has the listing. End of story.
Moving on, it is possible that the Principal Broker would relinquish the listing. This makes it easy for you to re-sign with this Broker if you so choose, or you can seek out another to represent your property. You would need an unconditional withdrawal from the current brokerage in order to re-sign. My thought is, even if there is some level of shenanigans and you wind up being listed by two agencies, the brunt of any problems would be on this broker as you did what you did in good faith.
If you want extra clarification, call the office manager and speak to them directly about this situation. Good luck.
Although all the answers are correct below.... it is your Sales Agent, whether a broker or sales agent who needs to have an arrangement with his brokerage company/office/manager, in other words when the Realtor while working and having a contract him or herself with that brokerage company no. 1 leaves that brokerage to go to another brokerage, as correctly stated the listings belong to the brokerage office not the agent, there needs to be a clear arrangement between your agent and his/her original brokerage whether that 1st brokerage will release the listings, cancel them in the multiple listing service, so that you can then re-list with your Realtor's new brokerage office....
I have done so many times, sometimes the Manager of the brokerage will release the listings without conditions, and sometimes with some conditions, which do not influence you, once your Realtor has cut his or her ties with the first office and your listing has been released, then you can stay with your trusted Realtor, and need to then sign a new listing agreement with your Realtor and his/her new brokerage office....
I want to assume that because she told you that she can bring her contract with her, she has come to an agreement with the first office.... But you need to double check that your listing agreement with the first brokerage is canceled in the listing service and has been released, before signing a new one. You may have to cancel the initial listing agreement... so double check and make sure....
Edith YourChicagoConnection & Realtor4Life!
A couple of points:
1. The listing belongs to the Listing Broker
2. Some brokers will give their sellers an "undonditional release" which allow the seller to hire a new agent immediately and not owe the previous broker a fee.
3. Other brokers may give a "conditional release" where the property has been withdrawn from the Multiple Listings, but a fee would be owed to the original broker if you were to sell before the end of the original contract.
4. And some brokers will wish to continue marketing your home to find you the best price possible.
Best advice is to speak directly with your listing broker to understand your options.
Keller Williams Realty
Unwavering Commitment to Service
Best of luck to you!
It is possible, but you should speak to her supervisor at the old agency to make sure. In general, the listings stay with the Broker when an agent leaves, unless there is an agreement in place allowing the agent to take the listing with him/her.
Please let me know if you have any other questions.
WEICHERT, REALTORS - House & Home
(718) 432-5000 (Office)
(917) 974-2600 (Cell)
You might want to check with her old broker to see if they are releasing the contract....do not get caught up in the middle.