Home Selling in Columbus>Question Details

Homeseller12…, Home Seller in Columbus, OH

Our real estate agent is switching companies. He says that we can either stay with his current company or

Asked by Homeseller123456, Columbus, OH Mon Jun 1, 2009

switch our listing to his new company. Is this typical? He told us that we are his clients, so he can take our listing with him. What is the normal process when an agent switches companies?

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11
It is common for agents to switch brokerages. This happened to me long ago before I was a agent myself. There can be many factors in them switching. Brokers own the listing. It is their discretion to let the agent take their listings, alot of them do. Your old listing contract will be cancelled and a new one under the new brokerage will need signed.
1 vote Thank Flag Link Tue Feb 9, 2010
This is typical. If your agent switches companies, they will need the broker's permission to release the listings so that you can relist with that agent at their new brokerage.

If that brokerage refuses, you almost certainly can get the brokerage to release you upon request.
1 vote Thank Flag Link Fri Jan 1, 2010
Our company philosophy at Keller Williams is the listings stays w the agent, after all you probably chose the agent to sell your home and not the company. I believe the laws may vary from state to state. Call the Ohio dep of Commerce division of real estate and ask for your self (614) 466- 4100.

if your property is currently listed this is not a solitication
1 vote Thank Flag Link Thu Dec 31, 2009
As a broker I can tell you that the broker owns all the listings, and if the seller is allowed to leave the company and go with the agent is totally up to the Broker. The advice that TJ gave can cause the agent to get in trouble with the State, and can also put you in harms's way if the broker were to sue the agent. My advice is to talk with the broker, be honest, and voice your concerns. maybe the broker will handle you themselves and you might be able to continue without an interruption in your service. Bottom line is you want to sell your home, and if your current broker can still do it and you have no break in service, that might be okay for you. It might even be possible that the broker will offer you an incentive to stay with their company, you never know. But be honest and upfront with the broker, and that is the best advice.
1 vote Thank Flag Link Sun Jun 7, 2009
Most of the time the listings do stay with the broker when a Realtor switches brokerages. My broker here in Columbus allows the agents to take listings with them. Our company understands that sellers usually build a relationship with a Realtor and not a brokerage. The switch should remain seamless for sellers. You should talk with the broker directly to see what the agreement is for your Realtor with his/her brokerage. Most brokers want what is best for the clients as do the agents. An open conversation will get you the proper answer.
0 votes Thank Flag Link Mon Aug 27, 2012
We have a lease purchase agreement that has been in effect since 4/1/12. We are scheduled to close on the property on 10/1/13. Our buyers real estate agent switched companies. What does that do to our contract?
0 votes Thank Flag Link Fri Aug 24, 2012
The broker owns the listing. Not the agent. You can tyically terminate a listing agreement without an issue by delivering written notice to the agency. However, if the broker does not agree to release you from the agency agreement, you may have to seek legal counsel or continue with the company until the listing expires.

Best of luck with your situation.,
0 votes Thank Flag Link Thu Jun 4, 2009
HS12 -

Todd is reight on the money. It is up to your agents borker if he can take your listing or not. Depending on the reasons the agent and broker are parting ways may have a lot to do with letting the listing go. And if you try the drop and relist, I would suggestyou read your listing contract very carfully.
Web Reference: http://www.jdavidryan.com
0 votes Thank Flag Link Mon Jun 1, 2009
He is a very experienced realtor, I just wanted to make sure it was ethical for him to take all his listings "with him". We just don't want to get caught in the middle. I'm sure he would like to take our listing. Is there a way for us to cancel the listing with his old company based on him leaving without signing with his new company?
0 votes Thank Flag Link Mon Jun 1, 2009
Homeseller 123456, In Ohio the Exclusive Listing Contract is between the Broker, company, and the Home Owner not the Agent and Home Owner. You will need to check with your agent to see what his agreement is with his Broker. Some companies have a policy they will release the listings to go with the agent to the new company some do not. If your agent switches companies and then contacts you this would be a violation of the Real Estate Code of Ethics.

Todd Orrill e-PRO
0 votes Thank Flag Link Mon Jun 1, 2009
He must not want the listing that bad? You withdraw current (there is a form)relist with new.So I dont understand the pause,is he new?.let me know #12

TJ
0 votes Thank Flag Link Mon Jun 1, 2009
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