Can a real estate agent work for 2 brokerage firms?

Asked by Heather, 10025 Tue Feb 12, 2013

As a licensed real estate sales person in NY can you work for 2 different brokerage firms? I thought that would be impossible. If so how can 2 brokers hold your license?

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33
Elena Ravich,…, Agent, New York City, NY
Tue Feb 12, 2013
You can do it if both brokerage companies agree to that. Unless these companies cover completely different markets, it may become difficult to track clients and figure which firm is entitled to commission.
2 votes
Jim Glavin, Home Buyer, Malta, NY
Fri Mar 20, 2015
The horse is claiming he has beaten to death on this one.
1 vote
Jennifer Fiv…, Agent, Red Hook, NY
Sat Nov 22, 2014
I have seen it done. For example some agent work for one company in NYC and a totally different company Upstate NY, where they maintain a second home.
1 vote
mjoneal, Home Buyer, New York, NY
Wed Jul 9, 2014
Does someone have a link to the NY State DOS that explains in writing how 2 brokers can 'hold' one agents license?
1 vote
Thomas Moser, Agent, East Northport, NY
Wed Mar 5, 2014
Yes they can. Under DOS regulations an agent can work for two brokers as long as each consents to the arrangement.
1 vote
Nardeen Bill…, Agent, New York, NY
Tue Mar 4, 2014
Yes that is legal and okay.
1 vote
Ron Thomas, Agent, Fresno, CA
Fri Feb 15, 2013
I like to look at answers to some questions from across the Country:
This is a good example; we have N.Y., N.H. and Ca. to name a few.
We see that Lawyers are involved in N.Y., Vermont, Mass., R.I., Conn., Del., S.C. Ga., Alabama and parts of N.J. (?).
We that Non-Recourse States are Alaska, Az., Calif., Conn., Id., Minn., N.C., N.D., Ore., Tx., Utah and Wash.; but there as many exclusions and limitations that everyone needs to do their own research.

California has the most paperwork for a Sale, (probably) and we just added 4-5 new forms. And we don't even use Lawyers for deals!

Isn't this interesting?
1 vote
Donald Mituz…, Agent, Chappaqua, NY
Thu Feb 14, 2013
This is a common occurance in New York where someone might live in Manhattan and spend summers in the Hamptons or have a country home in Westchester/Putnam and still want to work over the summer. The firm I work for is the largest in New York and has around 4,000 agents and 70 offices from the Hamptons to Manhattan and up north into Westchester. I happen to have a license in two different offices. One license is in Katonah where I do my Westchester business and one is in Somers where I work out of for Putnam and Dutchess. In my case it is with one company, but it is perfectly legal to hang a license in two different firms as long as they are both aware and approve.

Donald A Mituzas
Licensed Associate Broker
2008 Realtor of the Year
Director - Hudson Gateway Association of Realtors
Douglas Elliman Real Estate

http://www.nyhomeseller.com
1 vote
John Souerbry, Agent, Fairfield, CA
Wed Feb 13, 2013
Your point of "hold your license" is an important fact. I realize your question pertains to New York, but California is very similar in that an agent with a Salesperson license is required to surrender their physical license to their employing broker during the term of their contract. The license is returned when the contract is ended. Therefore, it would seem impossible for a Salesperson to work for more than one employing broker.
In California an agent holding a Broker license is not required to surrender their license and may work for as many brokers as they choose, but I've never seen an agent contract that doesn't restrict a Broker or Salesperson from working with other brokers.
1 vote
I've know this. However, can a broker-associate also run his own broker company? In other words, work under another broker while separately maintaining his own real estate brokerage. Perhaps in a branch of business the other broker does not engage in... say property management, etc.
Flag Earlier today
copied from above :" This is a common occurance in New York where someone might live in Manhattan and spend summers in the Hamptons or have a country home in Westchester/Putnam and still want to work over the summer. The firm I work for is the largest in New York and has around 4,000 agents and 70 offices from the Hamptons to Manhattan and up north into Westchester. I happen to have a license in two different offices. One license is in Katonah where I do my Westchester business and one is in Somers where I work out of for Putnam and Dutchess. In my case it is with one company, but it is perfectly legal to hang a license in two different firms as long as they are both aware and approve..." Maybe that's why we're called the "Empire State"? what is California called?
Flag Sat Mar 11, 2017
Jeanne Feeni…, Agent, Basking Ridge, NJ
Tue Feb 12, 2013
What do you know - never heard of such a thing - unless over state lines. What a thought, don't think I could handle two brokers, and I'm pretty sure they couldn't handle me either ;-)
1 vote
Got that right Jeanne!
Flag Tue Feb 12, 2013
Phyllis Igno…, Agent, Manalapan, NJ
Tue Mar 28, 2017
I understand I can hold a Florida real estate license and a New Jersey Real Estate License. Can I work in Florida six (6) months of the year and in New Jersey six (6) months of the year?
0 votes
Yes. Florida and NJ and very different since both license have been obtained independently. NJ does not have reciprocity with any other state (I believe). So, you can work with a FL brokerage in the winter and your NJ brokerage in the summer. I have a licenses in MA, RI and FL and they overlap depending on the time of year.
Flag Mon Jul 24, 2017
Christopher…, Agent, Ithaca, NY
Thu Feb 9, 2017
Second question... Can you be the principle broker in two different brokerages in NY state?
0 votes
Igor K, Home Buyer, New York, NY
Sun Feb 5, 2017
It's certainly possible though both brokerages will have to be okay with it. I've seen an agent licensed with two brokerages where there was a signed agreement that one brokerage would cover all of her deals in REBNY territory (NYC) and the other brokerage would cover all of her deals in LIBOR (Long Island MLS) territory.

It just has to be agreed upon, not optimal but possible.

Was tough in this particular case because the NYC brokerage Mont Sky Real Estate is known for giving out sales leads. Tougher to do so when the agent is licensed at two brokerages...risk!
0 votes
Edin Shaba, Agent, New York, NY
Thu Jul 16, 2015
Yes in NY State it is possible, it's called Dual Licensure. You must need to obtain a statement from each sponsoring broker acknowledging each Licensure.
0 votes
Lawrence Cit…, Agent, Westhampton Beach, NY
Thu Mar 12, 2015
Completely permitted and compliant with DOS regulations. An agent can work for two brokers as long as each consents to the arrangement. That doesn't mean it is easy...
0 votes
Matthew Spie…, Agent, New York, NY
Sat Oct 25, 2014
This is an interesting discussion, I am an associate broker working for a boutique agency in Manhattan doing mostly commercial leasing and some residential.

I have a colleague that wants to me to start another brokerage to focus on "off market" commercial sales mostly. He wants to have his own autonomy an wants to use a new name for this new venture/brokerage and not the name of the company I work for. He is a salesperson but not a broker yet.

So assuming my managing broker agrees to it, (we can work out some sort of referral fee or such)
would it be legal for me to work at one brokerage and yet start another one under a different name,
Thoughts?
0 votes
Daria Kolomi…, Agent, Brooklyn, NY
Wed Jul 23, 2014
If you work for example in NYC, you can work in 2 different brokerage firms, BUT if they know about that and they agree.
0 votes
Josh Barnett, Agent, Carney, OK
Wed Jul 9, 2014
Different States and two different licenses?
0 votes
Endre Barath, Agent, Beverly Hills, CA
Thu Mar 6, 2014
This is fascinating, I had no idea that in New York City you can work for two brokers at the same time. I could understand if the agent had two licenses from a two different states that would make sense but in the same City & State clearly sounds like a conflict of interest, hence I am really surprised at the answer.

Endre Barath, Jr.
Berkshire Hathaway
Beverly Hills, CA
homes@endrebarath.com
310.486.1002(m)
Web Reference:  http://www.endrebarath.com
0 votes
I was informed in NYS real estate school that if you work in Residential at one and in Commercial at the other it's not a conflict of interest. Sometimes its to have more access to exclusives and benefits both. At least in New York City
Flag Thu Feb 4, 2016
New York City is a big market. Manhattan is a lot different comparing to the outer boroughs. I'm a licensed associate broker for 12 years and currently with two brokerage firms. One in Bayside, Queens and the other one in Manhattan. It is completely legit as long as both firms agree to the arrangements.
Flag Sun Jan 4, 2015
Thomas Moser, Agent, East Northport, NY
Wed Mar 5, 2014
Yes they can. Under DOS regulations an agent can work for two brokers as long as each consents to the arrangement.
0 votes
In MA, you many not work for 2 brokers at the same time.
Love to understand how the two brokers' E&O would work when the agent is names in a lawsuit.
Flag Tue May 20, 2014
David, Home Seller, White Plains, NY
Wed Mar 5, 2014
Why do people keep answering a question that has already been answered thoroughly? Is it for self promotion or to get the coveted (?) VIP badge?
0 votes
maybe they just use google search and end up here, like me. also, still looking for an answer to the actual question as it does not pertain to NY specifically
Flag Sun Jun 7, 2015
Probably both. LOL
Flag Fri Mar 7, 2014
Nobody Zero, Agent, New York City, NY
Tue Mar 4, 2014
Yes, I have a colleague who works with a broker in NY and NJ.
There is another agent I know who is sponsored by 2 brokers for his NYC and Long Island RE business.
0 votes
Jennifer Fiv…, Agent, Red Hook, NY
Mon Oct 7, 2013
I would say yes. I know of several examples of agents doing it. Some agent from NYC with a home Upstate do work for two different brokerage.
0 votes
Judi Monday,…, Agent, Green Valley, AZ
Sat Feb 16, 2013
While it may vary by state--I know in AZ you can only hang your license at one brokerage--best bet is to check with your State's Department of Real Estate.
0 votes
Donald Mituz…, Agent, Chappaqua, NY
Fri Feb 15, 2013
I think the big question is: why do people keep chiming in when the answer had been given clearly by earlier responses? Do those answering not bother to read what has been posted before them or are the like a puppy jumping in their water dish and just can't wait to answer? Perhaps they are just to get some stupid VIP badge.
0 votes
Fern Hamberg…, Agent, New York, NY
Fri Feb 15, 2013
Hello Heather,

Of course, you can work for more than 1 brokergae firm as long as each firm is totally aware
of the other and the managing director of your office agrees to it.

Best of Luck

Fern Hamberger
Vice President Asso Broker
The Corcoran Group
fhamberger@corcoran.com
0 votes
Joseph Runfo…, Agent, Staten Island, NY
Fri Feb 15, 2013
YES. In New York, associate brokers may also hold a broker's license in their own name. When a broker or associate broker holds more than one license, this is commonly called dual licensure.
0 votes
Does the second license have to be disclosed , if in your name, not with another office? Also , can you do business under your brokers license ?
Flag Wed Jan 14, 2015
Martina Ryan, Agent, Flushing, NY
Thu Feb 14, 2013
Yes if both offices agree to the arrangement.
0 votes
Scott Godzyk, Agent, Manchester, NH
Tue Feb 12, 2013
I have never heard of working for 2 companies within the same state. I have heard of say Nh and Florida but not 2 companies in the same state. Call your states real estate commission and ask.
0 votes
I'm with you Scott - can't imagine....
Flag Tue Feb 12, 2013
Michael Rich…, Agent, NY,
Tue Feb 12, 2013
Hi Heather,

Yes, if both brokers agree in writing.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Suite 1501
New York, NY 10123
212-757-8268 x220
917-991-2528
mrichman@kianrealtynyc.com
http://www.kianrealtynyc.com
0 votes
Christopher…, Agent, Tarrytown, NY
Tue Feb 12, 2013
Hi, Yes you can. Each broker must be made aware and agree to it. I currently work in Westchester County but live in NYC and considered doing this.

Chris
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue Feb 12, 2013
If all parties are in agreement, yes.
0 votes
Tammy Benkwi…, Agent, Somers, NY
Tue Feb 12, 2013
It is possible to hold a dual license, assuming both brokers agree which is rare.
0 votes
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