What is true when a broker notifies their Broker Company of a move to another firm?

When a broker notifies their Broker Company of a move to another firm, it is typically true that the broker must return all listings unless otherwise agreed. This principle is grounded in the standard practices of real estate brokerage, where listings are often tied to the firm rather than the individual broker.

When a broker leaves a company, the listings they have secured are generally considered the property of the brokerage. This means that unless there is a specific agreement that stipulates otherwise—such as a contractual arrangement that allows a broker to retain ownership of certain listings—the expectation is that the broker will return all listings to the firm. This helps maintain the integrity of the brokerage’s business and ensures that clients remain protected under the brokerage’s authority and policies.

The practices around this can vary depending on the terms of the listing agreements and local regulations, but it is common for brokerages to have policies in place that require brokers to return listings when they transition to other firms. This safeguards the interests of the clients and the firm and helps maintain organized and ethical business practices within the real estate industry.