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How To Transfer A Real Estate License To Another Broker?

How To Transfer A Real Estate License To Another Broker?
by Tamara Rein - December 5, 2021,

As a real estate agent, you are supervised by a broker, who is required by state law to have physical authority over your real estate license. When you decide to switch brokers, your license will need to be transferred from your old broker to your new broker. This transfer is always made possible by your state's licensing control office. 

Notify your supervising broker in writing of your intention to change brokers.

Check with your supervising broker to ensure that he has formally resigned supervision of you and has submitted your real estate license to the appropriate state licensing control organization. When you learn that your license has been revoked, immediately cease all real estate transactions.

Transfer your local Multiple Listing Service (MLS) listings to your current broker. Make sure she's informed the MLS of your leaving.

Confirm that your new broker has made a formal request for your real estate license to the relevant state license control organization.

Verify that your new broker has received your license and that it is prominently posted in the office.

When transferring your real estate license to a new broker in a different state, you must first meet the standards of that state's real estate licensing before engaging in any real estate transactions. If you transfer to a state that grants license reciprocity to agents from your previous state, you will be allowed to practice real estate for a short period of time while you complete your licensure requirements.

A real estate license can be a great investment in your future. If you are considering applying for a new state’s licensing requirements, make sure to do some research on the laws and regulations before you complete the application process. Explore all of your options before making an important decision that could affect your career or business goals. You might find that there is reciprocity between two states with similar licensing requirements, which means you won't have to retake any pre-licensing courses from scratch if you're already licensed in one US state.

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Author

  • Tamara has worked with multiple start-ups as well as e-commerce websites, focusing mainly on welcoming and helping nurture new businesses in the market.

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