Changed Real Estate Companies/Brokers-Brutal Process

By
Real Estate Broker/Owner with Fierce Realty Corp RM424134

I recently changed companies. I made an educated business decision and decided to transition from a traditional company and relocate my real estate business  to an independent franchise. My ultimate goal is to become a Broker and hang my own shingle-but baby steps for now! However, the process was brutal. I was unable to get paid on transactions, unable to retain my listings, and my reputation and character was smeared and questioned-unethically.  However, if I had the opportunity to re-think my decision and do it again-Yes I would absolutely do it again. My advice to those of you thinking of moving to a different real estate company for whatever reason-be prepared. Here are some tips.

1. Download your CRM files if you are using the company software.

2. Change your email address from the company email address. Once you leave the company your email address will be shutdown

3. Change your email address on your online transaction accounts such as zipforms and docusign. If you are using the company account for zipforms and docusign your account will be locked.  I advise that you open a personal account and not used the company transaction account any longer. If you are a Realtor, zipforms and Docusign are free with membership.

4. Remove any personal items and a copy of your license from your office before giving notice. Once you give notice you will no longer be allowed back in the office.

5. Notify your clients and give them the contact information on who will help them when you leave. Give them the reason why you are leaving. They will feel let down and abandoned but if you explain your reason, it will lessen the blow.

6. Notify your Broker and schedule an exit interview. This may be difficult because your broker may take your resigning personal and begin to either offer you reasons to stay or begin the assassination of your character. Either way you must notify the company that you are leaving.

7. Notify your co agents that you work with and give them the reasons why you are leaving. After you leave, the company may give them another reason why you decided to move on. It is best you tell them yourself.

8. Return any signs and property that belong to the company.

9. Change your voice-mail, email signature, print ads, and social media accounts.

10. Notify your real estate commission.

11. Brace yourself for a rocky ride of emotions and extreme frustration when making a business decision that will benefit you financially but ultimately hurt the company you are leaving. It will be a brutal roller-coaster ride but in the end-if you are making a good decision for yourself-very much worth it.

Comments (4)

James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Deborah.

Except for two agents, all who have left are welcomed back.  You take your listings with you and any contact information etc., at least that's how it works in my agency

Apr 15, 2018 04:13 AM
Deborah Ann Spence

You are the best, however most large real estate firms make it impossible to leave and forget about a welcome back if it doesn't work out at your new firm. 

Apr 15, 2018 11:33 AM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

There is a civil way to leave your brokerage!!!

Notify your co agents that you work with and give them the reasons why you are leaving. After you leave, the company may give them another reason why you decided to move on. It is best you tell them yourself.

Apr 15, 2018 04:33 AM
Deborah Ann Spence

Yes there is, but my departure was brutal and extremely sad. My next step is my own firm and I would never treat anyone so horrible when they decide to leave.

Apr 15, 2018 11:31 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Well losing the listings is normal.   The listings do belong to the Broker!  Period!

Sales should be paid to you but that depends on the contract with the

Broker you signed on with

Apr 15, 2018 12:31 PM

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