Question

Associate broker Madeline is unhappy with her present company and has decided to change her affiliation....

Associate broker Madeline is unhappy with her present company and has decided to change her affiliation. Before Madeline can start selling for her new company, what must happen?

The first broker must transfer Madeline’s license to the second broker.

The new broker must notify the Department of Madeline’s transfer accompanied by the proper form and fees.

Madeline must take her license to the new firm and notify the Department of her transfer within three days.

Madeline’s license accompanied by the fees and form signed by her new broker must be returned to the Department and her new license must be received by the new broker.
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Answer #1

The new broker must notify the department of Madeline’s transfer accompanied by the proper form and fees.

When a real estate agent wants to change the broker, he/she needs to submit the existing license to the old broker. It becomes the responsibility of the old broker to send these to the department of real estate.

Then she will need to file for a new form “Real estate license transfer form”, get it signed by the new broker and send it to the department.

These two steps need to be completed in order for Madeline to change her company.

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