I Want to Leave My Brokerage as a Real Estate Agent – Not Sure What to Do Next?

If you're a real estate agent contemplating leaving your brokerage, this article provides guidance on what steps to take next to ensure a successful transition in the US market.

Introduction

Are you feeling stuck at your current brokerage and have a strong desire to explore new opportunities as a real estate agent? Making a change in one's career can be daunting, but it can also be a chance for growth and greater success. This article aims to provide you with a clear path forward when you're uncertain about leaving your current brokerage. So, if you're thinking, "I want to leave my brokerage as a real estate agent, but I'm not sure what to do next," let's dive in!

Reflect on Your Reasons for Leaving

Before making any decisions, take some time to reflect on why you want to leave your current brokerage. Understanding your motivations is essential in finding the right path forward. Ask yourself questions such as:

Are you seeking better commission structures or more competitive compensation?
Do you feel limited in terms of personal and professional growth opportunities?
Are you not aligned with the brokerage's culture or values?
Are you looking for a different market

How to Break Up with a Realtor

1 Walk away if there's no contract.
2 Expect to pay if you're selling.
3 Look for a cancellation clause in the agreement.
4 Ask your agent to cancel the exclusivity agreement.
5 Apologize for taking their time.
6 Be honest, but professional.
7 Get it in writing that you're parting ways.

Table of Contents

What do you say to your broker you are leaving?

Tell the Broker It is a Business Decision. When you inform your broker you are leaving the firm, make sure they know your decision to change companies is based on what will be best for your business. More than likely, they will take your decision personally.

How to write a resignation letter for a real estate brokerage?

What to include in a real estate agent resignation letter

A professional salutation.
A formal statement of resignation from the organization.
The date of your last day of employment.
A statement of gratitude.
Next steps and other important information.
A professional valediction.
Your signature.

How do you announce a brokerage change?

Send them an email like the following: “Hi, XX, I want you to be the first to know that I'm changing agencies. I will now operate as part of XYZ Real Estate — an agency well known for its customer service, local knowledge, and dedication to its clients.

Can I cancel my broker?

A buyer or lessor can also sometimes wish to terminate a brokerage contract. This is possible in certain situations, including by invoking the right of withdrawal allowed under the Real Estate Brokerage Act (hereafter “the Act”) or pursuant to a provision included in the brokerage contract.

How do you announce joining a new broker?

Try something like: “Hi, XX, This time, I'm the one making the move! I'm proud to announce I've joined the XYZ Real Estate team, and I hope you'll join me next time you need to buy or sell a home.

Here are my highlights from William Zeckendorf's autobiography, a master class on dealmaking:

1. Break into real estate through brokerage — it requires little cash and speeds up the learning curve. Start with an obsession and one building.

2. Become a master of momentum. Spur… pic.twitter.com/av4Gj2TWYl
— Justin Ryder, CCIM (@jt_ryder) October 6, 2023

How do you announce a new real estate agent?

Announce Your Status Make sure to announce the accomplishment to everyone. Contact family, friends, and neighbors to tell them you are a new real estate agent looking to help people buy, sell, and rent properties. Get formal announcements printed to send to former business associates and local companies.

Frequently Asked Questions

How do you end a relationship with a broker?

You can do this in person, by phone, or by email, depending on your preference and the nature of the relationship. You should explain your reasons for ending the contract, thank the broker for their services, and request a confirmation of the termination.

How do I transfer brokerage?

All brokerage account transfers start and end with your new firm. Customers initiate the transfer process by completing a Transfer Instruction Form (TIF) and sending it to the new firm. Most account transfer delays occur because the TIF is either incorrect or incomplete.

How do I change my brokerage as a real estate agent in Florida?

For Florida licensees, transferring your real estate license to another broker involves filling form RE 11 and mailing it to the Department of Business and Professional Regulation. Your new employing broker will need to sign your form.

FAQ

Changing real estate firms when you have an active listing: May 5, 2023 — This can easily be done by filling out a simple form and submitting it to your new brokerage. Once you notify your old brokerage that you are
How do I write a letter of resignation for real estate?: Dear [Supervisor's name], I'm writing this letter to notify you of my formal resignation from my position as a real estate agent with [organization's name]. My last day of employment will be [your final day of work], which is [number] weeks from today.