What do I have to do to change Brokers, in NJ?
I signed up with a company 3 weeks ago as a real estate agent. I found out that the company really isn’t how they made it seem. I was given some printed business cards and left to fend for myself. I decided that when I finally get my permanent license I may switch brokers.
What do I have to do for the following to switch brokers:
1. License-
2. Realtor Association-
3. Trend
4. E & O Insurance
Your new broker should notify and help change most’ve this. Your license will stay the same, and you should be in the same association in the same area, but you will probably have to notify both of your change in firm/broker in charge. The same goes for Trend [that's the MLS, right?], and your E&O insurance company. Some brokers/companies will cover your E&O insurance as part of the “desk fee”, so you may be able to drop that, and in our area [NC], the broker-in-charge at the new office is the one who makes most of these notifications.
Toms River Real Estate Trend O’ the Week! July 27, 2010
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