Are you wondering how difficult it is to change real estate brokerages?
It isn’t difficult at all. Just follow the steps outlined below. If you are organized and schedule things appropriately, you will have virtually no down time in the Northwest MLS system or with the Department of Licensing. We can help you organize the process and can provide some tips for making it go faster.
Step 1: Make a plan for dealing with current listings and transactions.
Please keep in mind that any current listing contracts or buyer-agency agreements are actually between the client and your current brokerage. We can’t, and don’t, encourage you to ask your clients to cancel their contracts with your current brokerage. Talk to your clients about your plans so they know where you are going and what their options are. If you have transactions in progress, you need to make sure that they get completed successfully, either by you or by another broker at your current company. The best course of action is to talk to your current managing broker about how they want to handle the transactions and also about how you will get paid if the transaction is expected to close after you leave the company. This is the most challenging part of the process because it may mean some uncomfortable conversations between your current managing broker and you. Don’t forget to address any bills you owe at your current office like desk fees, transaction fees, etc. Just keep things calm and professional at all times. Focus on the desires and needs of the clients and remember that you may be working with people from your old brokerage in the future.
Step 2: Separate from your current firm with the state.
You no longer need to have your current broker signoff on your license. Simply go to the state website and create the request.
Watch the following video for an overview
Save a copy of the confirmation and send it to us.
Step 3: Tell your broker and tell us
Your broker and our office will notify the MLS. You should also get form 131 completed by your current office.
Step 4: Update your Matrix Header and Email signature
Once the move is confirmed, update your contact info and email signature in Matrix. You do this using steps described I the Updating Matrix Settings user guide available on the NWMLS website.
Step 5: Inform your past and future clients
Let your clients know you are ready for business in your new office. The most important thing you can do is take care of your clients. If you have listings that are coming over from your old brokerage, be sure to get the contracts and forms signed and listing into the MLS system. Update your email signature, business cards, and yard signs ASAP. We have generic office signs you can use while waiting for your new or updated ones. Our office can help you with business card, sign, and other marketing material designs if you would like. We even have tips for cost-effective ways to update your a-boards. We’ll also work with you to send out a postcard mailing to select market areas and your previous client to let them know about the change in company. Ultimately though, its up to you to keep your clients informed of the change.
Step 6: Connect to the Tellus Realty website and office backend
As soon as the licensing paperwork is complete, we’ll start getting you set up in our systems. It will take a day or two, because we have a lot to offer. You’ll get access to our internal company website, email, phones, and software. Most importantly, we’ll connect you to our various lead generation and management systems.
Welcome to Tellus Realty!
We are excited you are considering joining our company. We feel our brokerage has a great deal for our agents and hope you feel the same way. Contact us today if you have any questions or comments.