When brokers decide to change real estate agencies, they must plan ahead and follow each step to ensure that their clients are not left on their own at any time. In particular, clients must be informed of the situation and the choices they will have to make.
Wherever possible, the termination of the broker’s activities should be synchronized with the end of the current transactions. It is preferable, for example, to wait until the terms of the current transactions have been completed.
In the event that files are not finalized before the broker’s license is suspended or revoked, these files must be handled by a licensee with a valid license.
The broker must inform the agency head as soon as possible of his or her decision and agree with the agency head on the terms and conditions of the departure.