Start with what needs to change
Write down what you want your next brokerage to make possible. That could be more accessible broker guidance, a stronger office community, practical training, support with administration or better use of your technology.
Ask for examples. Who would help you with a contract question? What training runs regularly? What support is available to independent agents? How would someone help you get set up? Those answers let you compare the everyday experience.
Review the arrangement you have now
Read your current agreement and the relevant brokerage policies before choosing a move date. Check notice requirements, outstanding amounts, pending commission arrangements, any restrictions that affect your move and the process for handling current business.
Get advice on any terms you do not understand. The arrangements can differ between brokerages and between agents.
Plan for active listings and transactions
In BC, listing agreements are with the brokerage. Moving your licence does not automatically move your listings or pending transactions. The agreements, brokerage policies and any necessary arrangements with the brokerages and clients need to be addressed.
Discuss each active file with the appropriate managing brokers so responsibilities, client service and commission arrangements are clear. Avoid promising a client that a listing can move before the required arrangements are in place.
Coordinate your licence transfer
BCFSA provides the process for transferring your licence through its IRIS portal. Your intended managing broker reviews and approves the application before BCFSA completes its review. Follow the current instructions and wait for confirmation of your new licensing status before providing services through the new brokerage.
Read BCFSA’s current licence transfer instructions.
Prepare your systems and marketing
Review your website, CRM, contact records, email, active marketing and any subscriptions connected to the current brokerage. Confirm what you are entitled to transfer and how to handle personal information appropriately.
Prepare the updates to your brokerage identification, profiles, signage and other materials for the change. A written checklist helps you see what needs attention and who is responsible for it.
Find out what support looks like after the move
Ask your prospective brokerage to explain how you will get oriented, access the tools and staff, and start participating in training. You should have a clear picture of the people you can turn to and how the available support fits your business.
At REMAX Generation, we will start with your priorities and walk through the practical details with you.
Your questions about making a move
Can I talk to you while I am still with another brokerage?
Yes. You can have a confidential conversation with us while you are considering your options. You do not need to have decided to move.
Can I bring my existing listings?
That depends on the relevant agreements and the arrangements made with the brokerages and clients. A licence transfer alone does not transfer a listing.
Do I need to move my technology too?
Some accounts may be personal to you and others may be tied to your brokerage. We can help you work through what you use, what can continue and what needs to change.
Sources for this guide
BCFSA — Transferring a Licence
BCREA — Breaking Up is Hard to Do: What Happens When a Licensee Leaves a Brokerage?