Simple - Checklist

4 SIMPLE Steps to Move to TowerPoint Realty

Making a switch to a new Broker is not always an easy decision, but the process doesn’t have to be that difficult if you know what you are doing. 

The 4 SIMPLE Steps are:


1.     Moving sponsorship at TREC -  Here is how to request sponsorship of TowerPoint Realty on TREC’s website - there is a $20 fee to transfer online.

Go to TREC - https://www.trec.texas.gov/ - you must log into your account in the upper right hand corner.

  • Choose from the drop down to Manage My Sponsorship (Sales) - Click Select

  • Next you will see Intro info.  Select Next

  • The next screen is your sponsorship screen - select “Request Sponsorship” in the lower left corner

  • In the “Request Sponsorship” pop up window Step 1 - License Type - Real Estate Company & Search by License # - 9006735 - click Search

  • Select Our Broker License # 9006735 - Paul Samuel, LLC

  • Select Request

  • Let us know you have completed this step - We do NOT consistently receive notification!


 

Once we receive your request it will be accepted. - PLEASE Let Us Know the request was sent.

 

2.      Letting your current Broker know that you are leaving per your contractor agreement with them.

  • Review your ICA and Rules and Policies before scheduling an exit meeting with the Operations Manager.  Know what they may hold you to before going in and being surprised.

  • Schedule a quick meeting with the Operations Manager to visit about the transition.  Write a short note explaining your appreciation of all they have done but the need for a SIMPLE change.

  • Bring the completed MLS required forms with you to the meeting for the Operations Manager to sign.  Leave it with them if they ask you to.

  • Bring a list of all your Listings with you.  Request the listings to be immediately released.  Simply hand write “Previous Broker’s Name” agrees to release the listed properties to my new Broker at TowerPoint Realty. "

    If they do not agree, do not be offended, but ask “why and how will they be handled?”  If this is not how it is described in the ICA or Rules and Policies, ask why they are not following the stated policy.  If it is within the policy, you already knew that might be their response.

 

3.      Contacting the local board and association of Realtors.

  • Complete the MLS Transfer form - Here is a link to where the form can be found: Transfer Form (location: www.bcsrealtor.com -> For REALTORS -> Member Forms & Resources).

  • Have a list of your listings with transfer permission from your previous Broker ready.  The MLS folks may still send an email to the previous broker for verification but you already know what the broker should do and have it in writing.

  • Pay the transfer fee of $100

 

4.      Sign with TowerPoint Realty!.

  • Most agents have already met with and signed the ICA and new Rules and Policies before meeting with the previous broker.  If you have not signed with TPR, do so quickly because it is not uncommon for the previous broker to terminate sponsorship immediately.

  • Welcome to TowerPoint Realty!

 

Other things to consider BEFORE you move:

 

  • Database - if your database of clients and prospects is on your current broker’s system, be sure to export it before thinking about doing anything else.  Please honor your agreement regarding ownership of prospects and clients.

  • Email address - do you use the broker provided email address?  When you leave you will not be allowed to take that email address with you.  In fact the broker controlled email address will be the first thing the previous broker will turn off and redirect all incoming email to the broker or manager.  Be prepared and move to an email address you control before you discuss with your broker.

  • Signs - have a property sign solution in place before moving.  We have a TPR logo you can use to create the sign of your choice with your personal / direct number on it.  We also have a couple of loaner signs but they have the main office number on them.

  • Lockboxes - purchase enough lockboxes for your business at the MLS office.

  • Bio - if your only bio/resume’ is loaded onto your current broker’s website - copy it before leaving

  • Pictures - do you have a current Headshot or other pictures for your marketing?  You will need them immediately upon leaving/arriving.

 

Leaving Your Current Brokerage

 

First, you don’t have to close all your deals before making a move to a new Broker.  This is the most asked question I get from agents that are looking to make a switch in Brokerages.  Most Brokers are great people and understand that your circumstances and life changes.  It is not uncommon for agents to move to other firms at some point in their real estate careers.  Most Brokers will allow you to finish you under contract deals with them when you leave, just as you were an agent with their firm.

 

Your active listings may be transferred to your new Broker if they are not under contract and with your Broker’s permission. This process is done with a form from your local MLS board that must be signed by the Broker releasing the listing and the new Broker accepting the listing.

 

Most Brokerages will require some sort of process by which to notify them of your leaving. Once you have interviewed and decided on your new Brokerage, send your old Broker notice as they require you to.  At the very least, an email should be sent to let them know you are leaving and on what date. Keep in mind that your email and contacts are often the property of the Broker, so be sure to have backed up your information prior to giving your notice.  Some Brokers may cut off your email immediately!


Requesting Sponsorship from Your New Broker


You will need to request sponsorship from your new Broker on the Texas Real Estate Commission’s website.  If you have not registered with (TREC) online, I suggest you create an account at your earliest convenience. This will greatly assist you with your license for renewals and updating your contact information easily in addition to allowing you to request and terminate your Broker sponsorships.


Once you have created a login on TREC’s website, you may request sponsorship from your new Broker.  If it is a corporate Brokerage you will request sponsorship from the corporation or LLC and not the Broker of record.  For example, we operate under Paul Samuel LLC, although I am the Broker I have no licensees under my personal Broker’s license, only under the entities I sponsor.  Your request for sponsorship from your new Broker will not be complete until you have made payment to TREC. You can do this at the end of the process, but before you log out. Once your new Broker accepts your license, you will be official!


If you absolutely refuse, don’t like or just don’t want to use the online portal to make the request for sponsorship, you may use the paper form to transfer your license as well.  This can be found under “change” forms on TREC’s website here. This form will need to be signed by the new Broker and mailed to or dropped by TREC’s main office in Austin. The cost for mailing in the form is $40.00 whereas the online method is only $20.61.


Update Your Brokerage Information with the Association of Realtors


Our firm currently holds memberships in two different Associations/Boards of Realtors - Bryan/College Station and Houston.  Each one of these differs in cost and internal processes. You will need to contact your local Association/Board to make the switch to your new Brokerage.  The Bryan-College Station MLS requires a form (on their website) and $100 to transfer from one Broker to another.


Sign an Agreement with Your New Broker.


Each Broker has their own set of documents to sign.  We use the Texas Association of Realtors forms.  Things you may want to pay particular attention to are the fee schedule or split agreement, the duration of the agreement, and what happens to your deals and prospects when you decide to leave.  We do not hold claim your prospects.


I hope this helps make things a bit clearer and less scary for making a change in Brokers.  Switching Brokerage firms in our industry is not uncommon, that is until you find a firm like TowerPoint Realty.  Doing your own due diligence, if you compare what we offer our agents to what you’re getting from your current brokerage you’ll be left scratching your head. Come over and retire with us!

 

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TowerPoint Realty | 979-846-1995 | Contact Us
1700 George Bush Dr E Suite 250 - College Station, TX 77840
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