Can I take my buyers with me when I switch brokers?
10/05/2016 | Author: TAR Legal Staff
I'm changing brokers and I have several buyer clients who've signed buyer-representation agreements. Can I take these buyers with me to my new broker?
No. A buyer-representation agreement is a contract between a buyer and a broker, not a sales agent. As such, your buyers would still be represented by your previous broker. However, your buyers could discuss termination of the buyer-representation agreements with your previous broker. Remember, however, to use caution in these situations to avoid engaging in any practice or taking any action inconsistent with exclusive representation or exclusive brokerage relationship agreements.
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