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Can I take my buyers with me when I switch brokers?

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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.

Categories: Legal
Tags: buyer representation, buyer's representation agreement, representation agreement, representation, legal, legal faq, buyers

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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