What is required if a licensee quits working with their current broker?

When a licensee decides to stop working with their current broker, it is imperative to maintain professional standards and follow the proper procedures set forth by real estate regulations. Notifying both brokers in writing is essential because it ensures that all parties are informed of the licensee's status and intentions. This step helps to formalize the termination of the relationship with the current broker and avoids any potential misunderstandings or legal issues.

Providing written notification serves multiple purposes: it protects the licensee's interests, helps the broker manage their business, especially in terms of client assignments and responsibilities, and upholds the integrity of the real estate profession. This communication also allows for a smoother transition if the licensee plans to work with another broker thereafter.

The requirement to notify is a foundational practice in real estate, reflecting a commitment to transparency and professionalism, which are critical in maintaining trust within the industry.