A Note From The Legal Helpdesk: When a Salesperson Changes Companies – Things to Consider
As you know, Alabama law requires real estate salespersons to be licensed under a qualifying broker. This means that most real estate companies have one or more salespersons, with each salesperson operating under a qualifying broker. At times, salespersons change companies and qualifying brokers. Below are some issues to consider before and after a salesperson transfers, including policies to adopt, records to maintain and a word of warning on breaking existing agency agreements for personal gain.