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Our brokerage allows us to take our clients with us if we leave.
Stevens Point, WI
I have had this experience more than once and everyone follows me. Our relationships always transend the broker.
I just tell them "guess what!" I just got an offer too good to refuse from broker xyz WE are moving over there on______________.
My brokerage allows us to take them with us.
Close as much business as possible and make the switch. Inform your clients of the change.
Good morning Andrea. If someone was to leave my company, I would allow them to finish each transaction or I would finish it and still pay them every if they didn't do all the work.
I would have to really plan to leave my current company, because I don't own the listings--they do.
I own my company so that isn't going to happen. However, I am phasing out of buyers and sellers and concentrating on new construction. I am referring my clients to my agents to work.
It would be much like I prepare for going on vacation. I have everything in order so someone else can step in seamlessly.
My exit strategy is to sell my company so it continues for the clients.
An exit strategy for me involves extensive pre-planning. I've only left one brokerage when I had an active listing, it was released and transferred to the new brokerage with no issues.
All our clients have followed us with no hesitation on their parts. They just cancelled the listings and resigned with us. When our former broker tried to keep a particular prestigious listing with one of the wealthiest family, he told her, "I never change my horses when they are doing a superb job!" We were fortunate. He was an attorney and super influential, not someone to mess with as were the majority of our clients.
Our former broker was a smart woman, and she knew it was time to start our own company.