If you’re a licensed real estate agent in Florida and wish to transfer to a new brokerage firm, you’ll need to follow a few steps to ensure a smooth transition. Transferring your real estate license to another broker in Florida requires following the regulations set by the Florida Department of Business and Professional Regulation (DBPR). In this article, we’ll guide you through the process of transferring your real estate license to a new broker in Florida.
The first step in transferring your real estate license to a new broker is to submit a request to the DBPR. You’ll need to fill out Form RE 11, the Transfer of License application, which is available on the DBPR’s website. Along with the completed form, you’ll need to provide a signed employment verification form from the new brokerage firm and pay the transfer fee.
Once you’ve submitted the transfer request, the DBPR will review your application and verify your eligibility to transfer your license. The process typically takes around five to ten business days. If the DBPR approves your application, they’ll issue you a new license with your new brokerage firm’s name.
After receiving your new license, you’ll need to return your old license to the DBPR within ten days. The old license must be returned to avoid potential legal issues or fines. Additionally, you’ll need to notify any of your clients that you’ve transferred to a new brokerage firm.
It’s worth noting that if you have any pending transactions, they’ll need to be completed before transferring your license. Any transactions that are pending after the transfer will need to be completed under your old brokerage firm’s name.
In conclusion, transferring your real estate license to another broker in Florida requires following the guidelines set by the DBPR. By submitting the Transfer of License application, providing employment verification from your new brokerage firm, and paying the transfer fee, you can transfer your license smoothly. Remember to return your old license and notify your clients of your move to avoid potential legal issues. By following these steps, you can make the transition to a new brokerage firm with ease.