Final answer:
When a broker moves to a different brokerage firm, their listings generally stay with the original firm due to listing agreements that are established between the seller and the brokerage. It is possible, though uncommon, for sellers to terminate their contract and follow the broker to the new firm if the terms allow. Specific policies and local regulations may influence how these transitions are managed.
Step-by-step explanation:
When a broker leaves one brokerage firm and goes to another, the listings that the broker was responsible for at the original brokerage usually remain with that initial firm.
This is because the listings are typically considered the property of the brokerage, not the individual broker. The listings are tied to the brokerage through listing agreements which include a legal and binding contract between the seller and the brokerage firm.
Therefore, when the broker moves to a new firm, they would usually have to leave their current listings behind and could not take them along to the new brokerage.
However, it is possible for the seller to opt to follow the broker if their contract allows it, which may include terminating the current listing agreement with the brokerage and entering into a new agreement with the new firm the broker is moving to.
It's important to note that different brokers and firms may have different policies and contractual terms, so the specific details may vary.
Additionally, local real estate laws and regulations can play a significant role in determining how these situations are handled.