Changing Brokerage Affiliation Flashcards

1
Q

You can change brokers at any time and it just takes

A

Two simple steps

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2
Q

In order to switch brokerage affiliation:

You must terminate your relationship with

A

Current Broker

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3
Q

In order to switch brokerage affiliation:

Establish a relationship with

A

New Broker

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4
Q

The transfer of your license from the Current Broker to the New Broker must be conducted through

A

VREB

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5
Q

Once the VREB reviews the application transfer form and sends it to the new broker you will receive a

A

New pocket card.

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6
Q

The transfer can take place by downloading the form from the VREB

A

Website

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7
Q

The VREB transfer fee is

A

$60

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8
Q

Previous broker must send form to the VREB with

A

Termination Date
–AND–
Principal Brokers signature

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9
Q

Previous Broker:

The VREB requires that the termination notice be sent by

A

Certified Mail

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10
Q

Previous Broker:

The VREB requirers that the termination notice must be received within

A

10 Days

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11
Q

Concurrent Licenses - licensed broker for 1 firm | associate broker for another firm IF:

You have a current

A

Broker’s license

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12
Q

Concurrent Licenses - licensed broker for 1 firm | associate broker for another firm IF:

Submit an application to the VREB with the a fee of

A

$140

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13
Q

Concurrent Licenses - licensed broker for 1 firm | associate broker for another firm IF:

A form is provided to the VREB verifying that the broker’s concurrent status is known by

A

The principle brokers of each affected firm

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