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Results 1 to 6 of 6
  1. #1
    Join Date
    Aug 2008
    Posts
    5

    Default Operating with an expired license

    Someone I know took a listing in May of this year, then in August their license expired. Can they still hold the listing? Can another agent come by and take over the listing without the seller requesting a listing cancellation? If the new agent uses a buyer found originally by the old agent can the agent sue for commission? What are the potential ethical and legal violations?

  2. #2
    Codythebest's Avatar
    Codythebest is offline Mansion
    Join Date
    Nov 2006
    Posts
    1,232

    Default

    His/her broker will take the listing over. The listing itself is safe and will always be. Why to operate with an expired license at the first place? It's so easy to renew even online, in no time...

  3. #3
    Join Date
    Aug 2008
    Posts
    5

    Default

    I have no idea why the listing agent let her license expire, but when I searched her on the California DRE it showed that it was. The listing agent in my case is actually a broker, not an affiliate broker, but a self employed broker. Who takes over for a broker when their license expires?

  4. #4
    Greg is offline Moderator
    Join Date
    Sep 2007
    Location
    Outer Banks
    Posts
    1,282

    Default

    Talk to someone at the California DRE. They are the ones with your answers. It might also be possible there is a mistake on the website and the broker still has their license.

  5. #5
    jamesww's Avatar
    jamesww is offline Home Owner
    Join Date
    Apr 2008
    Location
    Houston, Texas
    Posts
    631

  6. #6
    dpylyp's Avatar
    dpylyp is offline Fixer Upper
    Join Date
    Jul 2008
    Location
    Toronto
    Posts
    63
    Blog Entries
    22

    Default Expired license

    I remember a case earlier this year in the states where the real estate company while in Bankruptcy was selling its book of business to another broker to take over their listings.

    The Listings were in Legal LIMBO as they could not be relisted as they had not expired.

    Maybe someone recalls the details

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