PPAR.org

The Voice of Real Estate In The Pikes Peak Region.
Protecting Property Rights & Free Enterprise

Phone:

+1 719 633 7718

MLS Support:

+1 719 635 5040

Location:

430 N. Tejon St., Suite 101
Colorado Springs, CO 80903.

Transferring Offices

Transferring Your License And Membership To A New Office

Contact the Department of Regulatory Agencies (DORA) Division of Real Estate (DRE) for any questions regarding how to transfer your license. Their phone number is 303.894.2166, or click to go to DRE website.


Steps For Transferring to a New Firm:


1. Transfer is complete and showing on the DRE website.

2. New Exhibit B for PPMLS must be signed by your new employing broker. (Disregard if you do not have access to PPMLS)

3. Complete the Marketing Communication Consent Form (Form required for all participants.)

4. Page 7 of the SentriLock Lease Agreement – New employing broker signature is required. Only return page 7 to PPAR.(Disregard if you are not active with SentriLock)

5. For Listing Procedures: click here for what you need to know or click here and refer to Appendix E, Section J: Agent Transfers and Office Mergers.


For additional information, you may contact Membership at membership@ppar.org or phone 719.633.7718 or fax documents to 719.476.8166


What Happens To PPMLS Listings?

For historical records, always print (to paper or PDF) a complete PPMLS Inventory of listings and sales prior to initiating any transfer or merger changes.

    An Agent moving from one brokerage to another brokerage
  1. Listings are the property of the brokerage Designated REALTOR® (Participant)
  2. If a broker ((Sub-Participant) moves to another brokerage, the listings will not be copied to the new brokerage unless authorized in writing by the Participant (DR) of the former brokerage.
  3. Existing Expired, Cancelled, Sold or Leased listings will not be transferred.
  4. The former brokerage must send a letter to RSC which authorizes the release of the listings. The letter must be on company letterhead and signed by the DR or Office Manager. The letter must specify the MLS#, Address, Property Category, broker name and ID, and new office name and ID to which listing(s) should be copied.
  5. RSC will cancel the old listing. RSC will copy the old listing, and assign it the specified office and broker ID. The new listing will be left in the “Incomplete” status for the broker or office staff of the new brokerage company to complete and verify all information and fields.
  6. For RGT, UND, UCSS or PEND status listings, a Listing Date and First Right of Refusal Date or Under Contract Date or Pending Date must be entered. The First Right of Refusal Date or Under Contract Date or Pending Date must be later than the List Date. If a new listing agreement has been secured the Listing Date of the new listing must be entered. If an Amend/Extend has was secured, the Listing Date of the old listing must be used for the new listing.
  7. RSC will import the photos that are associated with the previous listing and attach them to the new incomplete listing.
  8. After RSC has received the listing transfer letter from the old DR please allow two (2) business days for processing.
  9. If RSC has not received the listing transfer letter from the old DR within five (5) business days of the agent transferring, then the listings will be assigned to the DR of the old brokerage.
    If two companies are merging
  1. The closing office must send a letter to RSC. The letter must be on company letterhead and signed by the DR or Office Manager. The letter must specify the MLS#, Address, and name and office ID of the surviving office, and the agent name and ID to whom the listing(s) is assigned.
  2. Existing Expired, Cancelled, Sold or Leased listings will not be transferred.
  3. After all documents have been received, please allow two (2) business days for processing.
    If a company with multiple branch office locations closes one location
  1. After the PPAR Membership Department has transferred the agents to a remaining branch it is the responsibility of the “main” office to reassign the ACT, RGT, UND, UCSS and PEND status listings to a remaining branch.
    If a broker (Sub-Participant) is transferring to another branch office
  1. After the PPAR Membership Department has transferred the agents to a different branch it is the responsibility of the “main” office to transfer the listings to a different branch.