Skip to content
Real Estate Agent

User Stats

20
Posts
2
Votes
Hank Austin
  • Spokane, Wa
2
Votes |
20
Posts

Moving brokerages - help!

Hank Austin
  • Spokane, Wa
Posted Oct 10 2019, 08:28

I live in Washington state. I am moving brokerages for business/money reasons. The brokerage I’m currently with just sent out their outrageous monthly invoice. It contains multiple fees and dues and that month I purchased open house signs (through the brokerage that goes through a different third party system) which amounted to 300 dollars (for 6 signs). My question is do I have to pay these fees and stuff that equal out to 800 dollars in order for them to release my license?? Any hello would be appreciated.

User Stats

6,241
Posts
3,797
Votes
Aaron K.
  • Specialist
  • Riverside, CA
3,797
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied Oct 10 2019, 08:37

Crazy that you have a brokerage that charges fees like that, I'd give them a call and say you are transferring and ask if they will prorate the fees for the time you are there this month.

User Stats

16,628
Posts
28,599
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
28,599
Votes |
16,628
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied Oct 10 2019, 08:37

Yes, the fact that you are planning to move brokerages does not release you from your contractual obligation to pay the fees of your brokerage while you are there.

District Invest Group Logo
BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

20
Posts
2
Votes
Hank Austin
  • Spokane, Wa
2
Votes |
20
Posts
Hank Austin
  • Spokane, Wa
Replied Oct 10 2019, 09:11

@Aaron K. Thanks for the feedback

User Stats

20
Posts
2
Votes
Hank Austin
  • Spokane, Wa
2
Votes |
20
Posts
Hank Austin
  • Spokane, Wa
Replied Oct 10 2019, 09:11

@Russell Brazil thanks for the feedback