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A salesperson working for Trinity Real Estate LLC has moved to Lotus Realty. What happens to the listings the salesperson took at Trinity Real Estate LLC?

Correct Answer

D) The listings belong to Trinity Real Estate LLC

Listings belong to the brokerage, not the individual salesperson, so they stay with the original brokerage.

Answer Options
A
The listings are voided
B
The listings are considered null
C
The listings belong to Lotus Realty
D
The listings belong to Trinity Real Estate LLC
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Related Topics & Key Terms

Related Topics:

agency-relationshipslisting-agreementsbrokerage-operations

Key Terms:

listing agreementbrokerage ownershipsalesperson transferNew York Real Property Lawbroker-salesperson relationship
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