Transferring to Another Office (Sometimes known as: “What Happened to my MLS!?”)

Transferring to Another Broker (Sometimes known as: “What Happened to my MLS!?”)

If “the only thing that is constant is change,” then there are bound to be changes in relationships between brokers and agents. What happens if an agent or broker decides to terminate a relationship?

Either the broker or licensee may complete and sign the WI Dept. of Safety & Professional Services Form 766 (Notice of Termination) and submit to the WI DSPS as instructed, as well as forward to the LARA office.

Receipt of this document requires the LARA staff to immediately change the status of the licensee to a non-member (of all levels of membership, including WRA and NAR if applicable.) This action initiates an automated e-mail to all parties, including MetroMLS to immediately discontinue services. If this action is taken between 9 a.m. and 12 noon, Monday through Friday, services are likely to be discontinued by the end of the same business day. After noon, services are likely to be discontinued the following business day by noon.

When the licensee arranges a relationship with a new broker, that broker must submit the WI Dept. of Safety & Professional Services Form 812 – Notice of Real Estate Employment: and forward to the LARA office. Receipt of this form requires the LARA staff to reactivate the membership status, under the new broker. This action will initiate an automated e-mail to all parties, including MLS to immediately restore services. As stated above, if this action is taken between 9 a.m. and 12 noon, Monday through Friday, services are likely to be restored by the end of the same business day. After noon, services are likely to be restored the following business day.

The Lakes Area REALTORS® Association contracts MLS services through MetroMLS. Details on MLS services should be directed to their office.

By | 2014-06-28T11:50:03+00:00 June 28th, 2014|Member News|0 Comments

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