What must an agent do when transferring to a new brokerage firm?

When an agent transfers to a new brokerage firm, the agent is required to notify the Kentucky Real Estate Commission (KREC) of the firm change and pay a fee associated with this transfer. This process is vital for ensuring that all licensing and brokerage records are up to date and accurately reflect the agent's current affiliation. The KREC oversees real estate practices in Kentucky and must be informed of any changes to maintain compliance with state regulations.

It's not necessary to quit without notice, as proper procedures are typically followed in transferring between firms. Completing additional training is not a requirement simply due to a change in brokerage, although agents may choose to enhance their skills voluntarily. Additionally, while submitting a letter of resignation may be part of the agent's transition process, it is not the official procedure required by the KREC for the transfer. Thus, notifying the KREC and paying the appropriate fee is the critical action to ensure compliance and a smooth transition.