If I signed with a real estate agent in one state, can I use an agent in another state if my first agent is not licensed in the second state?
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If I signed with a real estate agent in one state, can I use an agent in another state if my first agent is not licensed in the second state?
Asked on August 23, 2011 Rhode Island
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under the real estate laws promulgated by the department of real estate in each state, a real estate in order to transact a real estate sale or mortgage must be licensed in the state where the real property is located as a real estate agent to be involved in the sale or broker the loan for a client.
If you signed an agreement with a real estate agent who is not licensed in the state of Rhode Island to sell real property that you own in Rhode Island, that real estate agent cannot transact the sale as a listing agent in Rhode Island. If this is the situation, the real estate agent who you signed with to list your property in Rhode Island needs to sign a written cancellation of the listing with you.
Once you have a signed cancellation of the listing by one real estate agent and his or her brokerage, only then should you sign a new lisitng agreement with another agent and brokerage. You do not want to be in a situation where you have two existing listing agreements with two different brokerages for the same property at the same time.
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