What happens to all listings and transactions when a salesperson quits?

When a salesperson quits their brokerage, all listings and transactions associated with that salesperson typically remain with the old supervising broker. This is because listings are contracts that are between the seller and the brokerage, not the individual salesperson. Therefore, even if the salesperson leaves, the brokerage retains the legal rights to the listings and any transactions in progress.

The supervising broker is responsible for managing these listings and ensuring continuity in service to clients. The business relationships and agreements made with clients do not cease when an individual salesperson departs; instead, they are maintained by the brokerage. This ensures that clients receive the necessary support and that any ongoing transactions can continue smoothly, with another salesperson in the brokerage potentially taking over.

Additionally, moving listings to a new broker or holding them in limbo until reassigned does not align with the standard practices within the industry regarding the management of real estate business relationships. As a result, the correct understanding is that the listings and transactions remain with the old supervising broker upon the salesperson's departure.