Proper Way To Leave Brokerage business with 20+ listings
I've just recently accepted a new job so I'm basically planning on leaving my CRE business, I have approx 2 weeks to wrap things up. I have approx 21 listings and even manage about 5 shopping centers. I don't have a ton of deals in flux at the moment, just a couple small ones I think I can finish up in the next two weeks to have a clean break. 

I was thinking of putting my license with a friend who's a broker with his own company incase I do some small deals on the side. 

Anyone have any experience with this and could give me some pointers so I don't screw the pootch on the way out?

Thanks,
[{"id": "gj9tidp", "text": "What percentage of your listings are sales compared to leasing assignments?", "replies": [{"id": "gja1wxq", "text": "3 sales listings, the rest are leasing.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gja18b8", "text": "Need some additional information. As I read it, it sounds like you are walking away from CRE on the representation side at least, correct? Or are you going from one firm to another? Are you currently sponsored by a broker who has the rights to all of your listings or do you own them yourself via being a broker or some written agreement? The best method depends heavily on your business structure and how you are employed currently. I was formerly at a large firm and watched a lot of people do it the right way and make money and lots of guys do it the wrong way and get sued for literal millions. I also, in my current role, negotiate C-suite level exits from national corporations.", "replies": [{"id": "gja28pk", "text": "&gt; you currently sponsored by a broker who has the rights to all of your listings or do you own them yourself via being\n\nI'm walking away from CRE, I'm primarily a landlord side broker but do have tenants I run with. I want to keep my license with another brokerage for a few deals on the side that fall in my lap or are layups. \n\nMy brokerage technically will be entitled to all of my listings and they can keep most of them, but truthfully they are my clients and this is a relationship business. I highly doubt my house will keep any of my exclusive listings unless I hand them over.", "replies": [{"id": "gja8w2o", "text": "If that is the case, you are parked with a much nicer Broker than I have ever met. Last guy I watched leave a firm was one of the top 15 regional producers. He was sued for 7 figures and forced to complete all deals he had under contract, hand over the commissions for those deals, and was not allowed to keep any of his active listings...\n\nSince you are walking away from CRE, and especially since your deals are leasing instead of sales, you have more leverage than if you were going to a competitor or something like that, obviously. So, I would sit down with Broker, tell him you are leaving, and tell him that you want X% of anything the firm makes off of those three listings and Y% of anything made off your leasing listings for the next two years. The way you get him to agree with that is to talk to your good clients beforehand and put him the position of either accepting that deal because the clients are in agreement, or risk pissing off the clients. Of course this all depends on what you are ethically and legally allowed to do in the state you are brokering in; there may be rules which prevent you from going around your broker to your client like that although I would be surprised if there are.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gja99r8", "text": "Bring in somebody to work on the listings who knows what they\u2019re doing and take a cut of the fees. You could easily get 20-50% of the fees depending how much they throw off in management fees and commissions.", "replies": [], "depth": 1}, {"id": "gjcctjd", "text": "If you are going to be an employee or exclusive contractor in a few weeks I'd confirm in advance that holding a license and doing deals on the side isn't a conflict or not allowed. Some industries, like finance, frown upon the outside work even if its not expressly prohibited.", "replies": [], "depth": 1}, {"id": "gjin5c1", "text": "Mind sharing your thought process on leaving the CRE brokerage business? \n\nMy partner and I just left our former broker\u2019s firm this past week to start with a new one and we had a lot of business we are just walking away from unfortunately. He didn\u2019t take it well and it\u2019s going to be a fight to see those fees.", "replies": [], "depth": 1}]