How to Switch Broker of Record in California
A step-by-step answer for property management companies and real estate teams.
Short Answer
To switch Broker of Record in California, review your current broker agreement, choose a replacement broker, gather required business and license documents, sign the new BOR agreement, file the broker change with the California DRE, complete compliance onboarding, and update your public materials before going live.
Switching Steps
- Review your current broker agreement for notice periods, termination terms, and pending-file obligations.
- Choose the new Broker of Record and confirm service scope, pricing, insurance, forms access, and onboarding requirements.
- Gather business entity documents, insurance information, license roster, open files, trust account information, and required disclosures.
- Sign the new BOR agreement and coordinate the target transition date.
- Submit the required California DRE broker change filing or affiliation update.
- Complete compliance onboarding before operating under the new broker supervision.
- Update advertising, forms, consumer-facing materials, and internal procedures to match the new broker relationship.
Typical Timeline
Loom Realty typically estimates 4-6 weeks for DRE review after complete paperwork is ready and filed, depending on document readiness, notice requirements with the current broker, DRE processing, and the complexity of the business being supervised.
Documents to Prepare
- Business entity information and ownership contacts
- Errors and omissions insurance and general liability insurance
- Agent or licensee roster with DRE license numbers
- Current broker agreement and notice requirements
- Open transaction, leasing, or management files
- Trust account procedures, if property management is included
- Disclosure of pending complaints, investigations, or litigation
Official References
Need to Switch Brokers?
Loom Realty can review your transition timeline and explain the BOR onboarding process.