Switch Your Broker of Record
Seamless broker transitions for California property management companies
Need to Change Your Broker?
Whether your current broker is retiring, you're looking for better compliance support, or you simply need a change, Loom Realty makes switching Brokers of Record straightforward.
We handle the DRE filing, coordinate timing to avoid gaps in coverage, and get you operational under our supervision typically within 4-6 weeks.
Common Reasons for Switching
Broker Retiring or Leaving
Your current broker is retiring, moving out of state, or closing their practice. You need new supervision to continue operating legally.
Better Compliance Support
Your current broker doesn't provide adequate compliance oversight. Loom Realty includes DRE compliance review, trust fund oversight, and audit-proven infrastructure.
More Responsive Service
You can't reach your current broker when you have questions. Loom Realty provides ongoing broker availability for compliance questions as they come up.
Clearer Pricing
Your current arrangement has confusing fees or hidden costs. Loom Realty offers simple flat-fee pricing: $500/month for property management, no transaction fees.
How to Switch Brokers
The process for changing your Broker of Record in California:
Contact Us
Text us to discuss your situation. We'll explain the process and confirm Loom Realty is the right fit for your property management company.
Review Your Current Agreement
Check your existing BOR agreement for notice requirements (typically 30-60 days) and any termination provisions. We can help you understand what to look for.
Provide Documentation
Submit required documentation: E&O insurance, business entity info, agent roster, and any pending transaction files. This can happen while you're still giving notice.
Sign Agreement & Pay
Sign the Loom Realty BOR Agreement and submit your first payment ($500 onboarding + $500 first month for property management).
DRE Filing
We complete the broker change filing with the California DRE. Plan around a 4-6 week DRE review window after complete paperwork is ready and filed.
Go Live
Once the DRE processes the change, you're operating under Loom Realty's supervision with full compliance infrastructure in place.
Broker Retiring Soon?
If your broker is retiring or leaving, contact us immediately. You cannot legally operate without broker supervision. The sooner you start the transition process, the smoother it will be.
Talk to a BrokerSwitching Brokers FAQ
My broker is retiring. What do I do?
Contact us immediately. You cannot legally operate without broker supervision, so you need to secure a new BOR before your current broker's retirement date. Loom Realty can typically onboard property management companies within 4-6 weeks. Don't wait until the last minute.
How long does it take to switch brokers?
Plan around a 4-6 week California DRE review window after complete paperwork is ready and filed. Total transition time also depends on your notice period with your current broker, document readiness, insurance paperwork, and whether there are open compliance issues.
What happens to my pending transactions?
Pending transactions transfer to your new broker's supervision. We'll review any open files as part of onboarding. It's best to close as many transactions as possible before switching, but we can handle transitions with pending deals.
Do I need to notify my current broker?
Yes. Check your current agreement for the required notice period (typically 30-60 days). Provide written notice per your agreement terms. You can begin the onboarding process with Loom Realty while serving your notice period.
Will there be a gap in my broker coverage?
We coordinate timing to avoid gaps. The DRE broker change filing specifies an effective date, so supervision transfers directly from your old broker to Loom Realty. Proper planning prevents any period without broker coverage.
What if I'm unhappy with my current BOR?
Common reasons for switching include: broker retiring, poor communication, lack of compliance support, high fees, or simply needing a better fit. Whatever your reason, we'll make the transition as smooth as possible.
Ready to Switch?
Contact us to discuss your transition. We'll explain the process, review your timeline, and answer any questions about switching to Loom Realty.
David Levine Bramante, President & Operations
Text: +1 (310) 906-5459