Does Exit require me to complete a Change of Brokerage Information Form?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- n) Sales Representative is responsible for ensuring Sale Representative's information is up to date and keeping administration aware of any required changes. Sales Representative can make changes to Sale Representative's profile on the RC.
Agents may be required to update or sign revised office forms periodically to ensure compliance with company policies and regulatory requirements.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
Based on the 2025 FDD, Exit requires sales representatives to keep their information current. Sales Representatives can update their profile on the RC (presumably the Resource Center). It is the sales representative's responsibility to ensure that their information is up to date and to inform the administration of any required changes.
Additionally, the effective date for sales representatives is defined as the date that (1) the Sales Representative's license is formally transferred under Franchise's Real Estate Broker's License, (2) the Sales Representative has executed a Sales Representative's Agreement which has been approved by EXIT, and (3) the EXIT Associate Profile (described in Section 9.f)) below) has been completed.
While the FDD does not specifically mention a "Change of Brokerage Information Form," it does state that agents may be required to update or sign revised office forms periodically to ensure compliance with company policies and regulatory requirements. Therefore, it is possible that such a form exists and is used by Exit to maintain accurate records and comply with regulations.