A salesperson is terminated by the broker. What happens to the salesperson's pending transactions?

Broker continuity: The broker (brokerage) is the party contractually responsible for transactions — not the individual agent. When an agent is terminated: pending listings remain the broker's listings (clients can release or continue with a new agent); pending purchase transactions continue under the brokerage; clients may have the right to transfer to a new brokerage in some circumstances (especially for exclusive buyer representation agreements). The terminated agent: must immediately stop using the brokerage's name and materials; licence returns to the state in inactive status or transfers to a new broker; has no right to take the brokerage's clients or listings. Commission owed for pending transactions: per the termination agreement; varies by contract.