A licensed affiliate broker acquires a listing for his firm but decides to switch firms before the listing contract expires. Which of the following is TRUE?

This statement is incorrect because the listing does not belong to the affiliate broker personally; it belongs to the original firm. Consequently, the new firm cannot claim the listing or commission associated with it unless there is a specific agreement in place to do so.

This option is false because the listing is tied to the original firm based on the contractual agreement with the property owner. The broker cannot transfer ownership of the listing simply by changing firms; it remains the property of the original brokerage.

This choice is misleading as the listing does not automatically cancel when the broker leaves the firm. The contract with the homeowner remains valid with the original firm, and the listing continues under that brokerage until its expiration or termination according to its terms.