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A real estate team is a group of real estate agents who work together and share commissions. Rather than working with one real estate agent, you'd work with the team as a whole.

A real estate team is a group of real estate agents who work together and share commissions. Rather than working with one real estate agent, you'd work with the team as a whole.

Q. What is a team name? A. A \u201cteam name,\u201d is a statutorily created term that is described in Business and Professions Code Section 10159.7. It means a professional identity or brand name used by a salesperson, and one or more other real estate licensees, for the provision of real estate services.

A team agreement is a set of values, principles or behaviors that a team uses to improve their communication and keep each other accountable. This contract can cover territory such as how members will work together, make decisions, communicate, share information, and support each other.

Typical commission splits include 50/50, where the broker and real estate agent receive equal sums of money from a commission split, but they can also use the 60/40 or 70/30 split options. In these situations, the real estate agents get a larger sum of the money than the brokers.