Do’s And Don’ts For Teams And Groups As A

do’s and don’ts for teams and groups as a result of a new law, the following rules apply to teams and groups beginning on october 1, 2010:

Do’s and Don’ts for Teams and Groups
As a result of a new law, the following rules apply to Teams and
Groups beginning on October 1, 2010:
Teams
 A Team must consist of two or more Associate Brokers or Salespersons
or a combination of the two who:
1. Work together on a regular basis:
2. Represent themselves to the public as being part of one entity; AND
3. Designate themselves by a collective name such as “Team or Group”
 All licensed team members must be affiliated with the same broker,
and, if applicable, offer brokerage services at the same branch
office.
X A licensed broker may NOT be a member of a Team.
X The name of the Team may NOT contain the terms “Real Estate”, “Real
Estate Brokerage”, “Realty”, or any other term that would lead the
public to believe that the Team is offering real estate brokerage
services independent of the Broker.
 Team members must conduct all real estate brokerage activities from
the broker’s office or the branch office where their licenses are
displayed.
X A Team may NOT operate out of an office or location other than the
broker’s office or the branch office where their licenses are
displayed.
Advertising
 All Team advertising must contain:
1. The full name of the brokerage displayed in a meaningful and
conspicuous way;
2. The name of at least one of the licensee members of the Team; and
3. The telephone number of the broker or the branch office manager.
 The Team name in the advertisement must be directly connected to the
name of the brokerage.
 “Advertise" means the use of any oral, written, or visual
advertisement by a licensed real estate salesperson, licensed real
estate broker, licensed associate real estate broker, or other person
on behalf of a licensed real estate salesperson, licensed real estate
broker, or licensed associate real estate broker. "Advertisement"
means, unless the context requires otherwise, any oral, written, or
printed media advertisement. "Advertisement" includes any
correspondence, mailing, newsletter, brochure, business card, for sale
or for lease sign and sign rider, promotional item, automobile
signage, telephone directory listing, television announcement, radio
announcement, telephone solicitation, and World Wide Web and Internet
voice-overs. (17-527.2 Annotated Code of MD)
Team Leaders
 A Team must designate a team member as its Team Leader. The Team
Leader must be an Associate Broker or a Salesperson with at least 3
years experience.
 The Team Leader must maintain a current list of all members and
employees of the Team.
The Team Leader must provide the list and any revisions to the list
to the Broker or the Branch Office Manager where the Team Members’
licenses are displayed.
The Team Leader must exercise reasonable and adequate supervision
over the provision of real estate services by members of the Team
Brokers and Branch Office Managers
 The Broker or Branch Office Manager must maintain copies of the
lists of Team Members and Employees, and make the copies available to
the Commission on request.
 The Broker and Branch Office Manager must supervise the Team
Members, and this supervision is in addition to the supervision
responsibilities of the Team Leader.
X The Broker and Branch Office Manager may not delegate their
supervisory responsibilities over Team Members to the Team Leader.
Team Leaders and Members
 The Team Leader and all Team Members must adhere to all office
rules, practices, and procedures established by the Broker and the
Branch Office Manager.
Dual Agency
 THE Broker may designate two members of a team as intra-company
agents for the Buyer and the Seller in the same transaction if the
parties have FIRST been advised in writing that the Licensees are part
of the same team and the team could have a financial interest in the
outcome of the transaction. The Buyer and Seller must complete the
“Consent for Dual Agency” form required under existing law before Dual
Agency may occur.
X The Team Leader may NOT designate Team Members as intra-company
agents. Only the Broker may make this designation.
 The Broker must insure that both parties have acknowledged in
writing receipt of a “Notification of Dual Agency within a Team” form
PRIOR to designating two Team Members as intra-company agents in a
transaction.