Friday, January 13, 2023, 5:00 pm
Teams are defined as any member that has a written agreement with another licensee that is filed with the brokerage firm and defines how commission splits are determined.
- All transactions must have closed during 2022.
- The minimum volume requirement for Teams is $2 million.
- For Teams with three or more members applying for recognition, the minimum volume requirement is at least $1 million times the number of Team Members applying for recognition. Examples:
- If 3 members of the Team are applying for credit, the minimum volume requirement is $3 million. (3 x $1 million)
- If 4 members of the Team are applying for credit, the minimum volume requirement is $4 million. (4 x $1 million)
- If 4 total members are on the team, but only 1 is applying for credit, the minimum volume requirement is $2 million. (1 x $1 million, but the overall minimum volume requirement is at least $2 million)
(Eligible transactions: Resale, New Homes, Land and Commercial - No Credit is allowed for Leases)
Application Fee: $65 [Late Fee: $250 + application fee | Must be turned in by 5:00 pm, January 20, 2023.]