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November 2, 2018

Thinking About Creating or Joining a Team?

Thinking about creating or joining a team?

Before You Begin

I was a member of a real estate team for over 20 years. My partner, Tony Herrera and I were fortunate and built a solid real estate clientele.

Some things to consider (a beginning):

  • Have a written partnership agreement indicating "what happens if?"
  • What happens if I want to retire (or want out of the team) and you don't, what happens to the assets and liabilities of the team?
  • What happens if you die or I die? What happens to the assets and liabilities of the team?
  • What are the assets of the team? The phone number is an asset, who gets it upon dissolution of the team?
  • The domain and the e-mail addresses are an asset of the team, who gets them upon dissolution of the team?
  • If the team is more than two people, and one person leaves the team, will their e-mail be forwarded to them?

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