Real estate teams have become increasingly common on Long Island, and whether you’re thinking about joining one, starting one, or simply competing against them, understanding how they work matters.
Team Models
The most common team structures: the solo agent with an unlicensed assistant (administrative support only), the two-agent partnership splitting costs and leads, the lead-agent model where one experienced agent generates leads and junior agents handle showings and coordination, and the full team with buyer’s agents, listing coordinators, and marketing support.
Legal Considerations in New York
In New York, unlicensed assistants have strict limitations on what they can do — they cannot show properties, discuss terms, or engage in activities that require a license. All compensation must flow through the licensed broker. Team members who are licensed must be on the same broker’s license. Understanding these rules before building or joining a team is essential.
Learn more through professional CE at Main St Success.