+Team Creation

This document outlines the creation and structure requirements for forming a +Team within Business Broker +. The guidelines are designed to ensure consistency, provide flexibility, and foster growth for brokers collaborating under a +Team structure.

Team Structure Overview

Spousal Team

• Definition: A Spousal Team is a domestic team that includes two brokers in a spousal relationship. They share one cap of $90,000.

• Commission Structure: Both brokers work under one cap, meaning their combined production goes toward reaching the $90,000 cap. Once the cap is reached, they qualify for the Legacy Award.

• Eligibility for Legacy: Once the $90,000 cap is met, the team may qualify for the Legacy Award, provided they also meet all the requirements outlined in the Legacy+ Award Guidelines.

+Team

• +Team Lead Broker: The owner of the +Team is able to add additional requirements and commissions to be paid to the +Team organization in addition to Business Broker + commission requirements.

• Team Names: All teams must have a dedicated +Team identifier or name. This ensures there is only one team with that identifier within Business Broker+. Duplicate identifiers or team names may be allowed if they are in completely different regions.

• Team Promotions: Teams are able to use identifiers or names in promotions as long as "Powered by Business Broker +" and the BB+ logo are attached to all marketing.

• Team Websites & CRM: +Teams have the ability to create their own website and CRM through Deal Studio for a significant BB+ discount.

FAQ - Frequently Asked Questions

1. What is a +Team?
A +Team is a group of brokers and mentored salespersons or mentees who collaborate and share resources. The team structure allows for flexibility and growth while aligning with Business Broker + policies.

2. Can I use any name for my +Team?
No, all teams must have a unique +Team identifier or name. This is to ensure clarity and avoid duplication within Business Broker +. However, duplicate identifiers or team names may be allowed if they are in completely different regions.

3. What are the requirements for promoting a +Team?
Teams can promote themselves using their identifiers or names as long as "Powered by Business Broker +" and the BB+ logo are attached to all marketing materials.

4. Can my +Team have its own website and CRM system?
Yes, +Teams have the option to create their own website and CRM through Deal Studio, benefiting from a significant discount provided by Business Broker +.

5. What is the role of the +Team Lead Broker?
The +Team Lead Broker is the owner of the team and is responsible for setting additional requirements and commissions for their +Team, in alignment with Business Broker + commission requirements.

6. How does a Spousal Team differ from a +Team?
A Spousal Team is a specific type of team structure where two brokers in a spousal relationship share one cap of $90,000. This combined effort allows them to work together toward qualifying for the Legacy Award.

7. How many teams can I create under Business Broker +?
Each broker may create one +Team under their lead. However, approval from Business Broker + is required if you wish to establish additional teams or manage multiple teams simultaneously.

8. Can I make changes to my +Team’s name after it has been approved?
Yes, you can request a name change for your +Team, but it must be approved by Business Broker + and follow the guidelines for ensuring uniqueness and clarity.

+Team Creation Form