Real Estate Team Agreement — Mississippi Edition Template

Teams are the dominant growth structure in modern residential real estate — and the most common source of intra-brokerage disputes. Who owns the leads? What's the split on a team-generated deal versus an agent's self-generated deal? What happens to the pipeline when a team member leaves? Without a written team agreement, those answers default to memory and goodwill, and both run out quickly when a $30,000 commission is on the table.

This 8-page Real Estate Team Agreement documents the full team structure: team identity and the team leader's authority (operating under the supervising broker — many states now regulate team names and advertising, requiring the brokerage name to appear and prohibiting misleading team names that suggest an independent brokerage); roles and duties of team members (buyer's agents, listing partners, showing assistants, transaction coordinators); compensation splits by deal source (team-generated vs. self-generated) and by role, with cap and bonus structures; lead ownership and database rights — the single most litigated team issue — with explicit language that team-provided leads and the CRM database remain team property; expense allocation (marketing, ISA, software); conduct standards and fair housing compliance; non-solicitation of team clients and staff after departure (with notes on state restrictive covenant enforceability, which varies widely); departure mechanics including pending-deal splits and listing reassignment; and dispute escalation through the supervising broker.

Everything in a team agreement sits underneath license law: commissions must still flow through the broker, and the broker's supervisory duties are non-delegable. The 50-state notes flag team registration and advertising rules states have adopted, plus restrictive covenant limits. Use this template as the framework and have brokerage counsel finalize it.

About this Mississippi Edition: Drafted around the Mississippi Real Estate Brokers License Law (Miss. Code Ann. § 73-35-1 et seq.) and the Mississippi Real Estate Commission's agency-disclosure rules, under which licensees deliver the MREC "Working With a Real Estate Broker" disclosure at first substantive contact and dual agency is lawful only with the informed written consent of both parties — the dual-agency form, listing agreement and buyer-representation agreement are built on that consent-and-confirmation regime, with all compensation flowing through the Responsible Broker. The seller disclosure form tracks the Property Condition Disclosure Statement required by Miss. Code Ann. § 89-1-501 et seq., and the contract forms rely on the Mississippi statute of frauds (§ 15-3-1) and the Mississippi Uniform Electronic Transactions Act (§ 75-12-1 et seq.) alongside federal E-SIGN. Because Mississippi has no general commercial broker lien statute, the commission and referral forms rely on contract remedies rather than lien rights, and Mississippi terminology (Responsible Broker, chancery court, Chancery Clerk, deeds of trust, attorney closings) is used throughout.