Real Estate Team Agreement — Nebraska 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 Nebraska Edition: These forms are adapted to Nebraska's limited-agency framework under Neb. Rev. Stat. § 76-2401 et seq., using the state's own vocabulary (limited seller's agent, limited buyer's agent, limited dual agent, designated broker, affiliated licensee) and permitting dual representation only as a limited dual agent with informed written consent under § 76-2422, including the statutory confidentiality limits. The seller disclosure and transaction forms are keyed to the Nebraska Seller Property Condition Disclosure Statement requirement of § 76-2,120 (the Commission's prescribed form still controls), the statute of frauds (§ 36-105 for land contracts; § 36-202 for commission/brokerage agreements), and the Nebraska UETA (§ 86-621 et seq.) for electronic execution. Broker-side forms reflect the Nebraska Real Estate License Act (§ 81-885.01 et seq.) — broker supervision, commissions flowing only through the designated broker, broker-to-broker-only referral fees — and note that lien rights for unpaid commissions exist only for commercial property under the Nebraska Commercial Real Estate Broker Lien Act (§ 76-2601 et seq.).