"The use of real estate teams (teams) as part of a brokerage’s business model should not be considered a new development. The use of teams has been firmly established by brokerages throughout New York State.
Until recently, teams were not recognized by statute or regulation, and as such brokerages were permitting teams to operate without any specific guidance from the New York State Department of State (DOS).
Even today, the new Advertising Regulations only authorize a team to advertise as a group of licensees, but do not address not how a team should operate or what a team is permitted or prohibited from doing..."