On what page of the Exit FDD can I find information about Teams?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPT]
SCHEDULE 3 POLICIES AND PROCEDURES MANUAL
POLICIES AND PROCEDURES MANUAL
TABLE OF CONTENTS
SECTION 1 – INTRODUCTION
MISSION STATEMENT VISION STATEMENT COMPANY CORPORATE STRUCTURE CONTRACT
SECTION 2 – OFFICE OPERATIONS
OVERVIEW OFFICE HOURS & HOLIDAYS WORK ENVIRONMENT POLICIES VACATION MAINTENANCE AND CLEANING OFFICE SECURITY PERSONNEL RECORDS ADMINISTRATIVE STAFF AGENT SAFETY
SECTION 3 – PROFESSIONAL CONDUCT
PROFESSIONAL CONDUCT POLICY ON HARASSMENT FAIR HOUSING PROFESSIONAL BOUNDARIES CONFLICTS OF INTEREST DRUGS, ALCOHOL, AND SMOKING
SECTION 4 – OFFICE PROCEDURES
ERRORS AND OMMISSIONS INSURANCE TRANSACTION DOCUMENT MANAGEMENT CONFIDENTIALITY POLICY INTEGRITY OF RECORDS LEGISLATION COMPLIANCE BUSINESS INVOICES OFFICE EQUIPMENT AND TECHNOLOGY
SECTION 5 – ADVERTISING
WEBSITES AND DOMAIN POLICY CHOOSING A DOMAIN NAME CLAIMS AND INDUCEMENTS SOCIAL MEDIA POLICY
SECTION 6 - LISTINGS
AGENCY ACCURACY OF LISTING INFORMATION LISTING SUBMISSION AND COMPLIANCE EXCLUSIVE LISTINGS
EXPIREDS OFF THE MARKET RELEASES AND ASSIGNMENTS OF LISTINGS CANCELLATION OF A LISTING CO-BROKERING LISTINGS OPEN HOUSES
SECTION 7 – OFFERSTRANSACTION MANAGEMENT
ACCEPTED OFFERS – OUR LISTING DEPOSITS/TRUST FUNDS INTEREST BEARING DEPOSITS COOPERATIVE COMPENSATION RELEASES/TERMINATION OF AN ACCEPTED OFFER
CHAPTER 8 – SALES POLICIES
ARBITRATION / ETHICS COMPLAINT RESOLUTION DISCLOSURE OF LICENSEE INTEREST DUTY ROSTER COMMISSIONS PURCHASE/SALE OF AGENT'S OWN PROPERTY COMMISSION DISBURSEMENTSALES MEETINGS AGENT GROWTH & SUCCESS PLANNING CORPORATE OBJECTIVE
SECTION 9 – TEAMS DEFINITION TEAM INFORMATION DEAL FEE ALLOCATION FOR TEAM DEALS PARTNERSHIPS TEAM LEADER PRODUCTION POLICY VIOLATIONS AWARDS AGENT CAPS TEAM AGREEMENTS
SECTION 10 – SPONSORING
OVERVIEW MANAGEMENT APPROVAL
SECTION 11 – SUMMARY
GENERAL COLLABORATION AND PROFESSIONAL HARMONY ACKNOWLEDGEMENT
NON-LICENSED ASSISTANT GUIDELINES AND EXPECTATIONS
SECTION 1: INTRODUCTION
This manual is designed to define and explain the policies and procedures adopted by EXIT Brokerage Name ("Company") for the conduct of its business. It is also intended to provide information that may be used in solving problems that may arise from time to time in the dayto-day handling of real estate business.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, information regarding teams can be found on page 125. Specifically, Section 9 of the Policies and Procedures Manual, which is Schedule 3, covers various aspects of teams within an Exit franchise.
This section defines what constitutes a team, which is two or more licensed agents working together in real estate, and notes that team information is entered into Exit's proprietary software, MEMO. The manual also addresses deal fee allocation for team deals, partnerships, team leader production, policy violations, awards, agent caps, and team agreements.
For a prospective Exit franchisee, understanding these policies and procedures is crucial for effectively managing and operating a team within their brokerage. It ensures compliance with Exit's standards and promotes a successful team environment.