If the team has stopped paying for itself
A team is worth what it produces for you net of the split. For plenty of agents that stays a bargain for an entire career. If the number no longer works, or you have reached the point where you want to build under your own name instead of a shared one, then what you can take with you is decided by what you signed.
Four clauses decide most of the outcome. The notice period. Any claim the team makes on your database. Any non-solicitation language covering past clients and other agents. And the treatment of deals that are pending when you leave.
Team agreements vary widely. Some claim only the leads the team paid for. Some claim every contact you touched while on the team. Read yours before you say anything to anyone.
The usual line is that leads the team sourced and paid for belong to the team, and relationships you brought or created yourself belong to you. That line is often blurry in practice and the written agreement controls.
Export your own contacts and your transaction history while you still have access. Do it as a record of your own business, not as a way around your agreement.
Be specific with yourself. Count the deals the team genuinely sourced last year, not the ones you would have closed anyway. Subtract the split you paid. That number is what the team is worth to you.
If the team is providing coaching and operations rather than volume, price those separately. Those are usually available to buy directly, at a cost you can compare against the split.
A brand that reads at the top of the market, the systems to run your business, a seat in two closed eXp communities, and a desk when you want one. Transaction management is there as an add-on if you want somebody else carrying the file.
What it does not ask for is your database, a share of your leads, or the top line of your sign. You are not joining a team. You are partnering under a brand while running your own business inside eXp Realty.
Questions
It depends on your team agreement. Leads the team sourced and paid for are commonly retained by the team, while relationships you brought or created are commonly yours. The written agreement decides it, so read it before you resign.
Almost always, and the period is set by your agreement rather than by state law. Leaving without the contractual notice can put your pending commissions at risk.
No. A team sits inside a brokerage. You can sometimes leave a team and stay at the same brokerage, which is a smaller move. Leaving both at once is a license transfer as well as a contract exit.
The short version
Confidential, and nothing changes until you decide it does.