RHCE Objective: Use network teaming or bonding to configure aggregated network links between two Red Hat Enterprise Linux systems.
http://rhelblog.redhat.com/2014/06/23/team-driver/
https://access.redhat.com/documentation/en-US/Red_Hat_Enterprise_Linux/7/html/Networking_Guide/ch-Configure_Network_Teaming.html
Teaming and Bonding are the same as far as technical discussions at this level are concerned. Bonding is kernel level work where teaming is user space. This lets you be more flexible with the configurations.
Bonding is pretty simple.
Set up a /etc/sysconfig/network-scripts/ifcfg-bond0 file. In the interface files you will be bonding to it, remove the IPADDR line and move it to the bond0 file (only one IP). Then add a SLAVE=yes and MASTER=bond0 to the two or more interface files that the bond0 interface will consist of.