yes that is how linked rvt files work.
"sharing tools" ? not sure what you are referring to.
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Brian Earsley
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How does the "link" tool works in Revit? Consider a project with several
types of buildings in one site, is it possible that user #1 works on Bldng.
#1 while user #2 and #3 work on Bldngs #2 and #3 respectively, and in
another file ,let's say Xfile.rvt, can i insert each one of the Bldng. like
linked objects, and get constant updates from each one of the users?
Something else. If this operation is possible, is it possible to combine
with the sharing tools?