2 or 3 Wireless Headsets

I'm new playing catch up. So my question is this. If I get a phone with bluetooth like (Motorola MOTORAZR V3) and get 2 or 3 wireless headsets to go with it. Will all 2 or 3 headsets work at the same time? Like having a 3way conversation if they are close enough.......Also how close do the headsets have to be to work anyway? I have a good reason why I would like to do this. I'm just asking before I go and spend money on a couple of headsets.

Thanxs a bunch
Sean

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Not at the same time.
Most Bluetooth phones are "class 2", which means the Bluetooth feature has a range of up to 30 feet