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At Prudential Americana Group, REALTORS we have specialized in coaching our Sales Executives while providing the necessary training, support and systems that allows an individual to build a profitable team within our brokerage. 

Building a successful and profitable team is truly an art as well as a science.  The initial priority considerations are hiring talented individuals for your key staff positions and implementing effective business and real estate systems.

  1. Hire Talented People to Key Positions

Team Building Model

  • Team Manager - A Critical Factor
    The key to building a successful, productive and enduring team is having an effective Team Manager.  The Team Leader who recognizes this basic concept will enjoy the benefits of more time, more income, less stress and the creation of a business asset that incorporates an exit strategy (the brokerage within the brokerage model). 

    The duties and responsibilities of the Team Manager include:
    o Set up and implementation of all team building systems that generate additional leads and income for the team
    o Recruiting team associates
    o Training and retaining team associates
    o Holding the team associates accountable to goals and production standards

    Your other key player is a solid administrative assistant/transaction coordinator.  Hiring an assistant is actually first priority if you don't already have one.  A general rule of thumb is that you are ready for an assistant when you are consistently closing 2-3 transactions each month.

    Here are some documents to get you started in the process of hiring an assistant:
    Sample Admin Assistant Ad Copy Download re_admin_asst_ad_copy.doc
    Sample Interview Questions Download InterviewTemplate.doc
    Job Description Template Download template_job_description.doc

    Don't hire team associates until you are ready!  And ready means (1) you have an administrative assistant or transaction coordinator and ideally also a Team Manager and (2) you have established systems in place.

  • Implement Effective Systems

    The following business and real estate systems are essential to creating a productive, profitable and successful team:

  • Business Basics, Incorporating Your Business and Financial Essentials
  • Team Vision, Mission, Values & Unique Value Propositions
  • Team Organizational Chart
  • Team Building Basics
  • Team SOI/Referral System
  • Team Listing System
  • Team Farming System
  • Team Business Plan & Goal Setting
  • Lead Generation & Follow-up Systems
  • Recruiting/Affiliation System
  • Exit Strategy

Systems + Staff = Success & Sanity

Contact me for a free one-hour consultation
jan@janobrien.com

702-858-9191

 

 

8 Comments on Keys to Success in Building a Real Estate Team - Hire Talent & Effective Systems

JUN
13
2007
JUN
14
2007
389,829 Points 16 Featured Posts Outside Blog
Very interesting stuff.  I have to say that its hard to find good help nowadays. A good TM is worth their weight in gold. -Charles
8:30pm • #2
JUN
23
2007
This is excellent - thank you for sharing.
11:07am • #3
3 Featured Posts
Jan,  Thanks for the info.  I worked on my own for boocoup years and added an assistant late last year.  I can't imagine working any other way now.  I was very lucky to find the "right" team player. 
11:13am • #4
DEC
16
2008
Localism Sponsor

Jan, this is just what I was looking for. We are building a team and needed a good blue print.

Many thanks-Rich Charlotte NC

5:33am • #5
AUG
15
2009

Really insightful.. I'm ready to explore the team concept... I am torn between building my own team or joing up with someone else though.

2:54pm • #6
APR
13
2010
101,432 Points

Jan,

Great post. It is very informative.

Thanks for sharing,

Matt Naumann

2:06pm • #7
NOV
06
2 Featured Posts Outside Blog

Excellent advice. Really thinking about the team concept as I think "it's time"

9:57am • #8

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Jan O'Brien - Las Vegas Homes (Broker | Real Estate Speaker & Trainer)

Las Vegas, NV

More about me…

Realty ONE Group

Address: 6475 S. Rainbow Blvd, Suite 102, Las Vegas, NV, 89118

Office Phone: (702) 898-1010

Cell Phone: (702) 858-9191

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A blog about Real Estate Business Systems, Team Building Strategies, Technology, Business and Life Coaching Tips and the Las Vegas Real Estate Market. View Jan O'Brien's profile on LinkedIn Facebook me!


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