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Opinion on Real Estate Teams?

Opinion on Real Estate Teams?
by Kaushik Sirkar, Chandler REALTOR®
Chandler AZ Real Estate

Teamwork is prevalant everywhere you look in American society. The major sports are team sports. Teamwork is emphasized in college education. Teamwork is a major topic of questioning when interviewing for a major corporation. Teamwork, is of course, also present in Real Estate. Realtors sometimes operate as individuals (like myself) or in larger teams consisting of 7 buyer's agents, 6 listing specialists, 5 transaction coordinators and a partridge in a pear tree!

Who's right? Is one model definitively better than the other? Let me list some of the key criteria when working with clients and give my suggestion as to which may be preferred....

KNOWING your client - As an individual agent, I work with my clients through every step of the process. If they are trying to sell and subsequently purchase a home, I will have intimate knowledge of their likes and dislikes. Within a team structure, this is certainly feasible, but not guaranteed as the client may get handed off between team members, or specific team specialists. Edge - individual agent.

AVAILABILITY - How ever devoted the individual agent is, at times he/she will be busy with a client or in a closing. Once in a while, they may even be on vacation! They can always refer the client to another agent in the firm, but.... With a team, accessibility should never bea problem! Edge - team.

PROFESSIONALISM - A somewhat vague term to define. Some individual agents aren't worth a dime, some are mega producers. Same goes for teams and various team members. Edge - toss up.

Now folks, I really didn't pick these three criteria so we could end in a tie. Feel free to suggest others.

My main point is, in the world of Real Estate I have and continue to work as a sole agent. Of course there are lots of teams out there. What are some of the opinions out there?????

Thanks for Reading :)

Kaushik Sirkar, Chandler Realtor®
http://www.homesphx.com

Posted by Kaushik Sirkar on 05/14/2007 11:21 PM

Comments (10)

This post has been included in Arizona Information

10 Comments on Opinion on Real Estate Teams?

Great blog something to consider when forming a team. I work as a partner with my brother. Keeps it simple and organized.

05/14/2007 11:27 PM

by Julio Anchante - RE/MAX Gold (RE/MAX Gold)

Julio - I swear I haven't seen this topic discussed before on AR....

05/14/2007 11:46 PM

by Kaushik Sirkar (Call Realty, Inc.)

I am at a point in my business that I have to make a decision to form a team, or to stay solo. I have hired a marketing director which has worked well for me. I like dealing with my clients personally, but do see advantages to having a team (such as getting time off)

05/15/2007 12:03 AM

by Sheri Sanders -Easley,SC Real Estate (Prudential C Dan Joyner Co)

We have teams in our area that receive negative comments from their clients. Apparently they've grown so big, that they don't give the same level of service, attention that clients get from one individual.

05/15/2007 04:30 AM

by KRISTINE CROWE (COLDWELL BANKER RESIDENTIAL BROKERAGE)

Kaushik, HOlly Guacamole Robin, Just teasing you my friend, I would like to have a team , great points to consider here, keep the good blog :) Can you send me an email?

05/15/2007 04:43 AM

by Aurora Colorado Real Estate Ray Saenz, Colorado Realtor (United Property Brokers, INC)

I too work as an individual agent, although my plan is that when I become too busy, I may take on a team member rather than referring clients out. I think that if you carefully choose who is on your team, you could keep client satisfaction high while still having a personal life. The team model is attractive to me as well for the reason that more people involved means more experience to offer. Different team members may have ideas that I hadn't yet considered.

05/15/2007 05:24 PM

by Robin Willis, Tucson's Expert Agent, Realty Executives (Realty Executives Southern Arizona)

Sheri - There does appear to be a tradeoff!

Kristine - That is my fear with regards to larger teams....

Ray - Thanks!

Robin - So you are contemplating 2 team members...do you have an opinion on some of these mega teams?

05/15/2007 06:31 PM

by Kaushik Sirkar (Call Realty, Inc.)

this is something that i would like to learn morea bout because i am still kinda new. i'm working alone right now but what exactly happens when agents team up? is there a process involved? are there responsibilities delegated? what happens?

05/24/2007 04:20 PM

by Dee Neal Philadelphia Real Estate (Exit Realty Waterfront Group)

Dee - In AZ, i think you are required to let your broker know that you are officially a 'team'. Not sure if the DRE needs to be notified. As far as responsibilities within the team - that is to be determined by the parties involved....

05/24/2007 07:02 PM

by Kaushik Sirkar (Call Realty, Inc.)

I am considering teaming up with another agent. I'm interested on exactly teams are run. Expenses, commission splits. We are not married so it is not a family set up. Anyone with helpful info would be greatly appreciated!

THanks

10/01/2007 08:59 AM

by Marianne

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