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Is a Real Estate Team Right For You?

Real Estate teams are all the rage.  Everywhere you turn real estate agents are forming a team.
Before you make the move to start a team or join a team, think about how you want to run your business.
The first question you need to ask is this, "Is a team right for me?"
As with everything in life, there are pros and cons to being on a real estate team.
For newer agents the idea of being on a team is ideal.
What's not to like?
You can get training from an experienced agent.
You don't have to prospect for leads and you have back up.
If you're a newer agent and are approached to join a team, make sure you know what you're getting into.
Don't be afraid to ask questions.
If you don't know what questions to ask, talk to your broker.
They will be able to provide guidance.
Do Your Homework Before Joining a TeamIt's important that you do your homework before joining a team.
Assuming that the real estate team is profitable can lead to disappoint.
The profitability of the team depends on how it is structured.
Will you have a buyer's agent? Is there a separate listing agent? Does the team need a licensed assistant or an unlicensed assistant? ... more

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