REAL ESTATE TEAMS

By
Real Estate Agent with Atlanta SOLD Sisters

I work on a team in the North Atlanta area, prior to that I was an individual agent with a different company.

My team environment is great - BUT seems to be different than most teams - we each can still handle all parts/types of transactions. I still can have listings, work with buyers, we all do our own processing of contracts and all of the above.

Our team leader is a great guy who always seems to have time for us as well as a record number of clients.

Not sure of the AR policy on shameless plugs, but his name is Mitch Falkin and the team is the Move With Mitch Team.

I have found that his 21+ years experience and my youth and excitement are a great way for me to combine the knowledge of what works with the creative and technology knowledge that I bring to the table.

I am very curious to hear some of your experiences with teams and how they are set up - whether you are on a team or have dealt with a team on the other side of a transaction.

thanks!! Lee

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Spam prevention
Show All Comments
Rainmaker
402,235
Jane & Jeff Daley, PhD
Luxury Valley Homes Scottsdale - Scottsdale, AZ
Scottsdale Real Estate Arizona

Teams are organized by the Rainmaker and of course the local regulations of the state and sometimes the Brokers office.  We like the team concept because it gives us a life. We support each other in a way that makes it a win-win for everyone.  It reduces our overhead and has increased our revenue because of the additional resources that we have to offer.

Jeff Daley

Aug 26, 2007 01:42 AM #7
Rainer
4,203
Todd Cooke
EXIT HomeTown Properties - Killingly, CT

I just started a "Team" a few months ago and have adopted the same strategy as your Team Leader Mitch. I am hopeful that this way is beneficial to all involved. It sounds like Mitch is genuine and truly looking to help you make it in the business in hopes that you will succeed and he can benefit from helping you get there.

I will be paying close attention to how my team develops over the next year. If I have to make changes to make it work I will. I am considering some sort of combination of the different team scenarios out there.

Please continue to share your experience with your team. I am curious to see how things work out. Thanks for your post. It is encouraging to see someone else who has already formed a team the way I envisioned and apparently been successful with it.

Aug 26, 2007 01:47 AM #8
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA

Jeff - thanks - I'm striving to only be involved in win-win situations in all aspects of the business

Todd - Good Luck to you - I think knowing the team leader is assuming some responsibility and always there to help leads to success for all - it puts a positive pressure on team members to succeed! Please keep me posted on how it works for you - If you want to email me too, I would be happy to talk more about our details (no reason to post those)

Aug 26, 2007 01:55 AM #9
Rainmaker
77,306
Sheri Sanders
Berkshire Hathaway C Dan Joyner Realtors - Easley, SC
Realtor/Broker - Easley, SC Real Estate
I wish you well on your new team.  I know that making a move can be stressful in this business.
Aug 26, 2007 02:01 AM #10
Rainer
4,203
Todd Cooke
EXIT HomeTown Properties - Killingly, CT

Thanks Lee I will keep you posted. 

Sheri we could start a whole new post on the stresses of changing offices. I bet we would see some interesting comments on that topic.

Aug 26, 2007 03:57 AM #11
Ambassador
1,513,387
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I had an experience with a team for one month.  Didn't like it, the rules were too rigid but each team can run differently and sounds like you found a winner!  I hated open houses, knocking on expireds and cold calling.  I got made fun of because I wanted to focus more on a web presence.

To each his own and now I am forming a team but it is more of a support group, business building, mentoring kind of team using the same theme as my brokerage "there is no right or wrong way to do business" since I have pretty much done it all.   

Aug 26, 2007 04:33 AM #12
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA

Sheri - Thanks!

Todd - did you start that blog? it would be interesting - I also came from another brokerage into team

Renee - I'm sorry that you had a bad experience - please feel free to post back on how your new team is doing - I wish you the best!

Aug 30, 2007 07:55 AM #13
Rainmaker
1,088,749
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Lee - I work in a team as well. I have a partner and two other agents that work in my team as well as an admin. As another RE/MAX agent who works in a team, I am always curious how other team's compensate their agents. Would you mind sharing what kind of split you make when you bring a listing into the team for example?
Aug 30, 2007 09:43 AM #14
Rainer
4,203
Todd Cooke
EXIT HomeTown Properties - Killingly, CT
Hey Lee. Fortunately, I have not had much time to work on blogging lately. It really would be interesting to hear how others have dealt with the changes and what ultimately compelled them to make such a stressful choice in the first place.
Aug 30, 2007 11:58 AM #15
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA

Bill - please email directly - or call - I would prefer not to discuss here, but happy to give you a general idea of how we work

Todd - understood - been a busy week myself - actually just made an offer on our first inter-team potential deal (property listed with someone else on our team, buyer is actually my sister in law) -

I am creating a blog now on the stressors/reasons for change, probably easiest to click on my profile, then my blogs

Thanks for all of your great responses and insight, keep it coming!

Aug 31, 2007 02:12 AM #16
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA
Aug 31, 2007 02:28 AM #17
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA
anyone have updates on the team endeavours??
Sep 21, 2007 02:20 AM #18
Rainer
12,281
Meredith Hanson
Coldwell Banker Colorado Rockies Real Estate - Silverthorne, CO
I am a part of a team but we all have our own jobs.  Isn't the team you are involved in just like working for a brokerage office?  The main guy gets advertised and all the people beneath give the "broker" a cut.  Your team leader may supply more leads than your broker would but other than that, how is it different?
Sep 25, 2007 03:26 PM #19
Rainmaker
250,068
Mike Klijanowicz
Cummings & Co. Realtors - Perry Hall, MD
Associate Broker @ Cummings & Co. Realtors
SOunds like it works out great for you!  I am thinking of starting my own team in Maryland soon as well!
Sep 28, 2007 01:52 PM #20
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA

Meredith - technically i guess it could be perceived that way - while my team leader's name is on most of the materials (he is pretty well known in my market), I am still able to market myself but use their listings for open houses, flyers, recent sales, etc. - I actually generate most of my own leads, but do get leads from them as well - so it all depends on how you are set up in the team - so I guess it just lends me the additional credibility of an area top producer, while letting me work whatever I choose

Michael - feel free to email me directly if you are interested in any specifics

Oct 10, 2007 04:43 PM #21
Rainer
71,885
Larry Wright
nwRealty.Com - Tacoma, WA
Lee ... I have participated with teams for several years.  Just make sure that you're developing your personal business and not becoming overly dependent upon your group.  One day you will want to step out in your own direction.
Oct 11, 2007 03:08 AM #22
Rainmaker
8,471
Lee Adkins
Atlanta SOLD Sisters - Alpharetta, GA

thanks again Larry - you are a gentleman and a scholar!!

I really have the best of both worlds - and a compensation agreement that is great for us all - long and short term - but thanks for the advice - no one knows what the future brings - easy to be nice - tough to look out for #1 sometimes!

Oct 11, 2007 03:18 AM #23
Rainer
25,060
The All Pro Team
EXIT Realty Leaders - Crystal River, FL

Lee, we have been a team for the past 5 years.  Here is a little background on us though...we have been friends for 22 years, were roommates, our husbands are friends, and so on.  Although we were not partners when we first got into the business we decided it was what we wanted to do. 

It works for us because we are so comfortable with one another it is easy to say what is on our mind, or that I feel I am working harder then her, without the other one taking it personal.  I think you read need to be able to talk to one another openly and honestly.

Although we have been friends for so long, we still have a team contract that we written up, singed and notarized in case any problems arise in the future.  We also decided to split all money 50/50.

Oct 11, 2007 03:21 AM #24
Rainmaker
1,006,360
D B
Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578

The Team concept works very well for us.  www.bradburyteam.com

We have two new members now.  Many others are interested in forming teams of their own

Nov 01, 2007 09:50 AM #25
Rainer
13,948
Rodney Barnes
Essential Properties Inc - Goodyear, AZ
Real Estate
Lee, I went from solo to a team evironment as well. Although it took some adjusting, I am very happy with the team concept. Our team consists of 5 agents, 1 techie, 1 assistant and 1 closing coordinator. The support from our Team Leader is just what the doctor ordered. www.ThePreferredTeam.com I am now considering starting my own team in the future.
Nov 02, 2007 05:11 AM #26
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
8,471

Lee Adkins

Ask me a question
*
*
*
*