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Teams are work, but can be profitable...

By
Real Estate Agent with Keller Williams Market Pro Realty

Thinking of putting together a team of realtors. Teams can be profitable, but are always work. Keep the following points in mind when considering a team.

1. Choose the team members carefully. You cannot afford to have an open door policy. You are looking for mature, responsible and self-starting adults.

2. Your team members must find the team concept beneficial. If your team members do not find the benefit or proftability of the team, they will not stay.

3. Team members must have a common goal. You are still working with independent agents, so finding a group of people that are willing to support and work together on a voluntary basis can be very challenging.

The benefits of a team are that you can leverage accounts that could not otherwise be worked. There is power in numbers. It can also open up opportunities that would not be normally afforded you as an individual.

You can also share and leverage expertise to enhance your own presentation within the group. Hopefully you find this helpful if you are considering a team within your organization.

Posted by

Larry Robison

Executive Broker

Keller Williams Realty

3105 NE 11th

Bentonville Ar, 72712

479-426-3644

larryrobison@kw.com

Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS
I would love to be part of a team, still looking for a partner!
May 07, 2008 03:39 PM
Orobosa Idehen/ Sacramento/ Elk Grove/ Wilton
Idehen Real Estate Investment Group - Keller Williams Realty - Elk Grove, CA
Great advice, Thanks for sharing
May 07, 2008 03:50 PM
Nyles Courchesne
Peskin, Courchesne and Allen, P.C. - Springfield, MA
Massachusetts Real Estate Attorney
Teams are definitely tough.  I have chosen many poor members of my own staff/ team and it can be extremely difficult.
May 07, 2008 03:53 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Larry,

Just the other day I wrote a compliation of my notes after listing to Tom Ferry a r.e. trainer. One of his observations was that "A team can always outproduce a single agent. It's a matter of finding the right people for the right job.

We then listed a series of 10 things we do in r.e.,  then we identified who was responsible for each. Hopefully the agent was not the accountable for everyting.

Made sense to me.

May 07, 2008 04:43 PM
Jean-Paul Peron
eXp Realty - OBX - Corolla, NC
Carova Beach - Living & Working in 4-Wheel Drive

I have been looking into putting together a team, but one of the things that has kept me from commiting is deciding how to structure it. The variations seem to be endless. Any suggestion on where to go for input on how to structure a real estate team??

Aug 30, 2009 01:57 AM