006: The Pros and Cons of Real Estate Teams
If you’re a new real estate agent, going solo may sound like a dream, but it can have some serious pitfalls you may not have considered. And if you’re not a new realtor, chances are you’ve experienced what it’s like to be on a team and what makes a particular team a good fit. In today’s real estate world, teams can offer some advantages you haven’t considered before.
In this episode of The Art of Agency, Jonathan and Mallory are talking about the pros and cons of real estate teams. They offer some questions to ask when interviewing for a team, why your first question should never be about money, and why teams are a great way to gain accountability.
Don’t miss this episode as we list how a team could be good for your business and why going solo can harm your real estate career.
In this episode, you will hear:
The advantages of being on a real estate team versus with a brokerage
Why splits matter, what you can get out of them, and when they don’t work
Questions you should ask a team or brokerage when you interview with them and what new agents don’t ask often enough
The expense of running a team and why most people can’t do it
How developing your own personal brand can help the teams you join
The reason you shouldn’t ask about money first when interviewing to join a team
The importance of systems and processes on a team and being a coachable personality
Why networking with other real estate agents doesn’t have to lead to recruitment situations
Some examples of what’s wrong in real estate and how to avoid those mistakes
The pros of accountability while working on a team
How masterminds can help you grow and continue to get better
Why Jonathan enjoys running a team on his own and how different personality types affect how a team runs
The pros and cons of real estate team names
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