It’s not rocket science, it’s simple math: the sum of the parts are greater than the whole. This logic applies to real estate too! But, does that mean it’s a good idea to team up with other agents?
There are definite pro’s and con’s to consider, and real estate professionals who are just starting out or who are struggling to find enough hours in the day to get everything done will definitely find the idea tempting.
Reasons to consider forming a team include:
Having more clients than you can handle
Not having enough clients
Difficulty meeting deadlines
Just not enough time
A lack of important skills or experience
Pooling talents and resources can lead to greater reach and exposure.
Working with others may allow you to free up more time for things…like eating. And that thing they call “sleep”.
It can be more impressive to clients to have a group of professionals working with them.
You can designate clients to the agents best suited to their personality.
In some cases team branding can save on marketing costs.
It only takes one sour apple to ruin the bunch.
Too many cooks can spoil the meal.
Every link in the communication chain can be a potential point for miscommunication.
If things go South you could be left holding the expense of team branding.
So as you can see there are good things and bad things about teaming up. Overall the most important thing is to build your team correctly from the ground floor. Consider agents you have a good past repertoire with already. More often than not it is personal conflict coming into the business relationship that ends up turning a good team into a bad one.
If you’re ready to make the move and get your own real estate team started we are glad to help! Besides offering the best in individual agent and brokerage websites we can also create great team sites that will feature the listings of all your team members! Contact us today to find out more about how we can help your team get on the scoreboard!