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Rainmaker
1,297,712
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

True.  I think it makes people sound bigger than they are.  My team is my broker and my office manager, plus my title and escrow and lender.  They all pull their weight.

Mar 10, 2016 03:40 AM
Rainer
407,393
DEANNA EARLY - - ( NMLS # 268590 )
American National Bank & Trust - Smith Mountain Lake, VA
Highest Ranked Mortgage Loan Originator Virginia

Good question.  I hate to say it but as a Lender, sometimes "team" operations can be difficult to deal with because like other teams; it is only as good as its weakest link.  When I need something and the broker is unavailable, the lead agent is out of town , the backup agent has a family issue, the newbie won't call me back and the desk agent is clueless;  it causes a problem for me and unnecessary delays for THEIR client.  A weak team damages EVERYONE involved in the transaction.

Are YOU the weak link on your team ?   If so, step it up.  YOU have the power to change YOUR reputation through performance !

Mar 10, 2016 03:39 AM
Rainmaker
3,412,786
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Do npot get me started.

Mar 10, 2016 04:28 AM
Rainmaker
800,741
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yep! And don't forget: "Does all the work for top producer, gets a few hundred per deal and no recognition or advancement, leaves to work solo, taking TP's clients (being their POC thru entire deal) with them." :)

Mar 10, 2016 03:41 AM
Rainmaker
4,832,807
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jack,

The wrong people on the team.  The one who does 99% of the work plays hero ball, and doesn't let other do their work because no doubt he micromanages...or he has the wrong people on the team and does not have the guts to fire them.  A

Mar 10, 2016 03:41 AM
Rainmaker
3,448,020
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Your guess is as good as mine. I will admit that two of my most difficult sales last year were on listings where a buyer's agent on a big team brought me buyers.

Mar 10, 2016 06:09 AM
Rainmaker
4,432,826
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the chuckle. It depends on the team members.

Mar 10, 2016 05:18 AM
Rainmaker
1,403,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jack Lewitz I believe one issue with teams is the team leader takes all the bows and takes all of the credit. Other team members feel slighted and soon leave.

Mar 10, 2016 05:01 AM
Ambassador
4,209,979
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

It depends on the who's on the team. The wrong people, and the wrong structure, and the team will fail. I know a number of very successful teams

Mar 10, 2016 03:58 AM
Ambassador
4,670,400
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It takes a strong leader to make them work, they cannot be equal partners.

I still remember all the group projects in college that had all the players in your graphic.  Fortunately those were all short term irritations.

A good leader will however delegate tasks to the correct member and make sure all of the tasks are completed on time and up to the required standards.

 

Mar 10, 2016 04:47 PM
Ambassador
3,985,078
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Lack of leadership would be my answer and having people in the wrong spots for their strengths and talents.

Mar 10, 2016 11:06 AM
Rainmaker
2,410,675
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

When everyone works together you get much more done.

Mar 10, 2016 10:56 AM
Rainmaker
220,284
LuxurySoCalRealty Compass San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

well I think some team leaders get overly confident about conquering the real estate world and becoming a behemoth.  Only very few of us have the leadership skills to manage 10+ team members different personalities and needs.  

Mar 10, 2016 10:33 AM
Ambassador
1,208,009
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Oh please.  Our team is a huge part of the reason we are successful.  If you don't get it, that's okay, but don't knock it until you've tried it.  

Mar 10, 2016 10:30 AM
Rainmaker
140,418
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

If the head of the team is a true leader, then it might work.  I'm just not a team player, so it wouldn't work for me.  I've seen a few teams that really clean up though.

Mar 10, 2016 06:46 AM
Rainmaker
1,728,017
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

My current "Team" is myself and two office assistants. No hassles, I'm the only licensed Realtor/Broker and they know exactly what they have to do to generate income. Years ago I had a female "partner" and it worked good when working with couples so no one felt threatened but I did 90% of the work.

Mar 10, 2016 05:38 AM
Ambassador
1,706,647
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes but those guys had fun.

Mar 10, 2016 05:01 AM
Rainmaker
281,718
Nancy Robinson Ranked #6 in MI
Century 21 Town and Country - Royal Oak, MI
#11 Century21 Realtor in the US, #16 in the World

IMO 

Teams are popular as a young in the buisness  person can make some early money,,,, and the  team leader  only has to pay an advertising bill. 

Mar 10, 2016 05:00 AM
Rainmaker
1,506,406
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

lol, Jack, this is a great find! I'd love to be on the team like that doing nothing and still get paid, where to find it? I'd sign for as many as I can. The teams I was on, I was the middle 99%.

Mar 10, 2016 04:36 AM
Ambassador
919,659
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

I think most teams are set up wrong in real estate.  I see many talented agents with a lot of potential get hooked on the drug of 'free business' from their team lead --- buyer leads that allow them to be comfortable, but fail to help them reach their potential.  That said, in the right situation, a team can take things to a higher level than an individual can.  In the mortgage world, I NEED a good team to run a good business.

Mar 10, 2016 03:59 AM
Rainer
32,757
Leanne Carpenter
RE/MAX Realty Professionals - Mobile, AL

That is so true and so funny at the same time.

Mar 12, 2016 06:42 AM
Rainmaker
4,322,651
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The idea sounds like a good, until the work isn't getting done.

Mar 12, 2016 12:01 AM
Rainmaker
5,785,479
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Makling more money is the incentive.

Mar 10, 2016 08:31 PM
Rainmaker
634,116
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

My team pulls their weight. They wouldn't last if they didn't. I'm a power-performer so I don't expect everyone to work as fast as I do but I do require that they perform.

Mar 10, 2016 06:14 PM
Rainmaker
2,329,861
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Jack. I have two full time assistants, that allow me to be the rainmaker and they make sure all my files are moving toward closing.

Mar 10, 2016 05:36 PM
Rainmaker
3,628,455
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Stuff happens.

Mar 10, 2016 05:33 PM
Ambassador
3,260,021
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Sounds familiar

Mar 10, 2016 03:12 PM
Ambassador
2,949,008
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Actually in my market most seem to be working out

Mar 10, 2016 02:18 PM
Rainer
307,160
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Interesting replies.  I'm solo, except my newbie hubby.  

Mar 10, 2016 01:03 PM
Ambassador
2,203,561
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I think teams are a great idea, but watch who you team up with. I don't want to be sharing some of the ways I do business and then have a team member take off and go out on their own with my information. So I'm not a member of a team. 

Mar 10, 2016 12:00 PM
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This is why I work alone!

Mar 10, 2016 10:19 AM
Ambassador
3,159,757
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I don't know.  I just won a listing over the largest team in my area.  The client didn't want to work with multiple points of contact. 

Mar 10, 2016 08:46 AM
Rainmaker
812,775
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

For the same reason so many who sleep under a roof decide they would be good at real estate. Real information is not accessible to them in the places they are looking.

The prophet of doom has not been enlightened to expose the team trap. Are you hearing the 'voice' to proclaim the truth?

After all the club rules makes that really hard, perhaps dangerous, to do. After all, they are now a part of the FAILURE SYSTEM.

Mar 10, 2016 08:14 AM
Rainer
212,835
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

Back in the day, I did work with a team, but each person's vision was different. Now, I work alone, and am happy as a team of one. Things get done the way it should be done. My standards are way to high to hire anyone to work with, which is just great for me.  Now I just have to worry about my outside team of customers, agents, title companies and lawyers. But they find out my rules of professionalizm early and get on board quickly. They are my friends only after the business is done.

Mar 10, 2016 07:16 AM