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Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

There have been many posts written on this subject. It all depends what you want from the business and in the way of income and control.

Sep 30, 2016 02:14 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

To get bigger you have to have more bodies acting in unison. If not, it's a disaster. I think for a newbie it would be a good idea for training purposes & the fact that your day is pretty much planned out for you by other staff.

Sep 30, 2016 04:10 AM
Rainmaker
1,726,096
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It depends on the team structure.

Oct 01, 2016 12:55 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

This is a topic that deserves an entire blog, not a quick question. It comes down to how independently you wish to work.

Sep 30, 2016 10:47 PM
Rainer
213,263
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

I think it boils down to control and attitude. You lose control over your destiny, but gain support, while giving away a part of each transaction. I think you need to be able to function as a team player, which is attitude. Me-not so much. I would rather forge my own destiny.

Sep 30, 2016 09:23 PM
Ambassador
1,683,960
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Someone else provides you leads, handles all the paperwork for you, buys the marketing, buys the signs, pays for marketing, and all you have to do is work with clients, and show up at closing to get paid.  Sounds like a sweet deal for any agent who doesn't get all the pieces to make crazy amounts of money on their own.  Oh, and have a world class mega agent coaching you with your closing scripts to boot.  

Sep 30, 2016 02:16 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I really do not see a lot of advantage.  I think there are always some that do not pull their weight

Sep 30, 2016 01:44 PM
Ambassador
3,345,226
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I'm not a fan of teams.  Therefore I have no advantages to offer.  I know it takes the right people on a team to make the team work and work well.

Sep 30, 2016 12:37 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

I think it all depends on the team! It's a great way for a new agent to jump into real estate.  

Sep 30, 2016 06:16 AM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

 When done correctly, teams are career boosters for the agents.  The team owner is there to serve the team members.

The team owner incurs the financial risk of paying the monthly fixed costs, whether there is production or not.

The team member only pays for all the services and support when they get paid from a closing. That payment is in the form of the team split.

If the team member does not produce, they lose nothing. If the team member does not produce, the team owner still incurs the massive cost of supporting the non-income producing agent.

Aug 19, 2017 07:10 AM
Rainmaker
2,194,668
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I love having team members because they allow me to focus on what I do very well, and they get to focus on what they love to do. We have different jobs. Plus, the advantage to them is they don't have to hunt for business, I give it to them. But it took me a long time to find people who work well with me and together. Now I would say I have the dream team.

Oct 03, 2016 11:56 AM
Rainmaker
5,868,689
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

You always have business covered.

Oct 02, 2016 09:25 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

A team can help you when time management is an issue as well as possibly bring you additional business.  But, a team is only as effective as the weakest member.

Oct 02, 2016 12:13 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You can cover for each other at all times.

Oct 01, 2016 10:03 PM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 We are being told that several team companies only learn one part of the business because that is their job.

Oct 01, 2016 09:28 AM
Rainmaker
1,503,028
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If you're new, this could help you get your feet wet and gain some experience.  You will loose a fair share of your commission to the team though.

Oct 01, 2016 06:54 AM
Rainmaker
4,936,727
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Pro and cons on team,  I was a member of two teams over the last 18 years, one work out for a long time but in the end we split.

 

Oct 01, 2016 03:21 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I would advise a new person to join an active team to be better supervised when starting in real estate.

Sep 30, 2016 11:27 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

It depends on many factors, both objective and subjective.

Sep 30, 2016 10:34 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Debbie Reynolds nailed this one!

Sep 30, 2016 10:28 PM
Rainmaker
7,836,442
Roy Kelley
Retired - Gaithersburg, MD

Join or form a team if it will lead to a larger income.

Sep 30, 2016 09:04 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team - when you are on team, you get leads! And yes, you take lesser share - to best of my knowledge.

Sep 30, 2016 03:36 PM
Ambassador
5,230,159
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I love having a team - our buyers love having a team - someone is always available to them and we all know what is going on with a transaction. New agents have great training with the right team leader and the benefits, to me, are endless!  

Oh, not to mention, vacations are so easy when you're on a team - not just for you but, for your clients.  Theres always someone there to support the clients...always!

Sep 30, 2016 03:16 PM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

If it is structured correctly you could increase your income.

Sep 30, 2016 01:35 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Get the team's contract in writing... have an Attorney review it.

Sep 30, 2016 01:34 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A lot of young agents really need that support and guidance.

Sep 30, 2016 01:21 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ken,

There are some us who like working as as team, and some of us who don't.  When you know who you are, then do it or don't do it.  A

Sep 30, 2016 07:28 AM
Rainmaker
5,217,392
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Advantage -support!

Disadvantage- your split!

The disadvantage could be worth the education and fast start

Sep 30, 2016 07:23 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team Advantage: Team support. Disadvantage: You're always working for the team leader.

Sep 30, 2016 06:15 AM
Rainmaker
2,781,303
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

More eyes & ears for one thing. For another, a good team can do greatness

Sep 30, 2016 05:46 AM
Rainmaker
763,983
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Advantage is being able to take time off without being worried about losing business. Drawback is having someone else affecting my reputation.

Sep 30, 2016 05:18 AM