What Are the Benefits of Joining A Real Estate Team?
Consider What You Want
Before you think about the benefits of a team, you have to consider what your goals are. What is your why? I made this awesome Goal Calculator that can help get you started.
For comparison, my goal was to grow as fast as I could and make as much money as I could. But your goals might be really different. Maybe you just want to sell five homes your first year. Conversely, maybe you want to be a top producer. Many new agents set their sights on the luxury market.
You need to get really specific about your goals. Think about what will make you happy. If you have a family, working 15-20 hour days might not be something you are willing to take on. And that’s ok. You have to do what’s best for you.
The Pros and Cons of Teams
But once you figure out your goal, then you can consider whether or not your goals align with being on a team. If you’re a cowboy or cowgirl and you want to blaze your own trail, then you probably don’t want to be on a team. Likewise if you have the skill and love to generate leads, then don’t bother with a team.
However, if you want advice and guidance (and most new agents do), then teams are a really great option. Teams allow you to specialize in certain areas of real estate and take away the daunting task of competing for listings.
Make sure you interview any teams you’re interested in and find out what they provide. Is someone on the team going to be lead generating for you? Conversely, teams will often have expectations of you. I expected my buyers agent to deliver on the Ty’s 35, for every single buyer. It was a non-negotiable.
Don’t think that being on a team is necessarily easier. If you are on a good team, it’s fantastic. They hold you accountable, they can be a great source of knowledge and they allow you to focus on your strengths.