Just Starting – Should you Join a Team?
A common question among new real estate agents is whether they should join a team. The answer is not straightforward, as the quality of the team plays a crucial role. If the team is ineffective and only benefits the team leader, it may be better to work independently. However, if you struggle with discipline, being part of a team could help you stay motivated.
In this discussion, we will explore the pros and cons of joining a team and address the critical question that can impact your chances of being hired.
Hello, it’s Jeff Chubb. As a former RE/MAX and eXp agent now partnered with REAL, I’m here to share my experiences and offer assistance in a confidential manner.
Now, let’s talk about the decision to join a team or work solo.
For new agents, joining a team can significantly enhance their success rate in an industry where many agents fail within two years. Real estate is a challenging field, and being part of a team can provide the support and resources necessary for survival.
However, the key is to choose the right team. Avoid teams that solely benefit the team leader and instead look for teams that offer value and support to their agents.
Different types of teams exist, from large mega teams to smaller husband and wife teams. Each has its advantages and disadvantages. Mega teams offer resources and accountability but may charge higher fees. On the other hand, smaller teams may offer more flexibility but lack resources and training.
The ideal team is one that provides support, accountability, and a sense of community while helping agents succeed in the industry. This type of team fosters a positive culture and can be a beneficial environment for new agents.
While joining a team can increase your chances of success, it comes at a cost in terms of commission. Teams may take a percentage of your earnings, but in return, they provide support, leads, and training, minimizing your monthly expenses.
Ultimately, the decision to join a team or work independently depends on your goals and preferences. Both options have their advantages, but joining a team can offer new agents a greater chance of success in the competitive real estate industry.
If you’re considering joining a team or exploring opportunities at Real Broker, feel free to reach out to me for guidance and recommendations.
For further inquiries, you can contact me at 617-775-7687. Thank you for your time, and until next time!