Are you looking to become a real estate agent this year? Or maybe you got your real estate license and you’re trying to figure out where to go from here. Whatever the case may be, working with a real estate team probably has crossed your mind. It’s important to know that working with a real estate team comes with benefits and drawbacks that you should consider before making a decision.
Continue reading to find out why working with the Kim Holland Homes Team is a great option for new and upcoming real estate agents who want to get their real estate careers started.
What is a real estate team?
Real estate teams take one of two forms. The first type of real estate team involves a real estate broker and a real estate agent who form a mentor and mentee structure as a team. This structure makes it a great option for an inexperienced real estate agent to learn from an experienced agent who knows the ins and outs of the real estate process.
Real estate teams may also take the form of the team lead model. This structure consists of a leading broker of record who hires a team of real estate agents who work together. The team lead model is one of the structures with the most real estate team benefits and is becoming more popular in real estate brokerages today.
Real estate team benefits
There are plenty of real estate team benefits that make it worthwhile to consider working with a high-performing real estate team. First, working with a real estate team often means that the other members of the team share leads and software programs to make it easier to acquire new clients.
Additionally, real estate teams help to keep agents accountable and working hard. Not everyone is great at managing their own time, so working with a real estate team provides more structure each day that helps to hold you accountable and become a top-producing real estate agent.
The last real estate team benefit is that you get ongoing support from your team through the ups and downs of being a real estate agent. Having a team to cheer you on can be helpful if you go weeks or months without selling a home.
Real estate team drawbacks
While being on a real estate team has some great benefits, there are drawbacks that you should consider. First, the commission split on a real estate team is different than if you were an independent agent. You should find a team that is transparent in their commission structure and offers the ability for the split to shift in your favor once you start producing.
The next drawback of being on a real estate team is that you may have less creative freedom than if you were an independent agent. You may need to run new ideas by your team before implementing them which can be frustrating if you want to have more creative control.
So, should you join a real estate team? You should consider the real estate team benefits and drawbacks before making a decision. However, working with a real estate team like the Kim Holland Homes Team is a great way to get your real estate career started.
For more information on how to sell my home for cash in Massapequa and to join the team, contact the Kim Holland Homes Team today.