As the saying goes, “two heads are better than one”, and as far as working in real estate goes, that is the truth. A successful agent will need to consistently market and search for new clients and a real estate service provides a structure to ensure that all the various targets are met including consistent marketing and closing.
Although most agents traditionally work alone, the team approach is rising in popularity, and for good reason: there are many benefits both for the agents and clients. Real estate teams will generally comprise a lead agent (the more experienced leader of the group), one or more buyers representatives, one or more listing representatives, a closing coordinator, and maybe a marketing coordinator (although the closing coordinator and marketing coordinator don’t necessarily have to be agents).
#1. Creates accountability
Being a part of a real estate team also creates accountability with members in regard to lead dissemination. Knowing that leads are followed up in a timely manner is very vital. A team will always find a way to track their lead origin as well to ensure their marketing budget is spent wisely, with amendments made as needed.
Providing the overall marketing and lead generation tools are the most important things a team can give its members. And the most important things an agent should do are the things that bring in money, which are to list and sell.
Unlike a single agent, real estate teams usually have a larger volume of properties, and the more listings you have, the more buyers it will generate.
#2. Support from your team members
Whenever you have a problem or question, your more experienced team members will be there to help you, which is essential for success at most things in life, not just real estate.
#3. You focus on one task
When you work as a part of a team, you get to focus on specific tasks which not only helps to improve your efficiency at delivering results, but also helps to improve your skill level and proficiency. By moving through the system, one can decide which area of the transaction they prefer the best and stick with it till they become an expert.
Choosing the right person to partner with is critical. Financially, you want to work with a top agent who gets a lot of leads. It’s also vital to select an agent who is good, patient and going to help you learn as much as you can about the business.