After receiving your real estate license, you may wonder how to make the most of it. Many new agents choose a brokerage, hang their license, and struggle through each day to bring in new business. If you’re not careful with your choices, you could be one of these agents, working on your own with no support system in sight. There are other options available to you, and if you choose wisely, you could experience success beyond your wildest dreams.
By joining a real estate team, you could have instant access to training, support, and even marketing assistance. Before you write off a team in favor of keeping your commissions to yourself, take a moment to think. A smaller percentage on one million dollars of closed volume is far greater than full commission on zero sales. By working with a team, you have instant success at your fingertips. Let’s break down the benefits.
The Latest Technology
If you start out on your own, the technology you use will be up to you. That might sound freeing, but you should wonder who’s going to pay for it. With a team, the process is already in place, the technology already in use, and the results indisputable. You’ll have marketing websites, proprietary software, and perhaps even the equipment itself at your disposal. Even better, there is a team of experienced professionals to help you learn to use all of it.
On your own, you would have to seek out the best marketing programs, test them, and swallow the expense. This can take a lot of time and money without a lot of return on your investment. A real estate team will have these tried and true marketing plans in place, including syndicated websites, procedures, checklists, and a cultivated audience. You’ll be able to jump right in, reaching hundreds or even thousands of potential clients right away.
Support and Training
In a team environment, individuals succeed if they work together. This means your new group will have a vested interest in seeing you make money. That means they’ll go the extra mile to make sure you’re getting all the support and training you need. This may mean extra seminars, classes, and training exercises that you’d normally have to seek out and pay for on your own. If your chosen team works with a larger brokerage that places emphasis on learning and growing, then you’ll be in a position to take away even more information and experience from your first months as an agent.
A real estate team will often have assistants and coordinators in place, too. This means you’ll have the chance to focus on what you do best-selling-and leave the organization and administration to other team members. Wouldn’t it be nice to hone your negotiation skills while someone else took the contracts from signing to close? Doesn’t it sound like a great deal to spend time seeking out clients while someone else worries about the photographs and marketing for your latest listings? These are just some of the possible benefits you’ll receive when you choose to work with a group instead of on your own. The split in commission is definitely worth the assistance you’ll receive as you get your new career off the ground.