Agent

Podcast: Should you build a real estate team? (part 2)

The answer depends on your market, goals and profit potential
  • Teams operate at different levels depending on their size.
  • One transaction coordinator should be able to handle up to 30 active files at once.
  • Bend your systems to result in the most profit, and recognize what's going on in your own business.

Real estate teams are hot right now — every major franchise, every industry publication is pushing them like crazy, but few tell you the details of what building a team really involves. And nobody’s talking about the best way to do it.

Should you build a team, and how do you get started?

Despite the hype, teams have been around for 30 years in the industry, and with the exception of modern conveniences like customer relationship management (CRM) systems and mobile technology that boost your efficiency, the underlying dynamics of real estate team-building remain virtually the same now as they were then.

Teams aren’t new, so don’t jump on the bandwagon just because somebody tells you to.

In case you missed part one, today we’re continuing our discussion of major benefits and drawbacks of building a real estate team, and how to do it efficiently and cost-effectively.

6 ways empowered agents embrace disruption to drive success
Using technology to generate leads and win listings READ MORE

Create a top-producing team without breaking the bank in the process.

 

Subscribe to Tim and Julie Harris’ podcast on iTunes or follow us online at realestatecoachingradio.com.

Tim and Julie Harris have over 20 years’ experience in real estate. Learn more about their real estate coaching and training programs at timandjulieharris.com, or request more information about their programs at joinharris.com.

Email Tim Harris.