eXp Realty is a great brokerage but it’s not just about the brokerage, it’s about the team you surround yourself with. While I’m a great proponent of eXp Realty, I also see the advantage of being a part of a dynamic real estate team. If you’re considering going solo in your real estate career or joining a team, here are seven reasons joining a real estate team might be beneficial to you and your career.
#1. Leads can be acquired easier.
When you work within a team, you may have access to more clients and more leads. Sharing of leads, referrals, and building a better client base is easier when you work with the team. It can be easier to become an agent for certain investors as well if you have a company or team name backing you up. Your lead generation can rapidly increase.
#2. You learn fast and develop skills quickly.
When you work closely with the real estate team you glean knowledge from highly skilled professionals and those with experience. When you join a real estate team I strongly suggest joining with a well-rounded group of individuals rather than a complete set of amateurs. Amateurs may not be able to bring to the table everything you need but having a good mix of experienced and seasoned agents, moderately seasoned agents and newbies can all bring something fresh to the table as well as experience.
#3. Your expenses may be less.
While you might have a smaller commission cut, you usually have fewer expenses. Having shared staff can reduce the cost of hiring assistants, lead generators, transaction coordinators, and careers. When everyone shares the costs, it can really cut down on your own expenses.
#4. Shared knowledge.
Just as you can develop skills quickly from the team that you join, you can also get access to a large database of shared knowledge. You can access promotional content, you may have access to web designers, useful resources, creation tools and more. The team can purchase licenses together and share software.
#5. You have the experience to create your own brand later on.
While right now you are branding the team and you are part of a larger group, you can eventually break off and then have the resources and branding behind you to start your own team. While the disadvantages may be not being able to brand yourself but the team, the advantage may come later when you decide to create your own team. You’ll have the integrity and reputation of the team you started with.
#6. Trial and error is figured out quickly.
For most team owners, it can take a while to figure things out but when everyone is working together for the same common goal, those trial and error situations can be evened out a lot faster.
#7. You can be accountable to someone.
This is a benefit and a disadvantage. As a real estate agent, you really don’t have to be accountable to anyone. You can do your own thing, start your own brokerage, and be on your own. But, the advantage is that you don’t have to be on your own, you don’t have to do this by yourself, and others are keeping you accountable. There’s a lot of people that like to work in either of those two situations but for those that want a little handholding and the support of a team around them, a real estate team is really ideal.
Knowing when it’s better to work alone.
While joining a real estate team is a benefit all around, there are some times where you need to realize you are better on your own. Starting with the team may be a great way to get your feet wet in real estate, start building your career, and then launch your own team or solo career later on. However, most of the time when you leave a team, you may not be able to take any of your contacts with you so that is something to keep in mind.
If you’d like more information about joining a real estate team with eXp Realty to gain the resources, support, and experience of other team members, contact my office at any time.
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