Being a real estate agent is not always easy. That’s where starting on a real estate team can help you.
Many people think it’s easy to get your license and work whenever you want. But did you know 87% of all new real estate agents will quit within their first 5 years?
Some of these real estate agents will return to the field better prepared. Many of them will come back to join a real estate team.
They realized flying solo was not for them and would prefer the safety net of joining a real estate team like those at our REMAX offices.
Why Being On A Team May Be For You
According to Mike Stearns of the Stearns/McGee Team, from our RE/AX Properties office: “A team makes a great start for a new agent as they gain the expertise, contacts, and name recognition from their real estate team leaders.”
It also helps new agents financially, as team leaders usually pay the fees for team members. (Each team is different.)
Many agents starting out find themselves unable to pay all the bills, so having some or all of their fees paid for them is a huge step in the right direction. Or other young realtors want to learn as much as possible from more experienced realtors in their field.
Mentoring From A Team Leader
One of the top benefits a new real estate agent gets by being on a team today is the mentoring from the leader. Real estate team leaders invest in their team agents. That means they want them to succeed!
However, they are paying the fees so they can take a load off their backs as they start out. If the new real estate agent succeeds on their team, they succeed too. It’s a win-win scenario.
Team leaders usually have extensive experience and can share their expertise with their team members. Even some of the more seasoned team members can help out new agents along the way. In today’s economic times, it’s harder for those searching for a home to find an affordable home.
Experienced agents know how to help buyers find ways to afford the home they want. These agents can help the newer real estate agents along the way.
Name Recognition from Real Estate Team Leaders
Many of the REMAX Team Leaders today have powerful name recognition in their communities.
- They have been in real estate for several years and are well known in their area.
- Coming aboard as a new real estate agent with a recognized team name is a huge benefit.
- It can take up to 5 years to build your personal brand in real estate.
- Getting known by those with “big” brand names can help you grow your own brand faster.
- When you meet new people, and they know who you know, it can make a world of difference!
- It’s all who you know, as they say!
Get Great Real Estate Team Photos
Be sure to show off your team with a great photo. Having your real estate team photos updated as your team changes is important.
If you can, hire a professional to take the photos for you. A well-planned team photo will work for your team.
Not only that, but get one for yourself as well to brand your name and photo out in the community.
Contacts to Get You Started in Real Estate
In addition to the name recognition from real estate team leaders, they also have a huge list of contacts. Being in the business for many years, one does generate a long list of contacts.
Leaders are eager to give some of these to their new recruits to get them started in their real estate careers. Being on a team can exponentially increase your contact list and do so more quickly than flying solo.
Brainstorming With Others On Your Team
When you are on a real estate team, you can often brainstorm with others. This is very helpful to everyone involved, as it provides each team member with ideas and advice. Leaders can also learn from new real estate agents – such as the new obstacles that they are facing out in the field.
Many new agents come with advanced technical knowledge and can also teach their leaders about the latest technology trends in real estate.
So, this brainstorming is a two-way street for both the new real estate agents and the new team leaders. Another win-win scenario for all!
Older Agents Benefit From A Real Estate Team
It’s not only the new agents that benefit from working on a real estate team. Some older agents want to work less as they are gearing up for retirement. Therefore, being part of a team gives them more flexibility to do just that.
Here are the latest top teams from our 5 local REMAX Offices in Northern Rhode Island:
Contact Me Today To Get Started On A Real Estate Team
So, if you are looking to start out in real estate today, contact me for a confidential call or meeting.
You can, of course, come on board solo or join one of our many REMAX teams located in Rhode Island at any of my 5 real estate offices.
I’d be glad to have a confidential meeting with you to see whether REMAX is right for you.
Frequently Asked Questions About Joining a Rhode Island Real Estate Team
A real estate team is a group of professionals who share resources, responsibilities, and support while serving buyers and sellers. Depending on the brokerage, team members may receive guidance from experienced agents, coaching, administrative help, and access to shared systems.
A team can give a new agent structure during the early stages of a real estate career. Mentorship, coaching, and administrative support can help you learn daily processes, improve client service, and spend more time building relationships and generating business.
Most REMAX teams pair new agents with a mentor, give scripts, set up role-play, and offer ride-along or shadow days. Many run open house rotations, provide team leads, and supply a dialer, listing templates, and marketing packs. You learn faster, you talk to more clients, and you build confidence with real reps.
Teams may provide online leads, sign calls, open house traffic, sphere programs, or farming lists. Routing varies by team. Some use round-robin, some use performance-based rules, and some assign by niche or zip code. Ask how many leads per agent, what the response standards are, and who owns the client long-term.
Yes, in most cases. Many REMAX teams run weekly training, script drills, contract classes, MLS workshops, and buyer or listing presentations. Mentorship can be one-on-one, pod-based, or deal-by-deal.
Experienced agents may benefit from added administrative support, coaching, and a collaborative office environment. These resources can help agents improve their systems, manage a growing business, and stay focused on clients and sales activity.
