Being a real estate agent is not always easy. 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 come back to real estate 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.
Why Being On A Team May Be For You!
According to Mike Stearns of the Stearns/McGee Team, from our RE/MAX Properties office: “A team makes a great start for a new agent as they gain the expertise, contacts, name recognition from their real estate team leaders.”
It also helps the new agents out financially as the team leaders usually pay the fees for the team members. (Each team is different.)
Many agents starting out find themselves unable to pay all the bills when starting in real estate so having all or some of their fees paid for them is a huge step in the right direction. Or other young realtors want to learn as much as they can from the 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 for them to take a load off their backs starting out. If the new real estate agent succeeds on their team, they succeed too. It’s a win-win scenario.
Team leaders usually have a lot of 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 RE/MAX Team Leaders today have powerful name recognition in their communities. They have been in real estate for several years and are known throughout their areas.
Coming aboard as a new real estate agent with a team name that is recognized is a huge benefit to a new real estate agent. It can take up to 5 years to build your personal brand in real estate. Getting known from those with those “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 are 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 Your 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 on their way in their real estate careers. Being on a team really can increase your contact list exponentially and quicker 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 gives each team member 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 an advanced technology knowledge background 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 6 office local RE/MAX Offices in Northern Rhode Island:
Great way to start off the New Year…💃🏻
— RE/MAX Preferred (@REMAXNorthernRI) February 6, 2024
CONGRATULATIONS to The Top 10 Teams for January 2024! 🎉 pic.twitter.com/P6RRMk0abL
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 onboard solo or join one of our many RE/MAX teams located in Rhode Island at any of my 6 real estate offices.
I’ll be glad to have a confidential meeting with you to see if RE/MAX is for you.
