Question Details

Eleanor Sams…, Real Estate Pro in Valley Stream, NY

Will the new model of forming real estate teams replace individual agents?

Asked by Eleanor Sams-Hurdle, Valley Stream, NY Sat Nov 24, 2012

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5
After being on my own for several years I can see the advantages of working within a team environment in today's market. I think I would enjoy working within a diverse team of professionals with each member specializing in a specific area of real estate. We all have strengths and weaknesses and paring up members that offset the weaknesses of each member would no doubt be a powerful and profit generating group.

This stratagy of paring works well as I experienced this while working as an office operations manager for an automotive manufacturing company years ago. The start up company became a multimillion dollar company in less than a year.

My goal is to work smarter and apply what I know. Teams who are excelling in the industry know of this strategy. Unfortunately, in my neck of the woods I haven't located a team or individuals who understand that change is good and can be profitable. Thanks for the post.
1 vote Thank Flag Link Fri Nov 30, 2012
You are just crushing the questions Eleanor! I love it!

We have a team and we love it. There are 9 of us total. One agent loves open houses, so she covers them every weekend for us. Another agent does websites, so he helps us all out there. Another is a professional photographer that takes all of our pictures, both listing and personal.

I can't imagine doing with without my team.
1 vote Thank Flag Link Sun Nov 25, 2012
I can't wait to see all the responses from this question. I have often wondered what I could accomplish if I had a team. Do you feel that Buyers and Seller have an overall preference?
Flag Sun Nov 25, 2012
Hi Eleanor,
I don't believe that real estate agent teams will replace individuals selling real estate as numerous agents are very successful working alone and have their systems in place but teams sometimes have advantages over a single agent.

Agents can pool their various skills to create an effective and efficient well run team which sometimes benefits them on listing presentations. It also may help the team be more productive as each agent can perform the duties that they excel at leaving the other members of the team to perform the other responsibilities.

The old adage "two heads are better than one" applies here in some seller's eyes.

Best wishes to you!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Mon Nov 26, 2012
Maybe..and that would be nice to see. I think brokerages are the first to see change with Realtors joining together to form cooperative agencies without the commission split model.
0 votes Thank Flag Link Sun Nov 25, 2012
Real estate is all about interaction of another. Someone give you a lead you follow up. You help her to farm or pay for marketing etc.

One of the most successful realtor worked alone for years. He could close 20+ deals a year.

As soon as he realized a team makes his presence more visible he is a team leader. Yes, his team makes 7 figures a year (CA).
0 votes Thank Flag Link Sun Nov 25, 2012
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