Most successful real estate teams grew organically through the natural forces of demand and supply.

Boost Your Career By Joining A Real Estate Team

Becoming a Real Estate Agent is one of those professions that has been around for a long time and has shown no signs of losing its appeal. Maybe you are mulling over becoming a real estate agent, or perhaps you have already acquired your real estate agent license and are considering your next step. If so, then becoming a part of a Real Estate Team might be the key to your success in this profession.

Boost Your Career By Joining A Team

We are well aware that one of the primary appeals of becoming an agent is being on your own, being your own boss, and setting your own working hours. Now we are certainly not negating that; however, the real estate business is also one that has tremendous levels of competition. Most new real estate agents quit the profession within two years of joining it. This high failure rate is because most people are only aware of the appealing aspects of this profession and have failed to take into account the more challenging and demanding nature of becoming a successful real estate agent. 

In this article, we will highlight some of the key benefits of joining a team. These benefits will surely enhance your real estate career. There are many reasons to join a team.

What Exactly Is A Real Estate Team?

Boost Your Career By Joining A Real Estate Team

Most successful real estate teams grew organically through the natural forces of demand and supply. It generally starts with one agent who through sheer hard work, starts getting more prospective clients and soon finds himself unable to handle everyone adequately. Then comes the first hire, then maybe more, and soon there is an entire team of agents and support staff together under a single brand identity, catering to the growing demands of their clients.

So how exactly can you as an agent benefit from being part of a team? The following are some major advantages of joining a real estate team.

Knowledge And Skill Enhancement

The primary benefit of working as a part of a real estate team is the increment in the knowledge and skills of new agents.

You have indeed undergone hours of training to be a real estate agent. You have obtained your license after clearing the professional standard exam. However, there exists a wide gap between theoretical learning and the practical application of the same in all fields. You will see more of these challenges in the real estate sphere.

As a part of a team, you are benefiting from the years of experience. You will get to see seasoned agents closing deals and learn from them. You will have someone to mentor you, show you the ropes, and introduce you to all the people on whom this profession depends.

Hike In Leads Generation

The other prime benefit of working as a member of a real estate team is enhanced lead generation. As a sole agent, you would have to devote a considerable proportion of your working hours to generate leads. However, in a team, there is always going to be a constant supply of leads. Most real estate teams run their own real estate websites or portals. Take for instance Dorrmat, a market leader among real estate portals, which has ensured a steady pipeline of quality leads for all the registered agents on its portals. As a portal that brings together the agents, buyers, and sellers, it is really beneficial for an agent. This means that the agents can completely focus on the actual sales and purchases of homes.

Hike In Leads Generation

Stable Remuneration

Although this is not common, it is certainly not out of the ordinary to have a fixed real estate salary. In most real estate teams, the agents are independent contractors and do not earn a fixed salary. But there are few real estate teams where a fixed paycheck is offered. This could be a really good proposition for those who are just beginning their career as an agent as this would allow them to focus on their work without the constant worry of money.

Low-Cost Shared Resources

Whether it is technical resources, such as website development and maintenance, printing brochures or flyers, or access to paid software and services, the cost of all these services is usually shared by everyone in the team.

Similarly, you also get to share the administrative and support staff resources. This also helps tremendously, as the routine work like carrying out follow-up calls and other in-office responsibilities gets taken care of properly. It would be very expensive for a new real estate agent to bear all these costs individually.

Peer Learning For Real Estate Agents

There is an uptick in the speed with which a team member is absorbing and learning when he is part of a team. From handling tricky client issues to learning more about the practical aspects of zoning laws and real estate regulations, there is a lot that can be learned. Team members lean on each other, thereby enhancing everyone's knowledge. 

Peer Learning For Real Estate Agents

You may even find your own niche or real estate specialization that draws your interests. You would notice that other team members come to you when they face an issue in that particular category. So each team member has a lot to contribute and learn.

Distribution Of Group Effort

Distribution Of Group Effort

As attractive as the idea of being the master of your own time sounds, the reality is far from that for a real estate agent. Especially if you are just setting out on your career trajectory. All new agents initially struggle in juggling their time and clients. What commonly happens is that they are unable to strike a good work-life balance. It is easier said than done to wake up and have the same daily routine when you do not have anyone to report to, like one would have in the corporate W2 world.

However, being a part of a team means there are always going to be fellow team members to help you out with the workload. Someone to help you cover your responsibilities in times of illness or even on your vacation days.

Summary

After going through this article, you would have come to appreciate the multiple benefits of being a part of a successful and fast-growing real estate team. As someone who is embarking on the path of becoming a real estate agent, this would be one of the smartest decisions you would take in terms of your career progression.

Being a part of a team would also let you branch out in other aspects of the real estate business because of the wide range of exposure you would have had as a valuable member of the team. Undoubtedly, this is the perfect first step to your success as a real estate agent.