As a new RE agent and new to the area should I join a team?

Question

I am a new FL licensed real estate agent and am in the process of looking for a brokerage. I know that I need a company that offers excellent training, but what about joining a team? It seems that some brokerages push the team concept more than others. I am new to the area and know that I could use the support, but at the same time I do not really want to give up more commission. I am pretty independent and a self starter so on one hand I would like to go out alone. However, if joining a team gives me a good foundation then I am willing to give it a try. Any thoughts?

Renee Cato · Answer

When I first became licensed, I self-educated using the Mike Ferry system. It was great! I went to his events and met other agents that were from other areas and they willingly shared a ton of information with me (i.e. Listing presentations, pre-listing packets, etc.). I wasn't a threat because we were from differen states. One agent event took me to her office and showed me how to prospect. Woo-hoo. ☺️

I considered joining a team but the ones I met with wanted blood and my first born! 😳 #ThanksButNoThanks

I considered joining a team but the ones I met with wanted blood and my first born!  😳 #ThanksButNoThanks

Cameron Price · Answer

@Joy Hardin

Keep us informed. I'll be making a similar decision soon. I'm taking the license class coming up and will have to hang my license somewhere. It'll be intetesting to see what you decide.

Joy Hardin · Answer

@John Rogers

@Jeff Valentino

@Renee Cato

@Russell Brazil

@David Hunter

Thank you for the input! I really appreciate it. I will just have to think about what I really want and examine my strengths and weaknesses as well.

David Hunter · Answer

I usually always recommend newbies working with top producing agents before going at it on their own.  What better way to learn the business than to work for someone who does it for a living, and you can get paid for it!!

The turnover rate for an agent is very high, so start with the right foundation and build up from there.

Russell Brazil · Answer

@Joy Hardin Part of this will be based on what your motivation is in becoming a real estate agent.  Are you attracted to it because you want to be self employed? If that is the case then being a member of a team may not be for you, as it will be much more akin to having a job. You will have a boss, and tasks to perform.

However if your motivation is to simply make a good income, the team route can offer that quicker, as you will be piggybacking off of their reputation and in place marketing efforts.

Jeff Valentino · Answer

Hey there @Joy Hardin. What's your background? In general do you know how to prospect and generate business, present, close deals, and serve customers? If you have a background with these skills a team is less valuable IMO. You can still benefit from their systems etc, but if you have a good broker and can generate leads you would be ok on your own.

Also, if you do join a team do some research. Not just who's the biggest, splits etc. Some teams will hand you a set appointment with a buyer or seller, some will give you a list of FSBO's and a phone. Make sure their business style and philosophies match yours.

Good luck!

John Rogers · Answer

There is education available through the Associations and private training from guru's like Mike Ferry.

You must weigh whether you want to work hard then give your commissions away, or.... self-educate.

As a contractor, it's all about how much you personally bring home, so look at commission percentages and monthly/annual fees from Brokerages before you place your license.

As a new RE agent and new to the area should I join a team?

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