Real Estate Teams Pros And Cons -- How Do Real Estate Teams Work

You'll Learn:

0:00 ➢ Introduction on Brandon Talbot, 15 years of real estate experience 2nd generation realtor on the show talking about Real Estate Teams. Are they worth it? 

2:26 ➢ Brandon Big Mistakes In Real Estate.

6:15 ➢ Why would you want to join a real estate team?

• The Promise of Leads
• Accountability 
• The promise of Education and Hand Holding

8:10 ➢ But is that what is actually delivered?

• Contracts and Teams
• Contracts Are 1+ Years
• You and Your Leads Are Locked 
• Commission Split - Real Estate Teams
• Generally 50% of EVERY transaction
• Teams VS Broker

15:17 ➢ Brokers should be able to answer questions you have on contracts and issues that arise in your real estate deals. Teams say they will do the same, but you already pay your broker. Now you have to pay your broker and your team for the same answers. Is your broker not answering your questions? Time to move brokers.

19:10 ➢ How Many Leads Did You Get On Your Team

• The contract was too vague about leads and could not be enforced. Brandon got 0 leads. On a separate team, he got leads that were years old and never turned to any sales, but months of wasted time.

21:25 ➢ Guarantees and Teams

• Some teams are guaranteeing you $100,000 a year, but the fine print showed the truth. It was another Real Estate Team Scam

24:20 ➢ Are All Real Estate Teams Bad?

• Call Every Member Of The Team Off The Record And Get The Dirt
• Ask About Leads They Are Getting
• Ask, “If I leave, can I take my clients with me or are they yours forever?”
• What Kind Of Availability Will You Ha-ve For Me (If training & education is what you want)
• What Is The Commission Split?

Resources:

Note: Some of the resources below may be affiliate links, meaning I receive a commission (at no extra cost to you) if you use that link to make a purchase.

Wise Agent 

https://wiseagent.com/

Guest

Brandon Talbot

Sales Representative - Keller Williams Neighbourhood Realty, Brokerage

Website:

https://homeguy.org/

Facebook:

https://www.facebook.com/GTAHomeGuy/

Twitter:

https://twitter.com/gtahomeguy?lang=en

Instagram:

https://www.instagram.com/GTAHomeGuy/

Isaac Ocean

https://bigmistakesinrealestate.com/

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