Should You Work with a Team or as a Solo Agent?

by Jeff Minter

Congratulations on becoming a Realtor! You have some decisions to make, one of which is whether you should join a team or work as a solo agent. Both have their benefits, so let's look at them.

As a solo agent, you have a higher upside on your income as commission splits are usually better for solo agents. However, being on a team may help you generate more leads in that crucial first year, resulting in more closings and higher income even with a lower commission split.

As a solo agent, you will be responsible for all your business expenses, but as a team member, you may see things like lead generation fees and marketing expenses covered.

You will need to work within the team's philosophy as a team member, while as a solo agent you can run your business however you like as long as it is legal and ethical, making it a better option for those who like to do things their own way.

As a solo agent, you may be one of hundreds of agents in your brokerage, limiting your access to support. As a team member, you will likely be one of only five or fifteen, thus having closer access to support during that first year. Additionally, you will be tied to a team leader who is motivated by your success.

Wherever you land and whether it's team or solo just make sure that the environment and culture is a fit for you and that you can be confident you're going to have all the support you need to have a fantastic first year in real estate.

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IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

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+1(608) 219-1232 contact@theminterteam.com

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