I am a new agent( 2 months ) and I have been asked by other agents to team up with them. Details of the arrangement are scarce. Any things that I should be aware of concerning the team thing? TIA

You need details. I would want to know what type of team they are looking at. If you get a listing and they do nothing to help you list or sell it do they still want some of the commission? I think that if done right and with compatiable people, teaming up can be a very benifical thing to do, but it can also back fire and alot of people could get..... well they will not have a great carreer, if you get the idea. Talk to them all and ask a bunch of questions. My two would be "why do they want to team up" and " why with me". after that if it seems like it would work out for you, get all the details, WRITE A CONTRACT WITH ALL THE DETAILS, and go for it. Good luck


Amanda

I am teamed with someone but we came to the same conclusion while we were both new. It works well for us. I have skills he does not and vica versa. we do everything 50/50, work and expenses. the thing is we are older and do like to travel so we cover for each other and watch each other's back. In this business it is nice to know there is someone you can trust. But you have to be really compatable.

Teaming up is an excellent idea. Especially if you like the following:

1) Wondering why your income just dropped.
2) Wondering why your partner is contributing less than you.
3) Wondering why your partner wants to spend so much money on useless advertising.
4) Wondering why your partner is so damn cheap and won't spend money on advertising.
5) Wondering why you have 8 sales in the last 3 months and your partner only has 1, and it's on the rocks.
6) Wondering why your partner told the client (X) when you specifically said (not X) was the case.
7) Wondering why your partner has had the flu for 3 weeks.
8) Wondering why your partner doesn't understand that you can't work when you're sick.
9) Wondering why your partner's stupid kids demand so much of her time.
10) Wondering why your partner won't understand that it is a critical time for your son who has ADD and is changing his meds and needs more attention right now.

And oh yes, there will be blood...

ok, that completely made my day, thanks for the laughs....

I think a team can be very effective, depending upon what your situation is like and what your needs are, what you are looking for.

I wanted to join a team at one point, but then realized that I was just being lazy and feared cold calling and finally figured out that if I did all the things I should have been doing/wanted to do....I could accomplish my goals. It might take longer, maybe the leads that one might get from a team might not be there for you right away, but if you use all the avenues available to you and work at it, those leads that would have been provided by the team- you'll get your own- and maybe even more.

What works for some doesn't work for all. To each their own.

Good luck with your decision!

That's priceless Nav!
Partnerships seldom work. I formed one in the early 90's (another business) and splitting up was worse than my divorce.

Thanks for all the help! Very good advice.

I disagree!!!
My daughter joined a high-powered team last year after getting her brokers license. She was a cosmetologist/beautician before. Last week she bought a $500k house as a rookie.
Not all teams suck. Do your homework before signing up.