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Updated almost 2 years ago,
Should you go Solo or join a Team
As a new real estate agent, deciding whether to join a team or go solo can be a difficult decision. Here are some pros and cons of each option to help you make an informed decision:
Joining a team:
Pros:
- Access to mentorship and support from experienced agents
- Opportunity to learn from others and gain industry knowledge
- Potential to receive leads from team members
- Established systems and processes to help you get started
Cons:
- Lower commission splits than going solo
- Less control over your schedule and workload
- Potential for competition with other team members
- May not align with your personal business goals or style
Going solo:
Pros:
- Greater control over your schedule and workload
- Ability to set your own commission splits
- More flexibility in choosing your own branding and marketing strategies
- Opportunity to develop your own personal business style
Cons:
- No access to team support or mentorship
- May take longer to build up a client base and establish yourself in the industry
- Higher risk of making mistakes without guidance from experienced agents
- May require more time and resources to establish your own systems and processes
Ultimately, the decision to join a team or go solo depends on your personal preferences and goals. If you are looking for guidance and support as you start your career, joining a team may be a good option. However, if you prefer more autonomy and control over your business, going solo may be a better fit. It's important to carefully consider both options and choose the one that aligns with your personal and professional goals.