Growth and development are two of the main selling points when most people chose real estate for their career. With the ability to reach new heights, either on your own or with the company you work for, realtors often find themselves holding many roles within a few years time. For many, the opportunity to hire your own team is one of the most exciting times. Finding like-minded people who share your values can be extremely rewarding. Here are some tips for creating a team of people who will help further your passion and make every day enjoyable.
Make a Plan
When you’re developing a team that will work under you, knowing who you want and which roles you want to fill is crucial. The best place to start is by setting your budget and financial goals. Once you know your projected revenue, you can decide which hires you will need and if you have money to spare. As you will oversee the entire team, delegating most of the day to day responsibilities should take place. Laying out these roles can help you see how many people you’ll need and what their qualifications should include.
Once you know the types of roles you need to fill, setting standards for each role will need to take place. This includes, qualifications, experience, skills, and more. While some roles, like marketing, might not require previous real estate experience, you will want someone such as a listing agent to have prior knowledge of the business. Though it may sounds obvious, but liking the people that you hire is important. When you’re in charge of an entire group, you have to be able to effectively collaborate daily. Extensive interviews are key when formulating a new team. You’ll want to really get to know the kind of people they are before signing them on. Make sure to do more than one round of interviews and check all references that are available.
Once you have your dream team assembled, it is vital that you all get on the same page. As the team leader, you hold one of the most important powers, and that is setting the bar for your team. In the initial meetings and trainings, making your expectations as clear as possible is vital. Everything from attendance to client interactions should be covered. Of course, no one should expect every member of your team to act the same way as you. However, there should be a concise nature throughout the group, which ultimately falls on you as the leader, to set the standard.