I have noticed a significant amount of discussion on LinkedIn regarding team-driven commercial real estate brokerages. As an experienced professional in the field, I would like to offer my insights on this matter.
(I would be interested in the opinions of others on the matter as well.)
My Story:
In my previous role, I was part of a sizable team. While the collective experience, knowledge, and potential for increased fee generation initially seemed advantageous,
The team has a proven track record of successfully completing numerous multi-million dollar transactions, establishing their position as a prominent market leader. This impressive history was a key factor in my decision to join the team. 🏆💰🤝
I was able to quickly establish myself in the real estate industry and achieve significant success in a short period of time. Despite being new to cold calling, I demonstrated a natural ability to connect with property owners. Within a year, I secured my first listing and subsequently closed two deals, generating a substantial amount of revenue in commissions. 🎉💰
But I soon began to question the rationale behind my decision to join. 🤔
In my second year, my performance significantly improved, resulting in a substantial increase in revenue, double that of the previous year. 🎉💰 However, this success only exacerbated my dissatisfaction with the inequitable agreement I had entered into. 😤⚖️ I approached my team members once more, seeking a more just and balanced distribution of the rewards. 🤝💸 Regrettably, my request was again deferred and ultimately rejected. 😞👎
Fortunately, my tenure there was brief. We mutually agreed that my skills would be better utilized in a different environment. This year has been my most successful in the industry to date. I have almost matched last year's revenue while exponentially growing my net income. 💰📈
I don't know if this makes me anti-team or just more aware of my worth. But either way if something doesn't feel right you have to do something about it. If I never spoke up my path wouldn't have changed and I would be continuing to make others good 😊 fee 😊 on my efforts.
Can you please share your experiences working with CRE Teams? #CRE #RealEstate #Team Splits 🏢🤝
Poverty Kid turned Real Estate Investor / Marketing Maverick
8moThis is going to be awesome!