The Solo Agent Dilemma: To Team or Not to Team? (Ep 11)

Recently, Michael shared a real estate hot take on Linkedin, which inspired today’s episode. Join us as we dive into the controversial topic of whether solo agents should consider joining a team. We’ll discuss the changing real estate landscape and the potential benefits and drawbacks of joining a team.  

With the market shifting and revenue growth slowing down for many solo agents, we discuss how joining a team can provide real cost efficiencies and share some advantages of shifting to a variable cost structure in today's environment. Is joining a team the solution to maximizing profitability and adapting to the evolving market? 

While financial considerations take center stage in this episode, Michael and Jordan also emphasize the importance of evaluating other factors beyond finances. They explore the additional advantages and considerations, such as support systems, decision-making, and operating within a team. Whether you're a solo agent or a team player, this episode will provide valuable insights into finding the right fit for your real estate business.

Here is some of what we’ll cover in this episode: 

• Solo agents and their frustration with the slow market. (2:09)
• The market environment has changed + why might someone move from working as a solo agent to working with a team? (7:11)
• Some pros and cons of being on a team vs being a solo agent. (12:26)
• Successful solo agents can negotiate favorable terms without sacrificing their individual brand when joining a team. (15:27)
• Making informed financial decisions for your personal situation. (19:04)

CONNECT:

Need help on the personal side of your finances? Work with Jordan here:
https://www.quantumplanning.com/financial-planning-for-top-producing-real-estate-professionals/

And if it's the business side where you need the most assistance, check out Michael here:
https://kilneradvantage.com/