Sid (240)764-5347 Hameed, Military Relocation+Investors+REO Bank+Fix&Flip (Brickfront Properties)

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Rainmaker
3,064,103
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Mary Yonkers said - in spades!

Dec 27, 2015 10:36 PM
Rainmaker
1,230,387
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Very carefully.  So important to choose wisely; then have signed contract.

Dec 27, 2015 09:56 AM
Rainmaker
1,296,452
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'd say hire motivated people, who are not copies of you.  Look for people who have skills you lack.

Dec 27, 2015 03:03 AM
Rainmaker
432,474
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Trial and error- My team consists of lenders, title companies, inspectors, etc- essentially people that I know do their jobs without me babysitting!

Dec 28, 2015 12:11 AM
Rainmaker
2,327,374
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sid. When building a team, I would make sure they were independent thinkers and totally committed to your vision.

Dec 27, 2015 05:50 PM
Ambassador
2,758,931
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning said. No pat answer. Everybody always looks their best on paper and during the interview. I usually give people 90 days. If they don't work out I ask them to find their happiness elsewhere.

Dec 27, 2015 05:47 PM
Rainmaker
212,605
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

My philosophy is to hire people that think lik an entrepreneur, with that mindset they will push themselves and bring good ideas to you. Just be sure to keep them growing and in the company culuture otherwise they will want to go off on their own.

Dec 27, 2015 12:42 PM
Ambassador
3,985,028
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Teams need leadership and guidance so first you have to be a good leader. Then hire to the areas of expertise that you are lacking and build from there.

Dec 27, 2015 11:20 AM
Ambassador
3,694,579
Patricia Kennedy
Redfin - Washington, DC
Home in the Capital

Sid, the team business model doesn't work for a lot of agents - or their clients.  So for me, creating any sort of team is not going to happen.

Dec 27, 2015 09:31 AM
Rainmaker
2,407,661
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Make a list of what you want then create questions to determine if they will meet your criteria.

Dec 27, 2015 08:43 AM
Rainmaker
5,772,225
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I found that working in an office with many agents made it easier to recruit team members. You need to identify those who will provide the needed services and you must be their rainmaker. If you can't provide high quality prospects, it is difficult to retain team members.

Dec 27, 2015 07:40 AM
Ambassador
4,658,977
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

A very large and important question, and here I only have a tiny box to type in.

Lots of great resources out there on this topic, read some of the KW books, along with others, and even do a search on AR for this topic.

Prepare to spend a few days reading all of the material, and I wish you all the best in 2016 as you build and grow an impressive team Sid.

Dec 27, 2015 06:59 AM
Rainmaker
220,284
LuxurySoCalRealty Compass San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Each person is different.  I've tried for two past years having many junior members trying to teach them to be like me spending thousands on leads for them and I've barely broken even on my endeavors.  Therefore I head into 2016 with my fiance who helps with driving and whatever else I dictate and one very independent buyers agent.  She has over $3M in escrow right now with a $1.75M listing coming up so very huge asset.  Next will be to hire an assistant that is an employee.  I think I wanted to be like Barbara Corcoran and find my Carrie Chiang but I lose more from distraction at this stage than I gain seeking.

Dec 27, 2015 06:58 AM
Rainmaker
4,819,849
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

To answer that question completely, I would recommend reading two fabulous books by Jim Collins.  Good to Great and Built to Last.  We have built a great team by to quote Mr. Collins, getting the right people on the bus in the right seats", and my favorite quote, good is the enemy of the great.  A

Dec 27, 2015 05:16 AM
Rainer
90,455
Val Evans
Scottsdale, AZ

Best environment... generate more leads than they can handle. There are tons of videos on YouTube on hiring the right people for your real estate business. The owner of this site spells it out quite clearly.

Dec 27, 2015 03:39 AM