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What Mary Yonkers said - in spades!
Very carefully. So important to choose wisely; then have signed contract.
Tony and Suzanne Marri...
I'd say hire motivated people, who are not copies of you. Look for people who have skills you lack.
Trial and error- My team consists of lenders, title companies, inspectors, etc- essentially people that I know do their jobs without me babysitting!
Good morning Sid. When building a team, I would make sure they were independent thinkers and totally committed to your vision.
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.
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.
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.
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.
Make a list of what you want then create questions to determine if they will meet your criteria.
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.
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.
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.
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
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.