When I was broker in the Washington, D.C. area, I put together a team of three (plus the virtual assistants on whom I still rely). For buyers, sellers and, especially, me, the arrangement worked beautifully.
Our clients benefited from having retained three heads and three pairs of hands. We usually collaborated on showing properties to buyers, staging properties for sellers, marketing them, taking various clients under our individual wings, handling paperwork and covering for each other in all manner of circumstances–closings, illnesses, vacations and so on.
One of us knew suburban Virginia better than the others and one, Maryland. One of us developed business best, and another was especially good at detailed followup. Clients seemed to love our system of cooperation, and what made them happy made us happy.
(That I had to threaten my former business partner with a lawsuit to recover some funds when I left D.C. and moved back to the Big Apple is another story that does not bear repeating.)
So, I believe teams can be a great advantage to all concerned. But Continue reading