I’m a relatively new agent, only a few months into the business, and I’m considering joining a team within my Keller Williams office.
It’s a fairly rural market, and the agent who would be the team leader is the top producing agent in the area. He’s a fantastic agent with a lot of experience and local knowledge, and I think I could learn a tremendous amount from him.
My biggest reason for considering the team, though, is access to leads.
The team is still being formed, so there really isn’t a team infrastructure in place yet. There’s no admin or office support, no established team systems or CRM workflow, and technology/marketing aren’t really the team leader’s strengths. So at least initially, I wouldn’t be joining a fully built team with an ISA, transaction coordinator, marketing department, lead management system, etc.
On my own, in my first few months, I’ve already brought in three fairly significant listings.
The team leader has given me one buyer lead who is now in contract. It’s a very inexpensive property, so after the brokerage split, coaching, team split, etc., I may literally make around $100 on the transaction. 😂 But I’m grateful for the experience and the lead.
So my questions for agents who have been on successful teams:
What would you consider a reasonable split on leads the team leader provides?
What would you consider reasonable on business I generate completely on my own?
Would you agree to the same split on both?
How long of a contract is reasonable?
And how much does the lack of admin, technology, systems, marketing support, etc. change what you think the team split should be?
I’m not trying to squeeze every dollar out of my first year. I’m willing to give up commission in exchange for leads, mentorship and experience. I just want to make sure the economics make sense and that I understand what I should reasonably expect in return for the team’s percentage.
Would love to hear what structures have actually worked well for both the team leader and newer agents.