{"id":3556,"date":"2008-07-30T08:00:53","date_gmt":"2008-07-30T15:00:53","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3556"},"modified":"2008-07-30T07:58:34","modified_gmt":"2008-07-30T14:58:34","slug":"the-new-real-estate-model-part-2-super-teams","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3556\/the-new-real-estate-model-part-2-super-teams\/","title":{"rendered":"The New Real Estate Model – Part 2: Super Teams"},"content":{"rendered":"

In Part 1<\/a>, I discussed the concept of Disbrokeration; some of its causes and effects. When I originally wrote about Disbrokeration<\/a> I thought I had a pretty good idea what the next iteration of the industry would be: Super Teams.\u00a0 This type of development is not new and successful Super Teams abound right now.\u00a0 For me it seemed the logical next step in a 2.0 world where the Brokers have lost a great deal of their function.\u00a0 Having said that, I see some flaws with Super Teams.\u00a0 Especially in their ability to transcend a relatively common problem faced by many self-employed entrepreneurs.\u00a0 My purpose here is to discover a model that will not just work, but work for the majority.\u00a0 Let\u2019s look at the pros and cons of the Super Teams and in Part 3 of this three-part series, I will share a model that I think may best serve the future of our industry.<\/p>\n

Basic Real Estate Teams<\/strong>
\nAgents may have more than one reason to create a team in real estate. Some may do so for geographical reasons, some may do so to create multiple streams of income.\u00a0 It can even be done simply for social reasons.\u00a0 But the primary reason to create a team is economies of scale<\/em>.\u00a0 Simply put, a well managed team can be more efficient through intelligent design and effective division of labor.<\/p>\n

Gary Keller<\/a>, in arguably the best book ever written for real estate success: The Millionaire Real Estate Agent<\/a>, discusses the team concept as a matter of course.\u00a0 It is simply a requirement<\/em> for reaching the millionaire level.\u00a0 This is due to the economy of scale mentioned earlier.\u00a0 Mr. Keller\u2019s point is that one person alone cannot see enough clients, list enough homes and work with enough buyers to achieve a million dollars in income.\u00a0 One simply cannot carry the work load necessary for such a goal.<\/p>\n

Others have written on the benefits in creating teams.\u00a0 Mike Farmer looked at it from the perspective of geographical and technological symbiosis<\/a> rather than a purely profit driven necessity.\u00a0 I think I do Mr. Farmer no disservice when I summarize Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In Part 1, I discussed the concept of Disbrokeration; some of its causes and effects. When I originally wrote about Disbrokeration I thought I had a pretty good idea what the next iteration of the industry would be: Super Teams.\u00a0 This type of development is not new and successful Super Teams abound right now.\u00a0 For […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,5],"tags":[],"class_list":{"0":"post-3556","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3535,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3535\/the-new-real-estate-model-part-1-disbrokeration\/","url_meta":{"origin":3556,"position":0},"title":"The New Real Estate Model – Part 1: Disbrokeration","author":"Sean Purcell","date":"July 28, 2008","format":false,"excerpt":"Ch-Ch-Ch-Changes The Real Estate industry is going through some pretty rapid changes lately. We have everything from Apple\u2019s iPhone to Zillow\u2019s Zestimates. There is a lot of conflict too. Your local Board of Realtors is most likely still trying to throw a fence around listing information, while a wired world\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2737,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2737\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-23\/","url_meta":{"origin":3556,"position":1},"title":"The Odysseus Medal competition — Voting for the People’s Choice Award is open","author":"Greg Swann","date":"March 9, 2008","format":false,"excerpt":"My take is that the most important news this week was Zillow.com's announcement that it will be doing background checks on the loan originators it will be referring to consumers as a part of its forthcoming mortgage product. In consequence, this week's short list is all about Zillow's announcement and\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3617,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3617\/the-new-real-estate-model-part-3\/","url_meta":{"origin":3556,"position":2},"title":"The New Real Estate Model – Part 3.1: The Solution","author":"Sean Purcell","date":"August 4, 2008","format":false,"excerpt":"This final post (Part 3) grew rather lengthy.\u00a0 Considering the fact this has already stretched into a three-part series, I chose to extend the series to five rather than attempt a conclusion of\u00a0 somnolent proportions.\u00a0 If brevity is the soul of wit, creating a new model for real estate is\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3848,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3848\/unchained-speakers-ribak-and-brady-on-homegain-ask-the-experts\/","url_meta":{"origin":3556,"position":3},"title":"Unchained Speakers, Ribak and Brady, on HomeGain “Ask The Experts”","author":"Brian Brady","date":"August 11, 2008","format":false,"excerpt":"Mitch Ribak spoke to the Barrys on Real Estate Radio USA last Friday.\u00a0 Mitch started as an agent in 2001, opened Tropical Realty in 2005, and has grown his business to close 180 transactions, during the first six months of 2008,\u00a0 in a down real estate market. Mitch looks for\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":672,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/672\/model-realtors-will-real-estate-sell-for-higher-prices-in-the-company-of-a-stunningly-beautiful-super-model-and-what-should-you-do-about-the-drool\/","url_meta":{"origin":3556,"position":4},"title":"Will real estate sell for higher prices in the company of a stunningly beautiful super model? And: What should you do about the drool . . . ?","author":"Cathleen Collins","date":"November 22, 2006","format":false,"excerpt":"Our dear friend and marketing guru, Richard Riccelli, shared this marketing idea. Brilliant. The brokerage knows its target market, and my mom wouldn't be in it. But Paramount Group wouldn't want to sell her a home... and she couldn't afford the houses they represent anyway. I don't think we have\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3689,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3689\/the-new-real-estate-model-part-3-patrick-dunne-purcell-a-real-estate-firm\/","url_meta":{"origin":3556,"position":5},"title":"The New Real Estate Model – Part 3.2: Patrick, Dunne & Purcell, A Real Estate Firm","author":"Sean Purcell","date":"August 4, 2008","format":false,"excerpt":"A Real Estate Firm based on the legal model could have many looks, as do actual law firms.\u00a0 But for a starting point I am going to lay out an achievable structure that will accommodate the greatest majority of agents.\u00a0 The firm would consist of three distinct levels as well\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3556"}],"version-history":[{"count":23,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3556\/revisions"}],"predecessor-version":[{"id":3616,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3556\/revisions\/3616"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}