To Team or Not To Team - That Is The Question

Description

Growing in popularity, teams are sprouting up all over real estate. Maybe you have a team that works in your brokerage or you’ve co-brokered a transaction with a team. But what exactly does it mean to work on a team, or start a team? What are the benefits, what are the disadvantages?

We will take a deeper look inside teams, from all perspectives. Brokers, team leaders, and associates within the team will have a clearer understanding of an overview of teams by the end of class.

Objectives: After taking this class students will be able to:

• Explain what defines a team structure.

• Cite the pros and cons of working with a team for the consumer.

• Know what duties an unlicensed assistant can perform.

• Understand the IRS factors affecting independent contractor vs employee status.

• Understand who pays the team members; the customer/client, the broker or the team leader.

• Consider different pay structure models and which best fits their brokerage.

• Know the different job functions that may exist within a team and the fiduciary duties that go along with that job.

• Explain how to delegate functions to a new team member.

• Understand how the Code of Ethics affects teams.

Notes:

• 3 Specialty Continuing Education Credits
• FREC Course # 0019588
• Instructor: Cynthia DeLuca
• GACAR conference center