Tips for Managing an Effective Real Estate Team

In any industry, there are always the pillars of success – the ones who stand out and who smaller companies aspire to be. In the real estate industry, there’s no exception. While this profession allows you to essentially build your own business, you can’t always go it alone. Therefore, once you’ve found a solid team to help build your clientele and success, you need to know how to manage them effectively. In addition to equipping yourself with a customized Real Estate Professional Liability Insurance program, consider the following advice.

Set the right example.

According to RIS Media, you are the example. Let us stress this again; you are the role model. Team members and real estate agents will follow your lead. People naturally emulate their bosses, often in subconscious attempts to win favor. If you don’t allocate time and resources wisely, aren’t consistent in your policies, and are constantly late or absent, how can you expect anything different from your employees?

Establish goals that can be attained.

Setting goals is one thing, and achieving them is another. Set up financial and productivity goals for the year and determine how their success will be measured. Help your team to prioritize tasks and coordinate how these will be accomplished throughout the days, weeks, and months to come.

Promote independence.

While you are a team, you want your agents to be comfortable and experienced enough to handle the day-to-day activities on their own. The last thing anyone wants is to be micromanaged, so give your employees the autonomy they need. Supporting them as they build their own real estate clientele will only better your practice.

 

About Walker & Associates Insurance

At Walker & Associates Insurance, we specialize in providing custom tailored solutions for real estate agents like you. We will evaluate your risk profile to give you an expertly crafted product that caters to your specific needs. To learn more about our offerings, we invite you to contact us today at (888) 920-2139.

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