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Many real estate companies allow you to run a team inside the agency, but the payoff isn’t always worth it. As a team lead, you’ll probably spend your time generating leads for your agents, managing the office, and doing all the other tasks associated with a broker, without the compensation or independence. For many agents, owning your own real estate franchise is a better path forward than running a team.

Buying a Real Estate Franchise vs. Managing a Team

Managing a real estate franchise involves similar duties to acting as a team leader but with much more tangible benefits. In fact, the more successful you are as a team lead, the more responsibilities of a real estate broker you’re probably taking on. For instance, both brokers and leads usually take care of recruiting and training new agents, finding marketing opportunities, and keeping records. However, owning a real estate franchise is much more lucrative, with many more leadership opportunities for growth.

The Benefits of Being a Broker

real estate franchiseMost real estate brokers receive compensation commensurate with their responsibilities, which may not be true of a team lead. Running your own franchise also provides opportunity for growth. For instance, a successful brokerage may have several different offices, each with their own teams contributing to your success. Additionally, your real estate brokerage can be your legacy, giving you something to pass down to your family members after you’re gone.

 

With an innovative compensation package and some of the best training in the industry, EXIT Realty Upper Midwest offers exciting opportunities for brokers throughout Iowa, Illinois, Wisconsin, Minnesota, and the Dakotas. Whether you have experience owning a real estate franchise or are just ready to advance your career, they pride themselves on giving you everything you need to succeed. Visit their website or Facebook to learn more about their real estate franchise opportunities, and call (651) 505-3570 to discuss your future with a member of their team.

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