Real Estate Teams Are on the Rise 68% of Agents Work in Teams, Says Tom Ferry

Irvine, CA, February 18, 2016 --(PR.com)-- Tom Ferry – Your Coach, an international coaching and training company for real estate professionals, says that teams are gaining popularity in brokerages. The company surveyed nearly 3,300 industry professionals about their real estate practices. Members of the Tom Ferry community, those coached by others and agents not in coaching all participated in the survey.

“Teams can be very productive when team members specialize and play to their strengths,” said Ferry, the firm’s CEO.

Ferry has noticed an upswing in client questions on the topic. “We require our coaches to stay ahead of the curve,” he said, “so I’m prioritizing team-building as an area of expertise.”

Key Findings of the Tom Ferry Real Estate Survey:
Teams Are Gaining in Popularity:
68% of respondents had what they defined as a team.
54% of solo agents planned to build a team.

Team Production Varies Widely:
Agents with teams reported:
“My team added 10 or fewer transactions to my annual production” (almost 61%)
“My team added 40 or more transactions to my annual production” (12%)

Teams Are More than a Family Business:
Almost 34% of team leaders surveyed had an operations manager on staff.
64% of team members surveyed were buyer’s agents.
53% of team members surveyed were listing agents.
46% of team members surveyed were transaction coordinators.

Accountability is An Issue:
Almost 23% of team leaders said they lack formal methods to hold their team members accountable.

About Tom Ferry – Your Coach
Tom Ferry – Your Coach is an international coaching company led by one of the most sought after professional development experts in the real estate industry. Tom Ferry, the bestselling author of Life! By Design, shares his knowledge through live events, results-focused coaching programs, and a popular YouTube channel, the #TomFerryShow, which has garnered over 2 million views. Tom Ferry helps hundreds of thousands of real estate professionals create inner and outer wealth by teaching multiple lead generation and conversion techniques focused on innovation and marketing.

Tom Ferry has been featured in The New York Times, Wall Street Journal, USA Today, The Huffington Post, Mashable.com, Inman News, Agent Genius, Realtor Magazine and many other major media venues.

For images and more information on Tom Ferry, contact Marni Hale at marni@tomferry.com or visit TomFerry.com