Hi everyone, in today’s episode of ASKPropertyLimbrothers, Beatrice Lim talks about the latest trend in organised real estate- real estate teams. Watch to find out the difference between a real estate team and an individual agent in Singapore. 

What is the difference between a real estate team and an individual real estate agent? Gone are the days where every agent operates individually. The real estate landscape has really changed in the way that agents now have to embrace changing technology and business tactics that are really modernizing the industry. It’s an increasingly popular business model in other countries, for example, like in the States, more than 30% of real estate agents actually belong to a team. So just to talk a little bit about what actually goes on behind the scenes in every sale or purchase of a property, it’s actually a huge amount of work that you might actually not be aware of. In a typical one-man show system, the salesperson has to wear many hats. He has to take care of marketing, administration, sales, and operations.