Two choices...

1. Take a good look at your current team and decide if there is something you can to to make this team more successful, perhaps take on more than a showing agent role.
2. Start over on your own, keep in mind that there will be some building time here too, probably much more than where you are at.

I think you know the answer.  It's time for a discussion with the lead agent. Be positive but firm.   Good luck to you both.

i think you know what you must do. i make one side not thou, depending on your market, you may run into this person or their team again. :) the way you "exit" will be important. i have agents i really dont like and the feeling is mutual i suspect, but i dont bring it up and throw it in their face. i suggest you go to the leader and show the facts. and say something has to change. the leads.the splits or something.

 Leave.  If there is a breach of contract, lawyer up and demand remuneration.

He sucks.

But .... possibly the lead generation system isn't what it's cracked up to be.

But .... what if the leads are there but no one 'good' can convert them.

But ... the leads that you do get need to be nurtured for 6 months before producing. Do you have a setup for that?

Time to leave the nest and soar like an eagle instead of scratching like a chicken -  it is your time now!

What are you waiting for??? Have that discussion now! Time is money..you know what you need to do.

What Michael Jacobs said...

Move on.

If your agreement commits you to spend time without getting enough business, let it go. If you're only committed to work whatever leads come to you decide it the 25% split is still worth it to you. 

Well, work harder - and work on additional skills to convert to close...

Don't assume you'll lose the relationship.  If the numbers are disappointing, he should understand.  You have gotten some training.  And if you're smart, you will learn to do your own prospecting so you'll get quality leads.

 This is very good question.

You can and should do this for yourself. You know the lead agent. Come with some thing diplomatic to say, and try to remain friends. 

If you were promised 27 and are 23 short of that number at the 1/2 way point in the year, I'd have a frank discussion with the agent.  See if there is anything you can do to help get/nurture the leads (and if you are doing more work, get a better split!).  If you cannot help, then leave and do your own lead gen.

The "bitter pill" of saying goodbye will be much easier for the agent to swallow if you hand him a nice glass of "team player and trying to help" first.

You can do it on your own or find another team. The handwriting is right before you all over the wall that it isn't working the way it is.

It sounds as if you are doing as well with your own transactions as you are with his, so if he is not holding up his end of the bargain - regardless of the reason - and you feel confident you are ready to go out on your own, then I say it's time to fly!

Being the second agent on a team is fine to start, but it's not a career. You've had a learning experience that you'll probably look back at as a positive one, but it's time to move on and up.

Sounds to me like you know what needs to be done.  I would just be honest and upfront with this person who should understand.

I would recommend that you go out on your own. Just do it.

Best thing is go work on your own in another brokerage. You can hang around at same brokerage if the leads are provided NOT by the managing broker.  But that is what you got now.

Top agents always make lots of promises and do not deliver it. Often they take the leads and keep transactions in their wallet.

Four transactions from him and 4 on my own. That is seven closed deals.

OJT has been completed. You should amp up what you were doing for those 4 you got on your own. Put your business plan together and make the magic happen.

In a short time you will know if you made the right decision.

You need to ask yourself, "IS the issue 7 closing is insufficient or is the issue you feel insecure because the goals of the lead agent must be re-evaluated and new goals set?"

Best of success to you,
Annette

It's your decision.  Good luck.

You've done what you committed to doing - he has not. I woul dmake the move for yourself!

It's time to move on

This is a business decision. To be successful in this business, you will have to move on. I'm sure he will understand.

Wish him luck and move on.  Don't worry about others.

Feel sorry for him??

I feel sorry for you that you are thinking of his needs more than your own...he may be a nice guy but right now the two of you are not a good fit.

Real Estate is a business to make a living...hopefully a good living.  

Relationships come and go.  That is life. Move on.

Eve