SC115: Kristan Cole. Expansion Team Concept Expert. First Expanding Across City Lines. Then Across State Lines. Lessons Learned After Mentoring Over 600 Team Leaders On Expansion Teams.

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Download FULL Running Time: 1:37

Website:

KristanCole.com/

Bonus:

5 Video Series: Kristan Cole interviews Gary Keller about Expansion Teams:

The ‘What’ and ‘Why’ of Expansion

How Does Expansion Affect the Market Centers?

Win-Win Relationships in Expansion

Is it ‘Who’ or ‘Where’ First in Expansion

The Future of Expansion and Keller Williams

Background:

Kristan Cole is with Keller Williams Realty in Scottsdale, Arizona. Last year she closed 249 transactions with a total sales volume of 50 million and 1.7 million in GCI. Her average sales price was 201 thousand of which 41% were buyers and 59% were sellers. She has a 21 member team: 4 buyer agents, 1 listing partner, 1 lead administrator, 1 closing coordinator, 1 director of lead generation, 1 executive assistant, 1 runner, 1 bookkeeper, 4 virtual assistants, 5 expansion partners, and 1 team leader.

Kristan Cole is the team leader of the Kirstan Cole Real Estate Network. She has been an agent for 30 years. She is also the Vice President of Mega Agent Expansion for Keller Williams Realty.

In this call, Kristan talks about:

  • Starting in real estate right out of college
  • Being a solo agent for 15 years before starting a team
  • Working in a small rural market in Alaska
  • The Expansion Team concept
  • How she expanded into another city in Alaska … and then city in Arizona
  • Running a team of people in two different states and virtual assistants in another country … and the technology she uses to make it work
  • When expansion teams are a good idea … and when it’s not
  • Lessons she’s learn after mentoring over 600 agents on expansion teams
  • How she and her team are converting 7% of her internet leads into closings
  • The benefits of a 7th Level team
  • Team dynamics, profit margins and more

2014 Stats:

  • 249 closings
  • 50 million sales volume
  • 21 member team:
    • 4 buyer agents
    • 1 listing partner
    • 1 lead administrator
    • 1 closing coordinator
    • 1 director of lead generation
    • 1 executive assistant
    • 1 runner
    • 1 bookkeeper
    • 4 virtual assistants
    • 5 expansion partners
    • 1 team leader

Niche:

  • expansion teams
  • internet leads
  • repeat & referrals
  • past clients
  • sphere of influence

(originally published on 10/07/15)