Social Media for Real Estate Brokers

Reblogger Nikesh Parekh
Services for Real Estate Pros with Trulia

Check out this great blog post from ActiveRain on what real estate broker owners and managers should be doing on social media.  I am speaking at the Inman Connect Conference today in San Francisco at 2:30pm on "Top Down Social Media" and what real estate brokers should be doing on social media.  ActiveRain conducted a survey to find out what are the best practices that real estate brokers should be using to make an impact on social media.  

Check it out and let me know what you think!

Original content by ActiveRain Real Estate Network

Social Media & Real Estate Brokers

Social Media For Real Estate Brokers

ActiveRain CEO Nikesh (Niki) Parekh is speaking at the 2012 Inman Connect San Francisco Real Estate Conference this week on the topic of social media for real estate brokers on a panel entitled "Top Down Social Media" or "Social Isn't Just For Agents."  

So what is social media for real estate brokers?  What should real estate brokers be doing?

Of course, the real estate industry must go where the consumers are spending time and social media is  dominating consumer & agent attention.  In anticipation of this panel discussion, ActiveRain conducted a survey of the ActiveRain real estate community to understand how important social media is to real estate broker owners and managers.

DOWNLOAD SOCIAL MEDIA FOR REAL ESTATE BROKERS AND SHARE THE RESULTS. 

(If you find this valuable, please share this with your friends on social media and in the industry)

Should Real Estate Brokers, Team Leaders and Managers Be Active on Social Media? 

Most agents believe that it is important to maintain an active presence on social media for real estate brokers.  Real estate broker owners and office managers actually feel it SIGNIFICANTLY MORE important for real estate broker owners & team leaders to be active on social media, than real estate agents do.  Why?  

  1. Real estate broker owners must lead by example.
  2. Real estate broker owners must maintain a strong finger on the pulse of the real estate industry.
  3. Real estate broker owners are responsible for building a visible, local brand (community relations).
  4. Agents look to their brokers and manager for training on marketing.
  5. Real estate broker owners and team leaders should support agents with office level marketing & lead generation.

A small percentage of agents who responded that it was NOT important for their real estate broker owner or team leaders to be on social media cited the following reasons: 

  1. Social media does not drive any business or qualified leads.
  2. Social media is too time consuming.
  3. My broker does not support any office marketing or training.
  4. My broker does not even manage our web site, let alone social media.
  5. I am building my individual real estate agent brand, so my broker's social media presence or marketing does not matter to me.
Why Should Real Estate Brokers Use Social Media?
Brokers, team leaders and agents agree that social media is most important to:
  1. Communicate with the real estate colleagues
  2. Stay abreast of real estate industry news
  3. Generate leads
  4. Improve public & community relations
  5. Train & educate agents

Social media for real estate brokers seems less important to agent recruiting (or at least no one has figured it out yet).   Top agents and brokers are starting to use social media to recruit and retain top real estate talent who are a hot commodity in today's recovering real estate market.    But it is still ealry days for social media within the real estate office.

How Should Real Estate Brokers Be Using Social Media?

Based on the results of our survey of ActiveRain, social media for real estate brokers should be focused on following sites as much as possible.

  1. FaceBook is the dominant social media platform for consumers, agents, and broker owners alike.
  2. Blogging continues to play a critical role in a social media strategy.  ActiveRain is the most used blogging platform, though WordPress is also used by a quarter of agents.
  3. Twitter has significantly higher daily usage among broker owners & top producing agents earning more than $100k per year.
  4. Agents maintain a presence on LinkedIn and Google Plus, with low daily usage.
  5. Pinterest has developed a surprisingly large and loyal following in less than 2 years, bsaed on the visual and addictive nature of real estate and "house porn" - beautiful homes that mere mortals could never afford.

What Do You Think?  Leave Your Comments Below!  Please Share This Research on Social Media. 

DOWNLOAD THE FULL ACTIVERAIN SOCIAL MEDIA FOR REAL ESTATE BROKERS REPORT.  Click the image below to see the full results of the survey. 

Social Media & the Real Estate Broker

 

Social Media for Real Estate Brokers

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Ambassador
1,517,582
Tammy Lankford
Lane Realty - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

As the broker of a small firm I find it's part of my job to embrace social media as part of my market stradegy  Some of my agents will never embrace it, but newer ones are learning by example.

Aug 01, 2012 08:40 AM #1
Ambassador
1,161,067
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Nikesh - My friend and associate Chris Hardy is lucky enough to be at Inman and is planning on attending your session today, so I'll be getting a first hand report from him, but this data is very interesting and deserves a thorough study, which I will be doing this evening.

Aug 01, 2012 10:33 AM #2
Rainer
180,033
Tatyana Makarov
Coldwell Banker Residential Brokerage - South Windsor, CT
Your Greater Hartford Area Realtor

Hi Nikesh, thanks for reblogging it... Very interesting.

By the way, nice (new) profile photo.

Aug 01, 2012 01:10 PM #3
Rainer
238,614
San Antonio Texas New Homes for Sale
www.sanantoniotexasnewhomesforsale.com - San Antonio, TX

Hi Niki...Some Good information to know about  

 

 

Thank You

Aug 01, 2012 02:43 PM #4
Rainmaker
291,663
Carol Faaland-Kronmaier
Weichert, Realtors; Hillsborough - Hillsborough, NJ
PhD, e-PRO, Manville, Hillsborough, Somerset NJ Homes

Nikesh, Thank you for re-blogging because I missed the post and I want to read all of the information. It's very interesting to me.

Aug 01, 2012 07:10 PM #5
Staff
168,142
Nikesh Parekh
Trulia - Bellevue, WA
VP of New Ventures, Trulia

Thanks everyone!  Dick, I met Chris today and we have a GREAT conversation about Fort Collins and real estate.  He attended my real estate panel.  

Ask him how I did!

Aug 01, 2012 11:24 PM #6
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Nikesh Parekh

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