You "The Broker" Person Of The Year

By
Real Estate Agent with Metro Brokers Realty Oasis-BrokerIPTV

 2007 Person of the year you

 

“You”, Time’s 2006 person of the year.   I am sure some people may think this seems like some type of cop-out...or even stupid?  I think your opinion greatly depends on your generation.  However, Time Magazine is part of one of the biggest media conglomerates in the universe.  So give them some credit.  No doubt, they have let us in on the greatest new business trends of our future.  Transparency and social networking.  Ordinary information of interest to the community is made freely available. Additional, meta-levels of organizing and decision-making are themselves also published. This is known as radical transparency.  Welcome to the new world of collaborative, social networking. 

So what does “you”, and transparency have to do with real estate brokers?  Simple, millions and millions of users continue to participate and contribute content to this vast new universal knowledge base known as the internet. As more of the world opens up shop in “the cloud”, the real foot race is to see if the current “mind controllers” can pull things back before critical mass is achieved and there is no turning back!  Many believe we have passed the threshold.  Whatever the deal, you, the real estate broker, will now have to play a crucial role as “Human Browsers” or end tech users.  We are the human browsers spoken of by futurist, Harry S. Dent.  I predict only that it is going to be an interesting next several years and that looking for anything resembling sanity will be like waiting for fog to clear. 

The web allows information and content to come from multiple sources in real time.   As a real estate broker, you need to play and participate in the same arena as the buying and selling consumers. With so much information now available, real estate is becoming a very noisy field.  "In a complex world of nearly infinite choices, customers increasingly need a new middle-person to fit a broad array of products and/or services into a customized solution," Dent writes. Your job description is now quite different than just having access to MLS.   In addition, Dent foresees a profound re-engineering of organizational structures to make them "operate from the customer back, not the top down." This is what Dent calls the new "network organizational model."

You, the real estate broker, need to be at the forefront of information gathering.

Make it your commitment in 2007 to become part of the transparent social network. To understand them, you need to become as they are, contributors and consumers of content on the many web portals like YouTube, Google, MySpace, Criagslist, dodgeball, Wikipedia, eBay, Skype, DeliciousFriendster, Picasa and even Real Estate Portals like Zillow.

Zillow is an example of a transparent social networking portal based around real estate. It will be one of many to follow.  Hey, maybe Realtor.com will even participate...maybe not?

In my position I see three types of brokers in our business today.  Group #1:   This group is hoping that things can not and will not change enough before they leave the business.  Group #2: Naive and still think the internet is a fad...nothing else to be said here and no impact on our business.  Group #3: The rest of us, scrambling to position ourselves somewhere out there and survive what will be nothing less than an industry turned upside down!  Which group do you fall into?  I think your answer will be evident in the actions you take in 2007.

For 2007, it's time to cancel all paper subscriptions (including the newspaper) and receive all information form RSS feeds.  It's time to pay all bills online. It's time to commit to going paperless and committing all paper into image.  It's time to carry browser access tools (smart phones) with you at all times. It's time to attend conventions like Inman Connect  and Web 2.0 Summit instead of just the NAR convention.  It's time to create your own Blog or two.  It's time to contribute and post to other blogs.  It's time to get a PayPal  account and buy something on eBay.  It's time to dump your copper phone line and subscribe with Vonage or Skype.   

The future is ripe with opportunity.  Never have there been so many venues for you to promote the uniqueness of YOU.  The interesting thing is that many of these transparent networking sites cost little or no money...they just take the initiative from you to get involved. People are seeking truth. Having all the information available will not make it any easier for the real estate consumer...and that's why a Human Real Estate Browser, YOU, can make a huge difference working with buyers and sellers.
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Show All Comments
Rainmaker
301,217
Brian Brady
San Diego VA Home Loans/858-777-9751 - San Diego, CA
VA Home Loans/San Diego
I couldn't agree more.  Going online has helped our business tremendously.
Jan 16, 2007 05:56 PM #1
Anonymous
Anonymous
Anonymous
Touche!  I think you hit it right on the nail head and I too couldn't agree more.  I'm not sure about the Zillow thing though.  It will take a lot of REALTOR participation.  They are way off base in our neck of the woods.
Jan 16, 2007 07:40 PM #2
Rainer
99,630
Kaushik Sirkar
Call Realty, Inc. - Chandler, AZ
100% in agreement.  Things change.  In many fields.  Real estate being one of them...gotta keep up!
Jan 16, 2007 07:48 PM #3
Rainer
171,632
Mark Flanders
Consulting - Silverdale, WA
Mark, great article! A gold star and a spot on the ActiveRoundup in the same day! Nice job and Welcome to ActiveRain!
Jan 16, 2007 08:05 PM #4
Rainer
188,414
Laurie Manny
Long Beach CA Real Estate - Long Beach, CA

Nice job, congrats on the Featured Post.

Jan 17, 2007 12:23 AM #5
Rainmaker
217,265
Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty
Good post...we have to keep learning and adjust to change (esp. technology) in order to be knowledgeable and exceptional realtors. 
Jan 17, 2007 12:58 AM #6
Rainer
62,269
Nick M.
Certified Residential Appraiser- West Palm Beach Real Estate - West Palm Beach, FL
Realtor-Appraiser in West Palm-South Florida Real Estate Appraiser

Hey Mark.. is there another category past #3??.. The one for people trying to hook up the sprinklers to their PCs, so we can water the lawn from Bora Bora or somwhere?? :)) 

good list of portals to check out. I think there is one that I dont know.. so you GOT ME!!!

oh yeah.. my long distance for phone calls with my current provider was only $2 less than Vonage unlimited.. so I got Vonage yesterday as an additional line. Calls to landlines in Spain, France, Italy and Ireland are free, in addition to all of US. They even have a small thingy that you slip into a USB to make and receive calls from your PC via your Vonage account!! oh the nerd in me is getting riled up!!

congrats on the featured post!

 

Jan 17, 2007 01:06 PM #7
Rainer
51,600
Danilo Bogdanovic
Market Advantage Real Estate - Ashburn, VA
Real Estate Consultant - Loudoun and Fairfax County

I know of some agents who can't comprehend what's going on nor understand that the entire real estate industry as well as all business is changing. Some of them don't even know how to check their email...sad, but true.

Very well said! I will personally take what's behind door #3 for now while trying to figure out what lies in store for door #4 in the future...

Jan 18, 2007 04:42 PM #8
Rainmaker
350,599
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

I've been like a kid in the candy store with technology, especially Blogging - I love it!!!
Thanks for your generous sharing in this grat post!

Jan 19, 2007 09:42 PM #9
Rainmaker
1,054,760
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
I am glad this post was brought to light again!  I didn't know of some of these sites -- I am going to check them out.  As we know more and more consumers are starting their home search on the internet and we need to be there as well as at the chamber of commerce.  I would be interested to know what you have found to be the most useful.
Feb 10, 2007 07:50 PM #10
Show All Comments
Rainmaker
97,508

Mark Eibner

CRS, ePro,GRI
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