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October 31, 2006

What can young agents bring to your firm?

Younger agents have an immediate connection with younger buyers. They are more tech-savvy and in touch with younger buyers' lifestyle and financial situation. "The influx of young agents coming into the residential real estate market coincides with a boom in the number of young home buyers. Even as the percentage of Americans 25 to 32 has dipped in recent years, their share of home sales rose, reports the U.S. Department of Commerce. More than 50% of first-time home buyers are under 35, according to the U.S. Census Bureau."

October 20, 2006

Are you ready to podcast?

Teray Martini is looking for a condo in Chicago. Podcasts are among the sources she is using in her search. She says, "The use of podcasting has been especially helpful in the initial phase of my search. It gives you a clear idea of what you're going to see and eliminates the need to visit places that you are not interested in. Very convenient." Podcasts are dynamic, sophisticated and easy to share. They can be viewed on a desktop, laptop, cellphone or IPod.

October 17, 2006

Get control of your time

Time management tips range from planning out your schedule far in advance to eliminating television watching. Nicola Barr uses a tape recorder to capture on the fly ideas and information instead of writing down notes. Saying "no" helps Dana Kunz with her time management. "I’ve learned that when you’re focused, it’s easy to decide when to say yes, and when to smile and say “no, thank you.” I don’t feel guilty about declining because I know I’m giving 100 percent in many other ways. Saying “no” gives me the time to invest in myself, my family, and my business.

October 10, 2006

Client Data Security

In Pennsylvania, The Breach of Personal Information Notification Act (BPINA) requires that anyone storing information linked to an individual's social security number or other id must notify the client after a security breach. Although this law applies to Pennsylvania, all REALTORS® should know how to store client data safely and securely. Marty Mannion, PAR's technology director, provides tips for safe storage--protect your wireless routers, encrypt the data, update Windows and use a secure USB drive.

October 05, 2006

Succession planning

Don't wait until the last moment to create a succession plan for your business. Working with experts can make your transition to retirement easier, along with creating a strategic long-term plan. "Critical for both family-owned and non-family-owned firms, succession planning is also understanding the organization’s long-term goals and objectives, identifying the workforce’s developmental needs (such as sales associate training) and figuring out longer-term workforce trends and predictions."

About This Blog

Power Tools for Managing Brokers, from NAR's Information Central, provides information on research studies, websites, books, news, tips, and other resources for real estate brokerage managers.
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