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October 28, 2008

Book Review: Leadership and the Sexes

By Melissa Dittmann Tracey
Quick Skim
Do you have a female client who's exceptionally chatty? Or a male client who zones out sometimes? It might be their gender that's to blame. Men and women have different communication styles that often clash in the business world, according to Michael Gurian and Barbara Annis, authors of Leadership and the Sexes (Jossey-Bass, 2008). The authors set out to move beyond gender stereotypes and point to brain imaging studies that can offer you insight into how you can better communicate, lead, and negotiate with people of the opposite sex, so that gender communication blunders never cost you a deal.
              Buy the book

From the Book: 5 Ways Men and Women Communicate Differently

At times, men and women may seem like they really are communicating from two different planets. Why is that? Blood flows differently to varying parts of the brain in males and females, making each gender better at processing certain types of information. The book outlines several of these differences and offers tips to account for these differences and deter misunderstandings.

Here are five differences presented in the book.

1. Women's brains are always "on." Females might appreciate this: "There is more neural activity in the female brain at any given time than in the male brain, as evidenced by 15 to 20 percent more blood flow, with more brain centers 'lit up' in a scan of a female brain than in one of a male brain," according to the book. The female brain tends to be more constantly active, while the male brain is prone to “zoning out” or “blanking out” during conversations. To avoid a zone out, men might unconsciously start an activity, such as tapping their pencils, gazing out the window, or swiveling in a chair.

A woman, particularly during negotiations, might perceive this as he isn’t listening or doesn’t care about what you’re saying. But men’s brains are wired to listen differently than women; men often hold less eye contact and have sporadic “zone out” moments, which might require a little repetition to key points.

2. Men just want the facts. Men usually ask fewer questions to stimulate conversation in their work relationships and often end conversations more abruptly than women, the authors write. Men tend to be more data and fact driven and stay on topic, not getting as personal in conversations as women. That’s because men have six times gray matter in their brain that is related to cognition and intelligence than women. Realizing this, women in conversations with male bosses or clients might want to keep their interactions more targeted to the specific

outcomes and fact-focused, and ask what he thinks, opposed to what he feels.

3. Women focus on friendship first. Women don’t tend to go into a transaction focused on the final outcome but wanting to build rapport and learn more about the client first. That’s because women have higher levels of a bonding chemical called oxytocin, which makes them to want to spend more time talking about individual emotions and memories than men, according to the book.

“Women tend to build relationships when they sell: their speech is geared toward being inclusive and more relational; they ask more questions, they try to get to know the person on a personal level, and they use tag endings (‘It's a nice day, isn't it?’) that compel the other person to communicate back,” the authors write.

Therefore, men wanting to have better conversations with women should try to make an emotional connection – ask how she feels about the home – rather than limiting it just to the facts.

4. Men take it one task at a time. Men tend to like to focus on one task at a time, whereas women’s brains are more geared to multitask. The female brain is wired for constant multiconnecting of information and responds best to talking about emotions, memories, as well as their present task, the authors write.

The male brain, on the other hand, might find all the multiconnecting over stimulating. His brain is wired to focus on what he's doing now and to get it done. Women have nearly 10 times more white matter in their brain related to cognition and intelligence than men have; the white matter allows them to connect information between different brain processing centers more easily than men.

5. Women remember the little details. Females can generally remember more physical and relational details than men, such as the color of the home, the flowers on display, and the emotional connection or experiences of whom they were speaking to. Females’ hippocampus, a memory center in the brain, has more neural pathways to the emotion and sensory brain centers than men. Therefore, women tend to do better in recalling specific details of situations and events and read gestures and faces better than men.

Knowing this, can be used to your advantage in a negotiation, as the male is more wired to focus on the facts, the female’s strength could be to read the body language and interpret the direction of the negotiation.

Sneak Peek

"For a few decades now, our corporate world has done a lot of wonderful things in the area of gender roles, but we are also stuck in many ways. We've avoided dealing with the lighthouse of gender biology—we've been afraid of it—and so we've been navigating without its light. In today's corporate world, power, leadership, control of assets—all are in flux, and economic pressures, globalization, media, the Internet are all affected by gender, even when we don't realize it. We need to be gender intelligent, even a little bit revolutionary! We need to move beyond both the traditionalist and feminist frameworks and look at the light that human nature itself is providing to all of us, now more than ever before: that light that can help guide every leader to the best possible outcome."

About the Authors

Michael Gurian is a New York Times bestselling author of more than 20 books, including The Wonder of Boys, Nurture the Nature, and Boys and Girls Learn Differently!. He is the co-founder of the Gurian Institute, which conducts brain-based research and provides education and training on gender issues.

Co-author Barbara Annis is the CEO of Barbara Annis & Associates, a company devoted to gender diversity research, and she has more than 20 years of experience as a specialist in workplace gender issues.


Read The Weekly Book Scan's author chat with Gurian.

October 13, 2008

Excerpt: Learn About Energy Audits

The following is excerpted from Sustainable Housing and Building Green (Dearborn, 2008) by Marie S. Spodek and Ken Deshaies.


Audits in the Real Estate Transaction

Energy audits are an excellent source of additional information to help sellers, builders, and buyers make quantifiable decisions when buying new appliances or a new home. Tenants also benefit because energy audits allow them to choose energy-efficient rentals. (VIDEO: Watch an energy audit in action.)


Role of the Real Estate Licensee

Essentially, licensees should be the “source of the resource, not the source of the information.” Real estate licensees should not hold themselves out as experts, and they should not promise savings or results from an energy audit. To avoid any hint of impropriety, agents should never accept a “referral fee” from any of these companies or sell any of the products without fully disclosing any relationship to the company. Even with full disclosure, licensees should avoid

“requiring” the purchase of any product or service with which they are associated.

Useful for Sellers

Real estate agents should encourage sellers to consult the HES Web site. Based on life cycle and energy costs, sellers can determine which appliances to pack up and move and which to leave behind, avoiding moving costs as well. The site might help a seller to recognize whether an appliance or feature adds to or detracts from the asking price, especially in relationship to competing properties. Also, some of the information can be entered into multiple listing service (MLS) information that can be used by buyers and appraisers.

Buyers and sellers do ask real estate agents for hiring recommendations, however. Agents can provide several options but should avoid making any specific recommendations. Agents can say, if true, “Here is a list of energy auditors used by other real estate clients. Please ask for references and follow up by calling each of the references.”

Useful for Buyers

Real estate agents can help their buyer clients make better informed decisions in a quantifiable manner about whether to buy an energy-efficient home or a traditionally built home. Builders and their buyers can consider the impact that the latest in energy technology might have in order to decide what they want to include in their homes, especially when considering asking for some of the personal property such as refrigerators, freezers, washers and dryers, and so on. This analysis provides the data buyers need to make decisions and to decide on trade-offs, such as paying a bit more for a home with energy-efficient appliances with the expectation that they will have lower utility bills as a result.


This textbook is currently used across the country in continuing education classes for real estate agents and mortgage bankers. Please note that this book can be purchased through RECampus for professional development purposes; however, it cannot be purchased through RECampus for continuing education credit.

October 06, 2008

Review: The Option of Urbanism

By Melissa Dittmann Tracey






Quick Skim
It’s time for cities to get walking, not sprawling, writes Christopher B. Leinberger in his new book The Option of Urbanism: Investing in a New American Dream (Island Press, 2008). Not only are buyers demanding it, but cities need it to thrive. Walkable urbanism is when everyday needs—such as parks, shopping, work, and schools—all fall within walking distance (a quarter to a half mile) or are easily accessible by transit from your home. Properties in walkable communities tend to command the highest prices, anywhere from 40-200 percent more than drivable single-family housing. His book makes a solid case for why and how cities can make themselves more walkable.Buy the Book

From the Book: 5 Ways Cities Can Become More Walkable

Walkable cities tend to have easy public transport and lots of shops, making for a highly desirable place to live. However, demand for housing in these places often outweighs the supply. Here's what cities need to do to encourage more "walkable urbanism" developments.

1. Change zoning. True walkable urbanism requires high popular density, which often runs counter to zoning codes. Zoning laws also traditionally have set out to keep industrial and retail away from housing, which must coexist in a mixed-use development. Communities can adopt a new planning process that involves property owners, neighbors, retailers, developers, and planning and elected officials working together in bringing these often-complex developments to reality. Some cities are developing form-based codes that are not based on use (which is often the case with traditional zoning), but on the form of the building. These form-based codes are then implemented through an overlay district, which is placed on top of traditional zoning maps.

2. Invest in transit. The best way to encourage walkable urbanism is through transportation investment. "Transportation drives development,” Leinberger says. Often times, the transportation or rail station comes first, and then the development. Leinberger points to Washington, D.C., with its commuter Metro rail line, as a good example of how transit can foster the development of close-knit communities around it. Transit connections and bus and trolley circulator systems are ideal for walkable urban development.

3. Educate the financial community. Multi-use projects tend to be more costly due to multiple-story construction and top-notch finishes, Leinberger writes. Construction budgets

must be 20-40 percent higher than for standard suburban projects. Therefore, more equity needs to be invested but it will not be recovered as quickly as traditionally financed projects, which can pose problems. As such, financial institutions need to embrace the need to invest patient equity, which runs counter to traditional development financing structures by not having a defined paypack period.

4. Revive old developments. Walkable urbanism developments can bring abandoned or declining retail centers back to life, particularly using the overlay zoning mentioned above. Obsolete commercial strips that are declining in value or abandoned may be prime spots for redevelopments. But cities must demonstrate to the private development community that there's a market for these types of developments. Use market research to determine what is feasible and what's in demand in your community.

5. Manage and maintain walkable urban places. This type of construction can be difficult and complex to build. Therefore, the complexity in developing these communities has led to the creation of a group to help manage it—nonprofit business improvement districts. Leinberger says the BID is like the "mayor of the walkable urban place" and its main obligation is to the property owners of the development. BIDs raise operating revenues by having property owners voluntarily raise their property taxes by 5-10 percent. In return, BIDs can help maintain properties, keep them clean, safe, and help prevent noise, parking overflow, cut-through traffic, or other common problems that often plague these types of developments.

Sneak Peek

“The ultimate irony is that Manhattanites, who live at 800 times the average U.S. density, have the smallest ‘ecological footprint’ per person in the nation and have the most expensive real estate prices (by the absolute dollar as well as on a price-per-square-foot basis) of any place in the country. These issues are connected.

"Many Washingtonians, Santa Feans, Portlanders, and a growing number of people throughout the country want to enjoy the pleasures and opportunities of walkable urbanism; Luckily, this is environmentally responsible and people are willing to pay a significant premium to do so.

"Walkable urban development is already a growing part of the American built environment, in spite of the legal, financial, and other obstacles. It will even become part of the next American Dream over the next generation. The only question is whether the market will just take its course over many decades or whether walkable urbanism will be part of new American domestic policy to speed up the process. Either way it is coming – all eyes to the future."

About the Author

Christopher B. Leinberger is a developer and professor who focuses on strategies to making progressive development profitable. He is a Visiting Fellow at the Brookings Institution and a founding partner of Arcadia Land Company, a real estate development firm.

October 01, 2008

Top 10 Real Estate Books (10/01/08)



Here are the latest top selling books in real estate from Amazon.com:

1. The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It, By Robert J. Shiller

2. Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis, By Paul Muolo and Mathew Padilla

3. Financial Shock A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, By Mark Zandi

4. Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss, By Ken McElroy

5. Real Estate Investing for Dummies , By Eric Tyson and Robert S. Griswold

6. The Pre-Foreclosure Property Investor's Kit: How to Make M Buying Distressed Real Estate -- Before the Public Auction, By Thomas Lucier

7. Home Buying For Dummies, 3rd edition, By Eric Tyson and Ray Brown

8. SHIFT: How Top Real Estate Agents Tackle Tough Times, By Gary Keller, Dave Jenks, and Jay Papasan

9. Cadillac Desert: The American West and Its Disappearing Water, Revised Edition, By Marc Reisner

10. Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series , By Don Sausa

About This Blog

Welcome to an online book club created especially for you, a busy real estate professional. Each blog entry is designed to give you a weekly dish on book news in five minutes or less. Read more >

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