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Office Meetings - useful or a waste of time?

In the real estate community you'll hear different thoughts about whether weekly office meetings are useful, or a waste of time.

Our meetings at Today, Sotheby's International Realty definitely fall into the "useful" category. Why do I say so?

  1. they are kept short, between 1/2 to 1 hr. - our brokers respect our time
  2. we can access them on our computers, streaming online, or on our iPads, or in person in the office
  3. outside vendors are brought in only with the consensus of the agents--do we want to hear a presentation? Will it help us provide value to our clients?
  4. we have the opportunity to let our colleagues know about our upcoming listings--a big advantage in our market of super-tight inventory
  5. we have a chance to let others know our buyers' needs, to see if there's a good fit
  6. our broker alerts us to changes in real estate law, changes in various transaction forms commonly used in our area; updates gleaned from Inman News and other similar sources; new technology to help us help clients

and perhaps most important:

   7.  we learn from one another

Today, for instance, an agent shared a problem she ran into with a condo/townhouse listing. The management company had chosen to get a blanket insurance policy to cover many of the complexes they managed. That is a good cost saving, but ..... most lenders' guidelines don't accept that. By the time a lender was found who could place the loan, the time frame was up and the sale didn't occur.

If we didn't have meetings, it's likely most of us would never have learned of this. Now, we are forewarned of another item to carefully check when we list a townhouse/condo, or when we represent a buyer.

So, what's your take - are your office meetings useful or a waste of time?

 

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Compass

CA DRE#10215160; 650-465-4547

Lottie@LottieKendall.com

www.LottieKendall.com

Peninsula Living Business Page

www.SFCondosForMe.com

 

 

Comment balloon 23 commentsLottie Kendall • February 10 2014 09:10PM

Comments

Lottie: Looks like you have 7 excellent reasons to have them, especially if you can access them via computer etc. if for some reason you could not be there.  Must say, though, that I always hated weekly office meetings. Just because. 

Posted by Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea about 6 years ago

When the conversation turns to debating the types of coffee available in the office you know it's time to fold up the tent

Posted by Randy Mitchelson,APR, First Impressions are made at First Click (Marketing Coach & Homeland Heroes Home Loans) about 6 years ago

Lottie

Sounds like a good formula for a useful and informative office meeting.

Ours are only monthly but always useful - the sharing of information is one of the best aspects that helps us all stay informed. And everyone is willing to share tips, advice and things they are doing that work.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) about 6 years ago

 Good morning, Lottie. I have been working very diligently to get into some offices and put on some presentations. I always strive to make the presentations of value to the agents. (After all, it is about you, not me.)

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) about 6 years ago

Good morning Lottie. I am not a fan of office meeting, 2-3 a years is enough for me. With communication the way it is, I communicate all I need very quickly these day,

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) about 6 years ago

In the nine months I've been at my job, we have never had a meeting.  I think we could all benefit by having them weekly.  New merchandise is always coming into the store, things are dropped.....one of the things I do daily before I start working is walk the store and see if there are any changes and I ask a lot of questions.  Some don't............

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 6 years ago

Good morning, Lottie.... an office meeting is important if there is an important topic such as "we're moving our office"..... we just had one of those and it was a quick 20 minute gathering.... all other meetings are held one on one .... I like to meet individually with people who are interested in meeting!!

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) about 6 years ago

Lottie, nice topic for today.  With the New Year in active mode, it is important to utilize office meetings to bring about NEW information or sharing listings and buyers with other brokers.  Make the meeting purposeful to generate activity!

Posted by Dan Hopper, Denver Realtor / Author / Advocate/Short Sale (Keller Williams Realty Downtown LLC) about 6 years ago

Hella, being able to attend the meetings via laptop or iPad is a huge plus-generally that's what I do.

Yep, Randy, that's a meeting type that would get a thumbs down from me.

Jeff, it works for me; no wasted time and almost always beneficial

Michael, how is that going? Are you getting some good results?

 

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

Joe, I can see in your industry that office meetings might not have many benefits.

Roger, with all the shift work in your position, it might be difficult to get everyone together - maybe a weekly email from the boss would update everyone?

Barbara, that seems to work well for you and you team.

Dan, you've hit the key in my opinion - the meeting must be short, useful, not a gab or gripe session.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

This is a good topic for discussion. Our office has good meetings but many of the announcements could be better handled by email.

Posted by Roy Kelley (Realty Group Referrals) about 6 years ago

Roy, email is a great way to get out information. Usually our broker emails out a meeting summary with links and attachments.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

Lottie, In general, I feel the meetings are beneficial for the reasons you list.  I'm not big on having a meeting for general purposes.  Great topic!

Posted by Rebecca Foresee, Let's foresee the possibilities . and get results! (Alain Pinel Realtors) about 6 years ago

Lottie, we do meetings when we have something extremely worthwhile only.   

Posted by Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo (Dagny's Real Estate) about 6 years ago

Rebecca, meetings can waste time or bring people together - tricky!

Dagny, it seems that more companies are getting away from standard weekly meetings, which is probably a good thing. Being able to access ours remotely is a huge boon.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

You're right.  It always depends on who you ask. I know in my office our meetings are exactly the way yours is, but there are still some who insist on never coming.

Posted by Morris Massre, Real Estate Instructor Broward County Florida about 6 years ago

Morris, it seems the value of office meetings varies widely

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

Lottie, I agree that office meetings can be very beneficial.  The most important factor is are they structured, and how often are the meetings held.  They should always be informational and brief. Having a meeting because it's expected without any content is indeed a waste of time.  A lot of interesting perspectives here. 

Posted by Amy Houston Helm, Open the Door to All Possibilities (Coldwell Banker Sea Coast Advantage ) about 6 years ago

Lottie, our office has a weekly meeting with varying attendance numbers. Some of the meetings have been very helpful to me and some not so much. It's a little like purchasing fruit at the market, a bit of a gamble.

Posted by Nancy Laswick, Your REALTOR® For The Valley Of The Sun (United Real Estate) about 6 years ago

I always learn something new from the experiences of other agents whether it is at the office meeting or just talking to them when I go to the office.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 6 years ago

Hi Amy, if there's no purpose to a meeting, it's a colossal waste of time and I'd soon stop attending.

Nancy, I love your analogy to picking fruit! If I glean one thing from our meeting, it's worth the 30-45 minutes they typically last. And--I'm one who attends via streaming online, so no drive time wasted. It works for me.

Gita, when we're open to learning something, we generally can.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

Lottie depends on how good the Manger handles the office meeting....if it goes on and on and people just want to hear their own voices....No it is not worth it...Being in the business for over 17+ year I had good as well as lousy managers...I am lucky I got a great one now and he knows how to handle the meetings to keep it interesting for all!, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 6 years ago

You've nailed it, Endre. The manager must make a meeting worth attending, giving us items of value and educational tools. Short is best.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 6 years ago

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