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?
- they are kept short, between 1/2 to 1 hr. - our brokers respect our time
- we can access them on our computers, streaming online, or on our iPads, or in person in the office
- 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?
- we have the opportunity to let our colleagues know about our upcoming listings--a big advantage in our market of super-tight inventory
- we have a chance to let others know our buyers' needs, to see if there's a good fit
- 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?