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Honesty in Real Estate Petition

Jun 13, 2019 by

Click the Petition image below to sign the petition!

The post Honesty in Real Estate Petition appeared first on National Real Estate Post.

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Feet-First Into Leading a Real Estate Team

May 27, 2019 by

(Above) Veronica Figueroa and The Figueroa Team “take a deep dive in everything we do.”

Veronica Figueroa’s career started in timeshares—a common niche in her region, but far from her ideal profession.

“I got my real estate license straight out of college with no desire to get into real estate,” she explains. “I dabbled a little in timeshares, and I knew it wasn’t for me.”

Figueroa changed course and entered the hospitality/human resources industry—her career of choice in college—but kept her license. “‘Maybe one day when I buy, I’ll use it,’” she reasoned.

Figueroa did need it, after a divorce left her raising two children solo. While in her full-time human resources role, she began part-time in real estate, driven by her family’s needs.

“It was a way to supplement my income and make sure that my children would be provided for,” she says. “I became obsessed with it immediately, and I started selling to every friend and every family member. It was the combination of skills that I had learned in human resources and my background in hospitality, and my passion that was fueled by providing for my kids.”

Soon, Figueroa was all-in on real estate, discovering that with her drive and mentality, her business could soar.

“My first three months in real estate, I made $ 11,000,” she says. “I thought, ‘If I gave this my all, and I wasn’t dividing myself between a full-time job, imagine what I can do.’ I took the leap of faith and never looked back.”

There were bumps in the road—”We’ve failed our way forward,” Figueroa says—and the crash, which required she rethink her strategy. Along the way, she has maintained her spirit and vision—one she draws from as leader of The Figueroa Team at her brokerage, RE/MAX Innovation, alongside husband Tony. RISMedia recently spoke to Figueroa about her team, and how she and the group are primed for success. 

Suzanne De Vita: Veronica, you started out with a stint in timeshares. How did you come to form your real estate team?
Veronica Figueroa: I decided to go into residential sales, and started part-time while I had a full-time job. Within three months, I quit my full-time job and went full-time [into real estate] as a newly single mother, newly divorced with two small children in private school. I had already met Tony, and he supported me. I hired my first assistant in 2006, and in 2007-2008, I hired my first buyer agent.

Then, the market crashed. I had to move my business back into my living room. I listed my first short sale—I had no idea what I was doing!—and I realized the REO market was an opportunity. I hopped on a flight to Texas to a Five Star Conference with $ 5,000 left in my bank account, and went out on a mission to meet every single asset manager I could. We broke into the REO market and became really proficient in the operational side of the business.

In 2010-2011, the market was shifting again, and we went really deep into traditional farming in the market that we lived in. I bought a RE/MAX franchise in 2012, and I got really intentional with learning and dissecting all things in the digital space, social media and the online consumer experience. Fast-forward to now, we have a team of 21, and our goal is to sell no less than $ 125 million and continue to recruit and grow and build multiple streams of business.

SD: Your core marketplace is Orlando. How are the changes in your market motivating your team?
VF: Orlando being a popular destination, we’re seeing lots of growth, lots of new jobs and lots of development. On the flip side, we’re also a target for disruptors—we’re seeing iBuyers and all of these competitors coming into the market. It’s a great market, so long as you can pivot and have a value proposition and be willing to put in the work. We’re a fun, focused, dynamic group of people who have high integrity and are very generous. We’re growth-minded, we stay very nimble when it comes to change, and we’ve always been learning-based. 

SD: What’s your approach to leading your team?
VF: The EOS [Entrepreneurial Operating System] Traction process is our management style. Everyone’s clear on what the vision is. We’re always discussing what our issues are, and everyone is participating, helping with this vision and mission, and helping us move the rocks up the mountain. If anyone’s wanting to improve their management style, ensure everyone is clear on what their role is.

SD: Communication is key to your team’s workflow. What tools are you using?
VF: We communicate via Slack non-stop, seven days a week, from eight in the morning to 10 or 11 at night. Slack has become a way for us to communicate and be invested in each other’s business. We [also] meet every Monday in person. We have a clear agenda as to what went on the previous week, we allow our listing agents to share their up-and-coming listings or their challenges with their listings, and together with our buyer’s agents, we learn what types of buyers they’re working with to see if there’s a fit. We talk about industry challenges and we’ll have vendors [come in], as well.

SD: You’ve built a powerful presence on social media. What’s your strategy?
VF: It’s about standing out in an ever-competitive market. We’re just being authentic. We’re a fun group. We want people to know that we’re energetic, we have a lot of passion, and we’re going to take a deep dive in everything we do. We wanted our brand and our culture to be true to who we are. What you’ll find with us is we celebrate our wins on social media. We share our lives on social media, from our children to our beliefs as far as the things we love. It’s our pets, it’s travel…we want people to get to know us. We want to be 100-percent authentic to who we are and who we are going to continue to be: bold, brave, fun, honest, the most hard-working people, and not afraid to take risks.

SD: You have a goal of $ 125 million in sales this year. What’s next for your team?
VF: We are looking to incorporate a new showing assistant model for our top producers so that they can continue to scale and grow their business—somewhat of a “team within a team,” giving them an opportunity to grow into the entrepreneurs they deserve to be without having to figure it out on their own, and leverage the resources that we provide. The stretch goal is $ 150 million, and we will be recruiting, as well. We’re really excited about where the industry’s going.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

The post Feet-First Into Leading a Real Estate Team appeared first on RISMedia.

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Ask the Expert: Branching Into Dual Real Estate Roles

May 18, 2019 by

Today’s Ask the Expert column features Demetrius Payne, a home inspector with Pillar To Post Home Inspectors and REALTOR®.

Q: When and why did you become a REALTOR®?
A: I became a REALTOR® in 2015. I loved what I did in the U.S. Navy and continued to do at Huntington Ingalls Industries shipyard in Newport News, Va. I also had a liking for real estate that came from buying, selling and investing. I would attend real estate seminars to hear the different ideas and possibilities in real estate, and after reading book after book, I decided it was time to give it a try.

Q: So, when you were ready, you sought a real estate license?
A: Yes, and I still love the concept of real estate and helping people find their dream home. Listening to people describe their dreams and trust you with their vision of the future is amazing, and I enjoy building that bond.

Q: When and why did you become a home inspector?
A: As I learned what it took to be a REALTOR®, and what was looked for in a home inspector, I realized that the military had not only taught me how to do my job, but also some underlying skills that would work as a home inspector. One such skill is being able to explain and teach at a level that people can understand so as not to scare them, but cause them to think and make an educated decision. In the Navy, we called it the Chicken Little Syndrome, but in real estate, it’s called being an alarmist. I still get to have that feeling of helping, but I think I’m a better resource as a home inspector.

Q: Can you provide an example of a home you found a surprise in?
A: I was taught to trust, but verify. There was a home that was beautiful inside and out, but when I inspected the crawlspace, none of the plumbing was connected to the city sewage system. Most serious issues are in areas that often aren’t examined when a buyer falls in love with a home. This includes crawlspaces and the attic.

Q: Is it wise to have a pre-listing home inspection if you’re a seller?
A: Yes, it is. Sometimes, the seller balks at an added expense, but the trick is to find the small things that need to be repaired and do those yourself. Something that may cost $ 100 to repair might cost you $ 1,000 when the buyer’s home inspector finds it, which could lead to a reduction in the price of the home. A pre-listing home inspection will tell you exactly what shape your home is in so that you can price it accordingly.

Q: Is all this work stressful?
A: It can be. In the Navy, we used to go up on deck and “put it on the water.” Whether it was talking, crying or just sitting there in thought, you would “put it on the water” in order to focus on the goal ahead. Since I live in the Virginia Beach area, I have a modified version where me and my wife—and sometimes the grandkids—go to the beach, and while enjoying them, I can “put it on the water” and focus on the goal ahead, which is right in front of me: family.

For more information, please visit www.pillartopost.com.

The post Ask the Expert: Branching Into Dual Real Estate Roles appeared first on RISMedia.

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