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Creating a Social Media Policy for your Company

By
Education & Training with BHG Real Estate

It is 10 o’clock Monday morning – do you know where your company’s reputation is? As sites like LinkedIn, Twitter, and Facebook become intertwined with business uses, real estate companies need to establish guidelines and best practices.

Whether we want to admit it or not, companies are learning that social networking, used properly, can be an effective business tool. We know by experience that having your sales associates involved in the community can enhance your company’s reputation and bring in more business. We are now embracing the concept that our sales associates can blog, tweet, and participate in forums and social sites and also increase business — so long as it’s done right.

But how do you monitor the conversation? You need a social media policy that explicitly lays out what is and isn’t permissible, both on the company’s network and outside of it if sales associates presenting themselves as representatives of the company.

If you do decide to take the “easy” way out and just block social networking sites at the company firewall, remember that what people post from home can still affect your company’s reputation.

How to get started

Consider creating a task force with people in your company who understand policy and procedures and others who are responsibly using social media. Together they can create a company platform. As always, before you can develop a policy, you need to define the company’s overall attitude toward social networking. A well executed social media strategy helps consumers and licensees follow an online dialogue protocol that shows promise of a successful outcome for consumers in real estate transactions. Create a statement that reflects the company’s mission statement and commitment to the consumer.

* Do you know what your agents are doing on the web?

* Do You Know Where Your Agents Are Placing Their Listings and What Other Listings They Are Claiming

* Copyright Dos and Don’ts

* Logos and Company Names - Who has the authority to start an Online Group using a Registered Trade Name?

* Q & A Platforms – Are they generating leads in the discussion thread, or are you putting your real estate license at risk?

Social Media Tools To Monitor and Maintain Reputation Management Controls

Educate agents in the correct use of tools to avoid problems and pitfalls and engage consumers in a fashion that will BUILD and ENHANCE a company's reputation online. Remember to always reward responsible interaction on line. If you can show examples of online fires doused as well as positive examples of building reputation online your sales associates will be better informed. Consider hiring a social media director for your association or your company.

Brokers and agents need to learn how to use tools to MONITOR their online presence. Google or Yahoo Alerts. Set up alerts based on your companies name, principals names, etc. These alerts will send you an email every time one of your search words is found by the search engines.

http://www.google.com/alerts

http://alerts.yahoo.com/

Twitter Search

http://search.twitter.com

http://tweetbeep.com

StepRep http://myfrontsteps.com

Yelp http://www.yelp.com

Here are some other reputation management tools to look at. They charge a fee but will do the time consuming work for you.

Privacy Gurus http://www.privacygurus.com/firm.php

Quality Service Certified http://www.qualityservice.org

Incredible Agents

http://www.incredibleagents.com

Real Estate Ratingz

http://www.realestateratingz.com

Brad Snyder
Sierra Vista Realty - Sierra Vista, AZ

The internet is changing how we communicate and creating a office policy may be a great idea. Thanks for the insight.

Aug 20, 2009 04:04 PM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

HI Amy, I do all of those things for myself.

In most companies very few agents even know the term social media. Must less the Brokers knowing how to set up a policy. Maybe in the future.

It scares me to death to think a broker with no  knowledge would "try" to set up a policy. We should all monitor our own online rep.

 

Aug 21, 2009 12:04 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Amy:

This is becoming a hge issue, and I suspect manay companies, not jsut real estate, have really thought much about it until something happens. It can be a monumental task to monitor. These tips area smart things for individual agents to use as well.

The real challenge is in setting up a policy that can really work as opposed to being too restictive, or impossible to implement, especially if done by folks who have little or no clue about what they are trying to police. And of course one then needs to have a means for dealing with the violations.

Jeff

Aug 21, 2009 02:16 AM
Angie Ridley
Complete Realty, LLC - Flint, MI
Broker, ABR, CRS, PMN, WCR, At Home With Diversity

Hello Amy,

I have using Steprep, I did use Google, I'm trying it again.

I used to belong to QSC, loved it.  Then I found out those that weren't returning the mail, threw it out because it looked like junk mail.

Since I read your post I am trying "Incredible Agents".  I like the fact that it's online and I can send the link to my clients therefore the email is coming from me.  They are less likely to through away or delete right after a transaction.

As you know, I am a fan... Thank you...

Aug 30, 2009 08:04 AM
Anonymous
Amy Chorew

Angie,

 

Please let me know what you think of Incredible Agents. Your insight will be valuable.

 

Hope all is well!

 

Amy

Aug 30, 2009 01:51 PM
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