I Hope I Blow it 100 Times More This Year!

By
Real Estate Broker/Owner with J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY License # 49FA1074963

Empire Access MLSTonight was the installation party for the Hudson Gateway Association of Realtors. Executives and directors of both HGAR and the Empire Access MLS (EAMLS) were sworn in for 2012, along with drinks, dinner and dancing. This will be my 3rd term as MLS Vice president, and it doubled as date night for me and Ann. 

One of my agents took the initiative to attend, and being a newer agent, she took it all in with great interest. It was a chance to be in a social atmosphere, but of course the chat always veers toward business. Barbara, my agent, brought up a deal she is about to have clients sign contracts for on a condo worth over $700,000. Even in Westchester, that is pretty good, and I told her so. 

She kidded me "You blew it by giving me those buyers!" and we had a giggle about that. I explained that I actually didn't blow it- she made the sale. Had I taken it myself, not only would I parhaps not make the sale, but it would take me away from running the company. 99% of buyers are given to the agents like her, and my efforts have to be more toward listings and overseeing our growing team of 25 agents. That is how we are building the company.

If I were to cherry pick high dollar buyers and throw the scraps to the team, I'd lose. Not only would it sow discontent with the team, it would take my eyes off the ball and the plan which has enabled us to progress these past few years. When I am running around with one buyer, I am being an agent. I have to be a broker and get more buyers to my agents- not keep them for myself. When my team wins, I win. I remember my first boss out of college in another industry telling me "Rich people cash big checks, truly wealthy people write them." I never  forgot that. 

If she keeps getting accepted offers like this one, I am only too happy to blow it more often. 

Comments (32)

Surprise Arizona Realtor Jim Braun Sun City Grand Active Adult Communities
Coldwell Banker Residential Brokerage Jim Braun Sun City Grand Az - Surprise, AZ
Surprise AZ real estate Phoenix West Valley

Phil: You will have great success as you have the right attitude and mind set. It is not all about you it is about your team as they will make you successful because you reward them.

Jan 19, 2012 11:48 PM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

A lot of brokers could learn from you Phil.  I would for your company any day.                                            

Jan 20, 2012 12:54 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Phil..... your philosophy on how to run a team (office) is right on the money..... too many brokers throw the agents scraps and keep the cream of the crop for themselves..... you know what your job description is and that's why you have a stable, growing office that is growing and strengthening.... congratulations, phil.....and congratulations to your sales force for making the right choice and joining your office...suggested this post....it should be read by all broker/owners/ managers and agents.

Jan 20, 2012 01:04 AM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

How fun is that??   And for a newer agent she will remember this for a very long tme!!!  Great job!

Jan 20, 2012 01:11 AM
Michael S. Bolton
Michael S. Bolton,Inc. - Zimmerman, MN
MN Appraiser

Phil~What a great attitude, and a great way to build a business. Keeping an eye on the bigger picture is very tough for some business owners, which many could learn from your example.

Have an awesome day!

Jan 20, 2012 01:13 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Phil - Congrats on serving on your area!  I was asked twice but that was in the height of the market and I didn't feel I had the time to dedicate to serve.  Looking back I should have stepped up and served.  Where there is a will there is a way.

Jan 20, 2012 01:15 AM
Ken Tracy
Coldwell Banker Residential - Naperville, IL
Helping clients buy and sell since 2005
Hi JP. Good for you and your agents! I enjoy reading your posts about your brokerage. It is my dream to start my own someday... Thanks for writing! Ken
Jan 20, 2012 02:41 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Kudos to you (high five hand slam sound)! Way to go as the mls little red hen leader.

Jan 20, 2012 02:42 AM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Perfect way of looking at it on many levels, Phil.  I can more than understand why folks would want to work for/with you.

Jan 20, 2012 02:46 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Looking out for the greater good, in this case the good of your company, is never a bad thing.  Congrats to you and your agent on this one.

Jan 20, 2012 03:35 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Phil great attitude, but then you are a classy guy and get it that running a company is different than just being an agent.

Jan 20, 2012 04:56 AM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Phil, your attitude will go a long way in helping you retain great agents. 

Jan 20, 2012 06:27 AM
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

Congratulations on the big night out!  No one can handle everything & you are smart to delegate & support your agents.  Believe me, buyers take up A LOT of time.  I couldn't be doing this and running an office or a business.  As it is I meet myself coming & going!

Jan 20, 2012 07:10 AM
Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

Just over here from Barbara's reblog of your post.  You epitomize the definition of leader and i know you have very happy agents working in your office.  That type of leadership is bound for success for sure.  Congrats to you and your agents Phil!

Jan 20, 2012 08:04 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Phil, You make us all proud...who wouldn't want to be with your company.

Margaret

Jan 20, 2012 10:19 AM
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hey J Phil,

Once again I am inspired by your post.  I have to make it up to Westchester to meet you sometime.  Your wisdom is helping me to shape and grow my brokerage business.  Best of success to you and your team this year!

Jan 20, 2012 12:36 PM
Chiara Petro
eXp Realty - Angie Cody Team - Knoxville, TN
Your KEY to Home Sweet Home - Knoxville TN

Phil, I wish more brokers followed your business model. This is an inspiring post and I hope it is widely read and embraced.

Jan 20, 2012 01:13 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Congrats to you for being involved in our Realtor community!   I too enjoy working for our Realtors, and am in my 2nd term for Board of Director for our local Board.      Many years ago, my broker was getting on a plane, and gave me a lead, said --- no charge, you take it.    I sold her house and had both buyer & seller, and the purchase!    Not bad!

Jan 21, 2012 05:49 AM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Thanks, Philip.

  I left a company some years ago, because the Owner was keeping the choice customers for himself.  

Jan 24, 2012 06:31 AM
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Phil -- congratulations on having such a great business model and sticking to it!  Also, may your service to the local MLS keep them going in the right direction to better assist the agents and clients.

Jan 24, 2012 07:10 AM

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