NETWORKING WITH OTHER REALTORS...IS IT GIVING BUSINESS TO THE COMPETITION?

By
Real Estate Agent with Berkshire Hathaway HomeServices PenFed Realty
Long time, no blog! Today's entry is inspired by a message board post in which many thought networking with other Realtors is a waste of time and essentially giving buisness away! Being a newbie, I don't have alot of money to join alot of the organizations and whatnot! But networking is still a BIG part of the process. Living in Washington, DC there are alot of foreign embassies that have parties and gatherings and whatnot, I go to them, that is a strong possiblity to meet with individuals who will need somone to help them buy or list their home. As mentioned in a previous blog entry, I strongly suggest having a seperate set of cards to hand out to other RE professionals as opposed to the basic cards you would hand out to those who are going to want to buy/sell a home through you. I don't see how networking with other agents is a waste or throwing business to the competition, if you are REALLY loving Real Estate like I do, you will find a way to come up with some of your own original concepts that "flocking closely" with the competition won't hurt you at all. How else are you going to get agents with buyers to come look at your listings? It makes perfect sense when I get a listing to call so and so and see if they have any buyers interested in a listing I have, I mean if I have networked with and exhanged information with 10 agents last Saturday, get a listing the following Tuesday, that's 10 potential offers that could go in on the property, that's how I look at it! Your thoughts?
Posted by

Shantée Haynes
REALTOR®
Berkshire Hathaway HomeServices PenFed Realty
216 7th Street SE
Washington, DC 20003
DIRECT: 202-355-5544
OFFICE: 202-608-1880

Comments (2)

Casey Joiner
Scenic Sotheby's International Realty www.caseyjoiner.com - Destin, FL
Scenic Sotheby's International Realty

Shantee.  You have to get out there and meet them.  I walk in every open house that I drive by.  But here's the fine line.  I want them to know my face and that I am a professional.  That I carry myself well and have always been polite, knowledgable and sincere.

I do not however discuss my current successes or deals I have going or properties I am showing.  This is were the competition thing can come in.  What i go for in networking is that if they are asked about me or if they see my name....the things that come to mind are the things I listed above.  Too much information will be used against you....unfortunately that's just how the game is played.

So get out there...meet, greet, and stay positive and willing to help....just remember where to draw your line in the sand.

Thanks for the post

Jan 22, 2009 05:24 AM
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

SHANTEE HAYNES- I see that you still haven't joined a Real Estate Brokerage yet? Hope you find one soon. Its great to network. I am going to the NAMB this month.  A whole lot of mortgage brokers are going to be talking about the FHA Guidelines and more. E-mail me if you want more information on this. Great post.

Feb 04, 2009 06:25 PM