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Rainmaker
3,153,115
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

How do you define networking?  Some may think hanging around, talking about last night's Entertainment Tonight episode, gossiping about Shirley or whoever while eating day old donuts provided by that new loan guy is networking.

Feb 13, 2019 05:01 AM
Ambassador
3,060,745
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

While I don't hang out at the water cooler at the office, I do network with other agents from all over the city as well as nationally.

I attribute long-standing great relationships with my peers locally to winning bidding wars when I bring them my buyers and smooth transactions are also a result of the great relationships.

Those relationships with agents across the US provide a solid referral base as well. 

Feb 13, 2019 06:33 AM
Rainmaker
2,854,561
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Can't say that I do... at least not locally. I try to build great relationships with local agents during the course of a transaction. Beyond that, not sure what the payoff is for investing time to network with local agents. Networking with agents outside my area is a different issue... they are and can be a source of referrals.

Feb 13, 2019 05:17 AM
Rainer
168,430
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

It not what you know, it’s who you know. Networking is working for the future opportunities, not the present

Feb 13, 2019 05:04 AM
Rainmaker
253,540
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Depends on how you network, I spend allot of time w/ other agents serving on BOD , committees, Active Rain etc...Talking shop generates referrals and playing match maker for my listings & Buyers. Knowing local agents has also provided a competitive edge in multiple offer situations on more than one occasion. Who ever wrote the article you read did not do their home work!

Feb 13, 2019 06:48 AM
Rainmaker
588,570
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I do enough... I'd argue that a positive relationship w/ another agent CAN favorably impact our income via effectiveness of transaction, winner of a multiple offer, education of best practices & grossly undesirable practices, etc. 

Feb 13, 2019 05:33 AM
Rainmaker
1,799,368
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Quite a bit - I teach at four Realtor Associations

Feb 13, 2019 05:25 AM
Rainmaker
3,054,784
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is easier to deal with those you know. I do stay in touch with several agents who can benefit me with their inventory or moving mine!

Feb 13, 2019 05:18 AM
Rainmaker
2,892,790
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

No, I make money by selling homes. SO most of my time is spent getting listings, showing listings, getting offers accepted. Then making sure said sales sells and repeat, 

Feb 13, 2019 05:00 AM
Rainmaker
4,187,696
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

In the business  of commercial real estate arena we were in, we did stay in touch with certain agents who represented a certain type of client that would fit a listing we had.  For instance, we had a 10,000 square foot penthouse listed in an office building, and we knew several agents who had prestige driven clients.  We would check in with them.  And vice versa some would check in with us. 

Feb 13, 2019 05:17 AM
Rainmaker
495,434
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Peter ~ I just came back from one of the best networking events in Sell-a-Bration for CRS.  It is a great way to meet agents from across the country that will refer clients to you if you make the effort to connect with.  I am very intentional about meeting new agents an event like that (or NAR Mid Year or NAR Annual)  and pick up great ideas from some of the best agents.  In regards to local agents, I don't go out of my way but always play nice in the sandbox so that I offers that I submit have a higher chance of being accepted.

Feb 13, 2019 07:30 AM
Rainmaker
913,050
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes, any time I can. 

Feb 13, 2019 06:58 AM
Ambassador
1,576,446
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I network naturally through meetings but my busziness is not about referrals in but more about referrals out.

Feb 13, 2019 06:34 AM
Rainmaker
1,493,985
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Almost Zero Peter Mohylsky, Sowal Expert . They don't buy from me or refer to me.

Feb 13, 2019 05:42 AM
Rainmaker
713,699
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not specifically, but i talk to several different agents at training classes, etc.

Feb 13, 2019 05:08 AM
Rainmaker
712,446
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Only when the occasion  presents itself, I do not go out of my way.

Feb 13, 2019 06:51 AM
Rainmaker
4,789,919
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Some.

Feb 13, 2019 06:41 AM
Rainmaker
2,781,545
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would prefer to network with potential clients.

Feb 13, 2019 06:13 AM
Rainmaker
1,474,513
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

No & for the exact reason you say. There is also too much/many war stories that really don't get anywhere.

Feb 13, 2019 05:28 AM
Rainmaker
4,744,793
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I like to occasionally have conversations with other agents and often we help each other!!!

Feb 13, 2019 08:45 AM
Rainmaker
2,733,214
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Networking with other agents ... other than here in the Rain ... not so much. 

I have a few local friends that I do social things with who are real estate agents. 

Feb 13, 2019 07:41 AM
Rainmaker
2,391,727
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

What a good question....NO

Feb 13, 2019 07:14 AM
Ambassador
3,891,418
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

All the time.

Feb 13, 2019 05:19 PM
Rainmaker
1,230,162
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

I spent time developing good relationship with agents through being competent during transactions.   I was also involved in the assocociation so eastablished myself as a leader.  I did not spend much time around the water cooler or attending events specifically for agents, except when I was the President of the Association.  

Feb 13, 2019 12:41 PM
Ambassador
2,901,842
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

If you consider talking on the phone...then yes. I speak to at least one agent outside my area every day.

 

Feb 13, 2019 10:46 AM
Rainmaker
1,187,958
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not too much time, but I do spend some time.  I go to a monthly listing pitch meeting, a monthly lender mixer and I used to host/put on events within our association when I was on/chairing the YPN committee.  Plus I'm on here networking in the Q&A.

 

Have I gotten business directly from it?  Yes.  I've sent a referral out a couple years ago to an AR member, plus in the local area I have name recognition now and it's no longer "Are you Ron's son?" it's now "Hi Ryan, I remember you from XYZ event" and it's helped with offers and getting info.  Plus, on a rare occassion or two my father has called someone and they asked "Any relation to Ryan?".  That's always a fun one!

Feb 13, 2019 10:34 AM
Rainmaker
696,311
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Probably not as much as I should

Feb 13, 2019 10:10 AM
Ambassador
1,233,589
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

online only and never with local agents!  We're not in a multiple offer market so I don't have to concern myself with influencing an offer like others have mentioned.  I see no point in it and when I need opinions, it will be from John Q Public and not a biased or jaded realtor ;)

 

Feb 13, 2019 09:57 AM
Rainmaker
983,927
Corinne Guest
Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Not at all. I would rather be generating leads or talking to clients/prospects.

Feb 13, 2019 09:40 AM
Rainmaker
675,959
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Yes, some amount of time to get involved in the industry and colleagues. I pays back dividends in many ways.

Feb 13, 2019 07:52 AM
Rainmaker
893,116
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Daily in The Rain and weekly in Buffini & Company 

Feb 13, 2019 05:46 PM
Rainmaker
1,103,836
Joyce Marsh
JOYCE MARSH REAL ESTATE COMPANY - Daytona Beach, FL
Million Dollar Guild, Luxury, CLHMS, CNE, SRES

Yes I do. 

Feb 13, 2019 05:29 PM
Rainmaker
493,512
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Not so much in person. I do on the phone but it's part of discussing actual business. 

Feb 13, 2019 04:39 PM
Rainmaker
53,816
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

Not at all Peter. They are not my friends, they are my competition!

I usually go to tons of brokers OHs and usually in and out...;)

Feb 13, 2019 02:21 PM
Rainmaker
658,176
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Ahhh, networking! So that's what we're calling it these days! 😎

Feb 13, 2019 12:01 PM
Rainmaker
5,121,016
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No.

Feb 13, 2019 11:46 AM
Rainmaker
3,963,190
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There is no set amount of time or when

Feb 17, 2019 04:13 PM
Rainmaker
3,956,195
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have REALTOR friends and we meet usually once a month, but it is to catch up with everyone's lives, not to network.

Feb 17, 2019 06:27 AM
Rainer
301,968
Melissa Jackson
Citiwide Alliance Realty - Weatherford, TX
Helping You Make The Right Move

I do enjoy networking with agents and other vendors on occasions.

Feb 15, 2019 09:22 PM
Rainmaker
2,965,797
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Every Friday mornng at the local board marketing meeting.

 

Feb 15, 2019 08:37 AM
Rainmaker
4,429,923
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Feb 14, 2019 04:58 PM
Rainmaker
724,181
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

hmmmm, taking that logic one step further, the only time an agent is making money is at the closing table.

What we know to be true is a whole lot of stuff happens long before anyone writes a check.

I do spend time NETWORKING with Dunedin and Palm Harbor 'niche' real estate agents. One agents ugly duckling is the others swan.  Networking aids in sorting ducklings and establishing the right reciprocity.

Like so many things, if an agent can't make it work it won't be a money maker. Some agents can't make an open house work. And there you have it.

Feb 14, 2019 08:43 AM
Rainmaker
1,494,313
Sandy Padula and Norm Padula, JD, GRI
Realty National & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Not too much for the exact reason you cite

Feb 14, 2019 07:22 AM
Rainmaker
621,515
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I spend time networking with out Team members, of course. I spend additional time networking with other agent of our brokerage. I also attend the occasional marketing meeting or area agent where networking is the order of the day.

Feb 13, 2019 09:13 PM