So many recent articles and posts have focused on these “new” real estate practices and how they are all reducing commissions, going to drive the stodgy old guard out of business and revolutionize the industry. I’ve also both read and listened to a lot of “traditional
New Book – Must Read!
Editor’s Note: I’m excited to introduce Seattle Eric as a new contributor on RCG. It must be six months ago that I first approached Eric to see if he would be interesting in coming on as a contributor because I really liked the writing style he demonstrated on his blog about life as a Seattle real estate investor. Now that he’s bitten the bullet and switched to a career as a real estate agent, I’m even more excited to have him on board!
For my first post on the RCG, I’d like to promote my new book, which so happens to also be a topic of much interest recently. All proceeds will benefit…well..me.
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(available while supplies last….shipping and handling extra…)
What is more dangerous: censorship or self-censorship?
At yesterday’s seminar, the issue of liability came up (as it always does) with many agents worried that they could get in legal danger for content that they write on a blog. My summary of what Russ is able to say quite eloquently is that the type of content that is legally appropriate for an email or other correspondence is the same for a blog. In other words, if you’re not allowed to call a neighborhood “family-friendly” to a client in person or in an email, then you can’t do it in a blog. The take home lesson is that blogging is like all other business endeavors in that an agent needs to use common-sense when blogging.
While liability is interesting, I find the concept of censorship to be a much bigger danger for the real estate community. To give an example, yesterday someone requested that I take down a set of comments he had written (over a month ago) on RCG because the powers that be (most likely his broker) did not want him blogging. Considering his comments were part of a long dialog that was already read and commented upon by hundreds of people, the request seemed hopelessly short-sighted on the part of his broker. Nonetheless, I did make the changes he requested. But this got me thinking… There really are two types of censorships that are common in the way that the real estate industry operates online:
- Censorship: When agents are censored by their brokers/industry
- Self-censorship: When agents simply refuse to take part in an online community because they are afraid that the “powers that be” might not approve of their comments
Personally, I think self-censorship is the real danger in that agents don’t even take the chance to push the limits of what it means to create an online community. If the censorship is overt, the conversations over and an agent can either live with the consequences of not having an online “voice” or move to a new broker. But when the censorship is self-imposed based on a climate of uncertainty, I think agents will have a much harder time demonstrating the expertise that they can provide to their potential clients. It seems obvious to me that agents need to have a high level of freedom if they are going to differentiate and successfully market themselves online.
Thanks to SoCal Agents for Another Successful Bloginar
Russ and I just returned from giving a Bloginar in Bel-Air today and it was a blast!
I’d call it a success as the audience seemed engaged and there were lots of side questions and side discussions during the breaks. It is obvious to me that blogging in real estate is still in its infancy, and while it may not be an appropriate tool for all agents, the technologies involved are here to stay. Personally, I have a lot of fun at the seminars as I enjoy engaging others in a conversation about how real estate professionals can use blogging to create a community around real estate.
Note that if you’re looking to see how a blog post can generate a fascinating discussion around a real estate topic, check out Russ’ post from two days ago where he inspires people to discuss real estate commissions with a simple two paragraph post (and a link!).
By the way, if you were one of the attendees at today’s seminar, please consider leaving some feedback on how you think it went. Your feedback is crucial for us to know how to improve the seminar into the future!
Thanks again for everyone who showed up for making it a success!
Best Places to Live/Microsoft
Bellevue is #21 of the top 100 best (smaller) cities to live in around the Country . What’s up with the “Biggest Employers” section though? U-Dub #1 at 25,000, Microsoft not listed?
How many employees DOES Microsoft have working on the Eastside?
Top Ten Things A Home Inspector Says
[photopress:top_10.jpg,thumb,alignright]It’s Time for another Top Ten! Those of us who have been to 100 too many home inspections can practically stand behind a home inspector and mouth what he is going to say next, when it comes to these “Top Ten Things A Home Inspector Almost Always Says”. No we don’t do the two finger rabbit ears behind his head 🙂 I swear we don’t!
NUMBER ONE:
You need a GFI over here by the sink, oh and another one over here in the master bathroom, and one down here by the kitchen sink…and one more out here in the yard, at the outlet next to the hose bib.
NUMBER TWO:
Contact…contact…Earth-to-wood contact over here.Get that firewood AWAY from the HOUSE!
NUMBER THREE:
Now this here tree is planted WAAAAY TOO CLOSE to the HOUSE!
NUMBER FOUR:
You want to treat the roof for moss BEFORE you get moss. You can spray the treatment on with a hose from on the ground. But first you have to get the moss off the roof, because the treatment will only keep moss away. It won’t remove the moss you’ve already got. I tried to get a website link for you, but lots said we should all trash our roofs and get metal ones. Moss can’t grow on a metal roof. Pretty noisy neighborhood if it starts hailing on all the metal roofs.
NUMBER FIVE:
NUMBER SIX:
Pine needles on the roof, in the valley flashings and in the gutters.
NUMBER SEVEN:
Chimney flashing. if I had a nickel for everyone of these…
NUMBER EIGHT:
Hanging gutters, loose gutters, missing gutters, gutter downspout too close to foundation, divert water further away from the house.
NUMBER NINE:
CAULK! Take out the old caulk…put in the new caulk. Caulk inside where the tub meets the tile. Caulk outside of the tub where the tub meets the floor. Caulk around the kitchen sink. Apparently we all need many tubes of caulk in various colors, including no color at all!
And NUMBER TEN IS!
UH OH…NO TAG ON THE HEATER! OLD TAG ON THE HEATER! NO TAG DATED 2006 ON THE HEATER!
2ND INSPECTION NEEDED TO HAVE AN HVAC QUALIFIED INSPECTOR SERVICE AND INSPECT THE HEATER.
What brings nerds to blogs?
Find out for yourself on Slashdot today. The discussion: what brings users to blogs? I tend to read blogs that have daily posts and have something I find interesting at least once a week.
KIRKLAND – Classic Car Show!
[photopress:57_vet.jpg,thumb,alignright]Nothing makes me weak in the knees like a Classic Car Show! I used to be able to tell a Corvette, through the end of the mid-years, just by looking at it. This 1957, year of the “fuelies” model is one of my favorites to look at, but a ride in a 1967 Corvette is unforgettable!
This Sunday, July 23, 10 a.m to 4 p.m., don’t miss the Classic Car Show in Downtown Kirkland. To get in the mood, click on this link to Legends Car Club, the event’s sponsor.
No entiendo su lengua (I don’t understand your language)
[photopress:Flags.jpg,full,alignleft]One of the things I don’t understand is the near total absence of non-English real estate web sites. Maybe the industry is too distracted by Web 2.0 and other battles in front of them to notice & exploit this HUGE opportunity. Perhaps I’m looking in the wrong places. However, I believe if Google has difficulty finding what I’m looking for, it’s probably hard to find.
Having spent many years at Microsoft, I learned the value of software localization. You may be surprised to learn the Microsoft makes over 40% of it’s revenues from outside the United States. Frankly, you haven’t lived as a software engineer, until you’ve seen your code running in Japanese and Hebrew. (In case your curious, Hebrew & Arabic is much harder to deal with than East Asian languages). Another data point is that my bank (Washington Mutual) has ATMs that speak English, Spanish, Chinese and Russian and offers offer free homebuyer education workshops in Spanish.
Although, all real estate is local, not all real estate consumers are locals. According to the 1990 & 2000 US Census data, the percentage of people in the US who don’t speak English fluently is growing. Over 10% of our population only speaks Spanish. The number of Asian only language speakers in the US is growing at rate similar to (though smaller in number) to the Hispanic population.
For example, John L Scott, Windermere, & Coldwell Banker Bain, all let you search for a bilingual agent. Unfortunately, that feature of their web sites is only useful if you know enough English to understand you can search for bilingual agent! If you don’t understand English, how are you going to be able to find that feature to begin with? There’s not a single word of non-English content to be found on their web sites. That major shortcoming aside, I have to give them credit for at least trying to make things easier for the non-English speaking public.
Fortunately, I’m not the the only one who thinks this way. There are industry advocacy groups such as the National Association of Hispanic Real Estate Professionals and Asian Real Estate Association of America that are trying to make things easier for Spanish & East Asian speaking consumers & real estate professionals. A Latino Advertising & Marketing blog entry, states (surprise surprise) that bilingual real estate agents are in demand with Latino home buyers. And if you or your web site doesn’t speak their language, ColConnect is a company that can help you, since they focus on bilingual web design & marketing for real estate & mortgage professionals. An example of their client web sites can be found in English and in Español.
OK, so your thinking, how can I take advantage of this? Here’s what I’d do…
If your bi-lingual or multi-lingual advertise that fact. Join an industry advocacy group such as NAHREP or AREAA. Make your web site multi-lingual. Have one side of your business card in English and the other in your second language. Exploit your linguistic superiority!
If your not bi-lingual, make friends with somebody who is. (Maybe you can hire them as translators?) Link to relevant foreign language real estate content. You should also make your content machine translatable. I don’t speak Spanish, Chinese or Russian, but I know computers that do (which is the next best thing to knowing people who do). Read old Rain City Guide postings and get creative.
If you speak any language, (foreign or domestic) talk with the MLS or your broker and see if there’s a way to change to MLS schema so that it’s contains remarks in Spanish and other foreign languages. As along as they are in the database, perhaps they can increase the size of the remarks field, so agents won’t be compelled to use abbreviations anymore (and make life easier for software translators). Perhaps, the MLS can add $25 to the cost of a listing to cover the cost of a human translating the remarks section into 4 or 5 different languages? After all, why should the listing agent or seller care what language the buyer speaks, as long their check doesn’t bounce? Anyway, I suspect MLSes are limited by their software vendors, and if enough professionals demand these features from their MLS, it might just happen someday. Remember, it wasn’t that long ago, that sold data was a pipe dream too.
Make sure you when you develop your web site’s content or enter listings into your MLS, you use complete sentences with proper spelling, simple languages, and no abbreviations. Then visit a site like AltaVista’s Babel Fish, World Lingo or Google’s Translate and verify that your translated test looks OK. You may not understand the translated page, but if your translated page comes back with a lot of English words & abbreviations, you’ll know you need to revise it so the computer will do a better job of translating it. Translate the text twice (English to foreign language and back to English) and if the text comes back funny get a thesaurus and try to pick words that the computer less likely to get confused with. Even though computers don’t translate human languages nearly as well as humans do, they are better than nothing at all, (they are also much cheaper than people and getting smarter every day).
I’m shocked by the total lack of multi-language MLS search tools and foreign language realtor web sites. I would’ve thought that large brokers would’ve smelled the money by now and pursued this opportunity more aggressively. Regardless, I’m planning on getting Zearch to speak a second & third language by the end of the year and I suspect that others will follow my lead since the demand for non-English real estate services is only going to grow. After all, money is the universal language that everybody understands.
You Have to Wonder….
And some ask why the government is so fixated on organized real estate. It is because of this mindset and the audacity to shout it out to the world…
I tactfully tell my sellers if I reduce my commission to 4 percent or 5 percent, the buyer’s agents will show my listings last only after showing the full-commission listings. Whether it’s ethical or not, that’s what happens.
Full article on Inman (subscription required after a day)
-Russ