News: Brokerage

Coaching: Personal, professional and financial growth - Rod Santomassimo

Running a coaching organization that has worked with thousands of commercial real estate professionals over the last 13 years, it is easy to identify which ones have grown the most. Growth comes in many forms. There is financial growth (substantially earning more commission and fees). Then there is professional growth (the ability to navigate market and transactional obstacles more easily) and then there is personal growth (creating more margin in your life to spend it doing the things you love, or with the people you love.)

Recently I attended a conference, facilitated by Brandon Dawson, who summarized these growth segments and the variables to achieving them. Brandon suggested there are three intellects. There is intellectual ignorance, which is understanding you don’t know. Then there is intellectual arrogance, which suggests you think you know, and finally there is intellectual curiosity. This is you wanting to know more and being open to the fact that you don’t know.

Put it another way, think of a pie chart. Let’s assume 2% of the pie represents everything you know. Then another 5% reflects everything you know you don’t know. For example, a real estate broker may know how to sell a building, but realizes they need to know more about DSTs. Now the final 93% is the fact that you don’t know what you don’t know.

And when you are intellectually curious about the items that you don’t know what you don’t know, is where your exponential growth begins.

Rod Santomassimo, CCIM, is the founder and president of the Massimo Group, LLC, New York, N.Y.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of