News: Brokerage

Commercial classroom: Cell phones - Can't live with them, can't live without them

This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Cell Phones - Can't live with them - Can't live without them. Cell phone definition - A hand held devise that can interrupt us at any time! Of course there are tremendous benefits to today's technology; making emergency calls from anywhere (where there is a cell tower) and many phones are computers with e-mail and internet access. In our business this instant communication can be a big help. How and when these phones are used must be thought about. There is the safety issue, talking or texting while driving, can be a serious distraction. Even the cars with phones built in; what are you thinking about while you are talking, the conversation or the road? Sometimes, being anxious to answer every call, may give another person that your with, a sense that the person on the phone is more important that them. Not a good impression for a client or customer. One of my agents told me the following story. He was showing property that he had listed for lease. Another agent brought a potential tenant; the owner met them to open the building and meet the tenant. As soon as they began a dialog, the owner's cell phone started ringing; he excused himself and took the call. After, he started to talk about the building, and his cell phone rang again. The tenant patiently waited to ask a few questions. His agent's phone rang too, and the agent took the call. To really top things off the owner had a second cell phone, which of course went off; he was now talking on two phones! My agent assisted the tenant as best he could, but the potential tenant was obviously turned off by the lack of courtesy displayed by the owner and even his own agent. The owner's actions delivered the message; I have more important things to deal with than you. Agents, when you are with a client or customer shut your cell phone off, give them your undivided attention. At showings, ask all parties to put there phones on mute during the tour. When we answer the phone our attitude can be heard at the other end of the phone. The tone of our voice, the speed at which we talk, the language we use all deliver a message. Receiving a call interrupts what we were doing. Are we ready to project our best image to the caller? Are we ready to stop what we were doing, to give the caller our undivided attention? Or are we trying to do two things at once showing a property and talking to a new customer, as quickly as possible, to get back to the showing? Don't take the call, finish your showing, retrieve your voicemail and call back with a great attitude and full attention, which gives the right first impression. Hint: before you answer or dial the phone take a deep breath and smile. That smile will be heard! How often do we get voicemail when we call someone? Prepare for this too, it happens so often that we should assume we are going to have to leave a message. Clearly state who you are, why you are calling, and how to reach you. If you start playing "telephone tag" with someone leave a definitive time and place they can reach you or advise them you will respond by e-mail. People have a tendency to regularly check there e-mails and texts on there phones. But retrieving your voice mail requires the extra steps of dialing out and entering a code; sometimes this is not checked often enough. When driving through a "dead Zone" the phone may not ring but a voicemail may have been recorded, which would appear when you get service again. Our cell phones make communication easier, but how and when we use them communicates other messages. The customer or client you are out with, or the calls you are talking deserve your uninterrupted attention. Edward Smith, Jr. CREI, ITI, CIC, RECS, GREEN, MICP is the northeast regional director of Coldwell Banker Commercial NRT, Syosset, N.Y.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced