News: Brokerage

Real Estate Coaching: I'm a top producer - No, really I am!

Every commercial real estate firm in New York City is looking to grow in one way or another. Some firms are looking for top producers to assist them in originating new business, while others are looking for support personnel to help them facilitate the business won. Securing those individuals who can originate business is still a premium to commercial real estate firm owners and managers. Through coaching and formally assessing thousands of commercial real estate, commission-based, professionals, we know that top producers are people who are generally able to make decisions more rapidly, are persuasive and are able to find and win new business opportunities. More specifically: 1. Top producers tend to be highly "assertive." This implies they are likely results-oriented and direct. They are focused on getting deals completed. 2. They are also situationally "social." They are likely able to be social when needed, but don't have to be the center of attention. 3. Top producers are typically low in "calmness," which is not a big surprise. They tend to be responsive, seek constant change and be fast-paced. 4. Finally, they tend to be low in "conformity." They are likely self-reliant, individualistic and independent. Those with low assertiveness are generally challenged to prospect effectively, to find new opportunities; so they must focus on these issues. Likewise, those with low sociability generally will not easily engage in personal presence activities. When we coach people like this, we usually focus on physical and digital efforts to create a greater presence. The next time you recruit for an originator position or consider a team restructure, look beyond the resume and the sharp outfit. Be sure to assess the prospects' natural behaviors as well. Being a nice person is nice, being a great fit is better. Rod Santomassimo is the founder and CEO of The Massimo Group, Cary, North Carolina.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their