Virtual Gen Blue Experience

Get ready for a Gen Blue Experience® unlike any other. Virtual Gen Blue will encompass everything you love and have come to expect from a Generation Blue Experience® – including impactful sessions, top-notch entertainment, and networking opportunities.

This year’s Virtual Gen Blue will be split over two days, September 16 & 17, 2020. The first day will include our hallmark General Session, where you’ll hear from Coldwell Banker leaders, network members, and maybe even a surprise special guest. 

The second day of Virtual Gen Blue will be all about building your business. Take part in first-class mastermind sessions and panel discussions.  While some of the breakout sessions are for Coldwell Banker Affiliates only, some events will be open to all agents.


Join us at the 2020 Virtual Gen Blue for a performance and Q&A with special guest, American Idol Season 18 winner, Just Sam (Samantha Diaz). Hear her perform and share her inspiring story during General Session on September 16 starting at 2 p.m. ET. Check out Just Sam’s American Idol audition by clicking the button below. WATCH NOW

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The Coldwell Banker Global Luxury® program is excited to launch a new look at General Session on September 16 during the Virtual Gen Blue Experience®.


Sign up to receive Gen Blue updates or join our private Facebook Group, CBPR Social.

How to Grow Your Real Estate Business

Join Coldwell Banker Premier Realty, the best in Southern Nevada. Our approach to leadership is at the heart of our company culture. We will empower you to leave your mark on real estate through our dedication, training, and resources. 

In 2019 our per agent productivity was 53%* Higher than other brokerages in Las Vegas. More than just a number, this generates more satisfied sellers embarking on their next journey and more happy buyers starting their next chapter in a new home. We’re making a meaningful difference in the lives of our clients. 

When you are growing your business, the last thing you want to do is let anything fall through the cracks. That is where our in-house Transaction Coordination department comes in. Our transaction coordination team provides a comprehensive menu of services that helps agents generate additional business by handling many of the time consuming administrative and marketing tasks throughout a real estate transaction. 

But don’t take our word for it. Paula Burlison, a member of the CBPR’s Quarterly Best and America’s Best ranked agent in transaction sides, had this to say about their services:

Meet your Transaction Coordination Team 

James Duffield – Director of Transaction Coordination Division
Bei Duong – Transaction Coordinator Processor
Aric Lairmore – Transaction Coordinator Processor

Not only are James, Bei, and Aric your trusted allies during each transaction, they are also the life of the party. Whether it’s hosting the mimosas booth at our Annual Awards Celebration, participating in our holiday bake-offs, or socializing at our Golden Knights viewing parties, they are always up for a conversation and a good laugh.

Click here to read what other agents are saying about James and his team. Click the photo below to read all of our department reviews. 

5 Ways to Thrive on Zoom

It’s been three months since most of us in the real estate industry started working from home. Although our offices are open, Zoom meetings have become a staple in our day-to-day lives. Whether we are using it for training and coaching, client meetings, happy hours, or even Zoomba, we’ve had to restructure how we do business overnight. Even though Zoom classes have been essential to helping our agents thrive, I think we can all admit that we could use a breath of fresh air. Keep reading to see 5 ways to beat zoom fatigue.

  1. Zoom Free Zones
    Create a space on your schedule for focus time. You can do this daily or weekly. We have adjusted our class schedule to keep Fridays Zoom free. Now that our Fridays are free, we are bringing back our FB Group lunchtime dance party. Click here to see what our FB Group, CBPR Social is all about.

  2. Minimize Screen Distractions
    If you are like most people, you spend most of the meeting gazing at your own video block. Turning off your video screen can help you be more in the moment and engaged in the meeting. That goes for other people’s videos too. If you find yourself concentrating on checking out other people’s backgrounds, encourage speakers to use plain backgrounds to keep you focused.

  3. Take Breaks
    Make sure you are not taking meetings all day and to schedule breaks. There is science behind how often you should be doing so. Click here to learn how often to take them, and what to do during.

  4. Pick Up The Phone
    Zoom meetings became popular when we were unable to see people on a daily basis, but it shouldn’t replace a good phone call. Look at your schedule to determine if any of your scheduled meetings can be handled over the phone.

  5. Switch It Up
    We know that setting up a designated home office is the #1 way to get stuff done, but moving to a location with more light, or even just closer to a window, can help you feel more focused on the meeting at hand.

Do you have any surefire ways to beat zoom fatigue? Let us know in the comments below. You can also take our survey here to let us know if there are any classes you haven’t seen but would like to attend.

Working With Our Research and Analytics Department to Grow Your Business

When you join Coldwell Banker Premier Realty, you are joining the number one team in Southern Nevada. Our approach to leadership is at the heart of our company culture. The CBPR leadership team is dedicated to empowering sales associates to leave their mark on the real estate world. 

As a former registered nurse, helping people is embedded into Clark’s DNA. This made the transition into real estate an easy decision for Clark because he could continue helping families by guiding them home across the Las Vegas Valley. Clark joined Coldwell Banker Premier Realty in May 2018. With determination and an incredibly positive attitude, Clark worked his way up from being a  brand new agent to being ranked #3 overall in the company for April 2020. Along the way, Clark was recognized as runner-up for the Rookie of the Year Award, presented to the CBPR sales associate with the highest production in their first 12-months of business. Last week, Clark was the featured agent during the weekly Mastermind workshop where he shared his strategy for using Facebook to gain business from your SOI. We were curious as to what other resources at CBPR Clark uses in his quest to provide the most insightful information to his clients, friends, and family. This is what he had to say: 

CBPR: You started with us as a brand-new agent and have been climbing the ranks ever since. Would you say one department at CBPR has helped you overall on the success of your business? 

Clark: Well, I do attend all the training courses provided to us, but I would say that the Research and Analytics department has helped my business tremendously.   

CBPR: That is wonderful! What services does this department provide for you, and how has that helped your business? 

Clark: They provide weekly and monthly data on the Las Vegas real estate market.I never give a listing or buyer consultation without these reports in my digital or print presentations. I recently had a new client tell me that my preparedness and knowledge of the local market is what sold them on me.  

CBPR: Why do you feel that this service is so important? 

Clark: I am not a numbers guy, to be honest, so it is great that these reports are not only provided, but they are explained and interpreted by CEO, Bob Hamrick in his Monthly Market Update. Knowing that I am fully informed about what is happening in the housing market boosts my confidence when going on a listing or buying consultation. I know sharing this data helps my clients make informed decisions.  
 
CBPR: What advice would you give other agents just coming into the business? 

Clark:Know your numbers and study these reports on a weekly basis. There are times when you are going up against seasoned agents. If you can answer their questions about the housing market in a way that makes sense to potential clients, it does not matter how long you have been an agent, you can win their business.  

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Meet Your Research and Analytics Vice President

John McClelland | Vice President, Research  
 

John grew up on a wheat farm in Montana and was introduced to real estate early in life when his parents subdivided one of their properties for a housing development. Life on the farm meant John had plenty of time for reading and he was fascinated by the many economic books left around the house by his father. John has a bachelor’s degree in economics/literature from Montana State University and a masters in economics from the University of Nevada-Las Vegas. John works closely with both the Developer Services and Marketing departments to provide a multitude of services for our agents, including market reporting, advanced pricing analytics, demographic and psychographic analyses and real estate portfolio valuations.  

Sample of the May 2020 Real Estate Report

Research and Analytics is one of many departments at CBPR helping our agents succeed. Click the photo to learn more about what our agents are saying about us. Don’t you think it is time to let us help you leave your mark? 

Click here to read our team reviews. 

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Recapping The Real Estate Of The Union

REAL ESTATE OF THE UNION – JUNE 2020

What do you need to know about the impact COVID-19 has had on real estate? Watch the recording of this live event with Coldwell Banker CEO, Ryan Gorman, where he gave an update on the industry and answered the most frequently asked questions from buyers and sellers.

Video 

Podcast on SoundCloud

Leave Your Mark: The Coldwell Banker Podcast · Real Estate of the Union – June 2020

Market Snapshots: COVID-19 March-May, Recovery June

As our country looks back at the difficulty of the last few months, I reflect upon my place as the President and CEO of one of the world’s largest real estate organizations. I am very proud of this vast and diverse group of agents, brokers, managers and owners for continuing work despite possibly being afraid, confused, or burdened with the hardships of the global pandemic. With that in mind, let’s dive in to see what the first half of 2020 brought for real estate.

The adage “real estate is local” holds true, as every market was impacted differently by COVID. Some slowed down significantly in March and April, while others were much less affected. In my conversations with offices across the country, I have seen one commonality: business is now heating up and the summer market is poised to be very active.

Three additional trends were seen across the country.

  1. Home prices did not drop. On a national level, prices in March rose 4.4% annually, up from 4.2% in February, according to the S&P CoreLogic Case-Shiller index. Additionally, NAR reported that the median existing-home price for all housing types in April was $286,800, up 7.4% from April 2019 ($267,000), as prices increased in every region. April’s national price increase marks 98 straight months of year-over-year gains. This was confirmed by offices across the country. In fact, the city of Montecito, served by Coldwell Banker Realty Southern California, saw an 11% increase between March and May!
  2. Lack of inventory. Total existing-home sales dropped 17.8% from March to a seasonally adjusted annual rate of 4.33 million in April, according to NAR’s latest figures. Understandably, sellers seemed afraid to list their homes, whether from fear of having people in their homes or because the lack of inventory made it hard for them to in turn find the next perfect home. As states we reopen, we expect more homes to come on the market.
  3. The Resilience of Our Agents during lockdowns and stay-at-home orders. Agents continued to make connections, show houses and close contracts, albeit virtually.

Some offices did not see much of a decrease in activity from the pandemic. Coldwell Banker Sea Coast Advantage in North Carolina saw an increase in web traffic and contracts in March, April and May, with sides up 6.8% from the same period in 2019. As we’ve heard anecdotally, much of this interest came from folks relocating from bigger cities and other more densely populated states.

Other markets saw a bigger impact, such as those where real estate was not deemed an essential service or where the effects of COVID-19 were particularly devastating. The bottom point for many such areas occurred in late March and early April, then they began rebounding in April and May.

For example, at Coldwell Banker Bain, which serves Washington and Oregon, sales volume in January, February and the beginning of March was 110% of sales from the same time in 2019. However, March 27 through April 11 was 10% of 2019, April was 30% of 2019, and May was 70% of 2019. The office expects June to be back at 75%-80% of 2019, which would be a sign of the “V” shaped recovery many have hoped for. However, because of low inventory, time on market remained short for CB Bain despite these lower sales volume numbers: in some markets under $1 million, it’s as little as 3 days and on average 2-3 weeks.

Coldwell Banker Mid-America Group Realtors in Iowa agreed that, while the beginning of March was equal to 2019, the end of the month brought a quiet period – listings were at zero but quickly began to rebound in April and May, and now listings increase weekly.

Other markets fell somewhere in between completely shutting down and having their numbers up. Coldwell Banker Realty in Texas serves cities and towns all over the state, each with distinct demographics and economies. In Austin, low inventory in April and May meant short times on market and multiple offers on listings – a rarity in the area. Homes in the $200,000-$300,000 range kept demand up in cities like Dallas and Houston.

Despite the uncertainty and, at times, fear, Coldwell Banker agents kept doing what they do best – serving clients and their communities. Real estate is very much open for business and if you think it might be the right time for you to buy or sell, contact a Coldwell Banker agent who can talk you through exactly what’s going on in your market. COVID-19 represented a great upheaval to our everyday lives, but often the greatest opportunities exist in periods of tremendous change.

Real Estate in the Virtual Age

Offices relied heavily in March, April and May on virtual tools to keep businesses running. When lockdowns first began, broker-owners and managers kept offices communicating through tools like Microsoft Teams and Zoom. Many utilized training sessions from home office including the virtual education expos for skills such as online marketing or virtual showings. Generally, the agents that remained active with virtual listings or on social media continued to do well. While Facebook live is often cited as the go-to tool, Instagram and TikTok are not just for millennials and Gen Z, as I told CNBC last month.

So, in this virtual world, what trends will stick post-COVID? Everyone I spoke with agreed that virtual showings would continue, with one reason being that it allows buyers to narrow down homes they’d like to see in person.

How do agents think the virtual age will change homebuyer preferences? The move to more remote work could change housing preferences especially in expensive urban areas (with commute timeless important and space for a home office more important). Some markets will see this more than others, which may not see this shift at all.

A Coldwell Banker snap poll of agents in May found that fifty-eight percent of those surveyed think buyers will desire a home office and 47% think the same for a private outdoor space. Fifty-five percent of those surveyed think buyers will seek out flexible spaces for convertible office/dining/living options, 23% said the same for large windows to let in lots of light and 21% for ample pantry and storage space. In Southern California, kitchens are getting special attention as many people started cooking more these past few months. In states with the most restrictive lockdowns, the way people lived in their homes changed and those regions may see shifts in preferences.

As for location, that same survey found 25.71% think there will be an increased interest in people buying real estate within suburban towns. Further, 22.14% think there will be a decreased interest in city living and 17.86% think there will be an increased interest in rural areas.

Fair Housing and Equal Opportunity

So, while the real estate market is once again functioning well in most markets, transactions are closing and prices are rising, I do not want to imply that all is well. COVID-19 has impacted many our neighborhoods, including my own, in ways that we are only beginning to fully appreciate. While these impacts sadly continue in many areas, we as a nation are also confronting the fact that different communities and different populations have long been impacted very differently by illness, financial distress and even violence.

The real estate industry in the United States has a long history of creating opportunities for individuals, families, professionals and entrepreneurs. Unfortunately, our industry also has a long history of systemic racism, through such pervasive and even government-sponsored practices as redlining, racist deed restrictions, exclusionary zoning, and predatory lending to African American and other minority homeowners.

Coldwell Banker’s clients, agents, employees and broker-owners have always driven our efforts to improve everything we do, and recently each of these constituents has been asking what Coldwell Banker is doing to equalize opportunities, from employment to entrepreneurship to home ownership, and what more we should be doing. The answer is that we have done a great deal, and a great deal remains to be done. 

An example of our recent work includes our Diversity in Ownership program, launched in February of this year, which is designed to increase real estate brokerage ownership, overall real estate entrepreneurship, and home ownership in and among some of our most underserved communities where both business ownership and home ownership are well below national averages. While this program seems to me to be far and away from the most aggressive in the industry – including up to $100,000 of the initial investment in each business and personal mentorship from me and many other top industry leaders – we can, should, must and will do more.

For us here at Coldwell Banker, this is a movement, not a moment. Today we are listening more than ever, especially to our communities, clients, agents, brokers and employees; and we are acting, doubling down on our commitment to equality of opportunity as a core tenant of the American Dream and an important measure of integrity for Coldwell Banker. We appreciate our consumers and other constituents holding us accountable to results, not simply commitments, and we look forward to sharing those with you.

I am sure you will have questions about this topic, about buying and selling in the age of COVID-19, and about the housing-related challenges and opportunities you may be facing… so it is my pleasure to now take your questions…           

Takeaways

If your life right now dictates a move, then you should not be afraid to search for that new home. There are ways to see properties today in person or virtually in every state in the country. Most of the brokers and owners I spoke with anticipate a strong “second spring” or summer selling season.

Real estate has always been local but this is even more true now! Our agents are primed to work within their markets, which can vary drastically from one community to the next. For example, Coldwell Banker Residential Brokerage Atlanta & Carolinas has 34 offices and nearly 2,000 affiliated sales associates that serve across three states – each with differing stay-at-home restrictions and economic forces. This is to emphasize that your local agent knows the latest about regulations, market conditions and inventory and is a great source for the best and most up-to-date information for buying or selling your home.

Your Coldwell Banker agent is also part of something much larger: the American Dream. We know this dream feels more realistic for some than others, and we are committed to doing our part to ensure fair and equal access to housing no matter who and where you are. Earlier this year, we even developed new Fair Housing training for all our agents and made it available to the entire industry – indeed, even available to individual consumers like you. If you would like to learn more, go to fairhousingpledge.com I also recommend an excellent book on the topic, The Color of Law by Richard Rothstein. We can all learn from the past as we change the future.

In closing, I know these past months have been hard for you, your families, and your communities. I hope that this information will help inform you about the real estate market and help you see where you fit in. I promise that Coldwell Banker agents will be there when you need them most, to guide you home as they have done for over 113 years. 


Blog originally posted on the Coldwell Banker Blue Matter Blog. Author: Senior Manager, Content & Multimedia at Coldwell Banker Real Estate LLC, Gustavo Gonzalez.

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