[INTERVIEW] One Brokerage's Idea to Build Buzz by Giving Back (2024)

When is the last time you did something BIG in your community to raise money for a good cause, to build your brand and to get some great BUZZ about your company?

In this day and age, we are all subject to information overload. It takes a lot to stand out, and LIVE Urban Real Estate, a locally owned boutique residential real estate brokerage in the Denver area, is doing just that.

I have had the pleasure of knowing the LIVE Urban team for a few years and have always been impressed with their brand and how they are raising the bar in their local market while still maintaining the family atmosphere of a boutique, tech-savvy brokerage.

For the first time ever, they are organizing a contest, “Race to Your Next Place” — a thrilling citywide scavenger hunt with 250 teams of two vying for a $10,000 cash grand prize! The prize money can be used toward a down payment on a dream home, home remodel, or renovation — anything they want!

When I spoke to one of our Agent Reboot Denver ambassadors (and LIVE Urban agent) Stacie Staub about it, I knew I wanted to feature this story here on InmanNext.

Here is the interview I did with John Skrabec, broker/owner of LIVE Urban:

Where did this idea come from?

The idea has evolved over a few years. We do lots of open houses at LIVE Urban, and have organized and marketed a variety of group open house tours, cooperating with other brokerages and tying into local events. I’ve also been inspired by local “Amazing race”-type events, and have participated in a local race for the Leukemia & Lymphoma Society. That’s what got me thinking about getting a nonprofit partner. Habitat for Humanity of Colorado was a perfect fit! And of course, I’m also a big fan of the “Amazing Race,” and have actually applied a few times to be on the show. All of that came together for me last year and inspired me to organize an event for our brokerage.

It’s a really “out of the box” idea — have you noticed people chatting online more about your brand because of this contest?

It has been generating lots of local buzz, especially in the last few days. We have nearly 60 agents at LIVE Urban, and most of them are active on social media. We’ve organized our team with tips, tools and links, and they are all spreading the word. Clients, friends and members of the local community are chiming in as well.

Do you have any social goals tied to this contest?

Of course. We’re always looking for ways to increase our social media presence, and an event like this gives us something to talk about! All of the followers, likes, email subscriptions, website hits and other connections we make online during this promotion all add up to a strong brand following. I’d like to see a 25-30 percent increase across the board. I think we’re on track to do that.

How are you using social media to promote this?

We’ve organized a social media committee of brokers and outside volunteers to coordinate our efforts. Unique Facebook and Twitter accounts, LinkedIn and Facebook events, and a Facebook ad campaign make up our campaign foundation. We’ve got QR code yard signs in front of listings that direct folks to a mobile registration site as well. We’ll be integrating Facebook Places for check-ins on race day, as well as encouraging participants to tweet their progress and their progress during the race using a special race hashtag #racenextplace. In addition, our sponsors are promoting the event on their social media channels.

How are you empowering your agents to promote this?

I believe by providing our team of agents with the right, easy-to-use tools, they’ll take the ball and run with it. That’s what’s happening. We’re also heavily promoting the race during National Open House Weekend at all our open houses, which drives traffic to our current listings and gives our agents increased face time with homebuyers. It’s all designed to generate more leads for our team.

This seems like a big undertaking — time and effort to organize; what is your primary purpose for doing this and what do you hope to gain out of it?

We identified three goals for the event:

1) Give back to the community. It’s certainly one of our core values at LIVE Urban.

2) Generate leads for our business.

3) Increase our brand awareness and visibility in the market.

It’s a huge project. Bigger than I expected. But we’ve assembled a great team, including outside event coordinators, to get it all done. Our agents have really helped find sponsors in the community (more than $20,000 in sponsorships!) and we’re getting lots of volunteers to help on race day.

It really became clear to me this week. I was at an unrelated community meeting the other evening, and was approached by a local resident who said, “I just wanted to tell you that I think that race event you are planning is amazing. It really illustrates your company’s commitment to the local community. Good job.” That’s almost all I needed to hear, and was thrilled it left that impression.

Registration for this charity event is now open and 100 percent of race registration fees — up to $25,000 — will be awarded to charity partner Habitat for Humanity of Colorado.

For more information, visit www.RaceNextPlace.com.

Like the Race at http://www.Facebook.com/RaceNextPlace

Follow the Race at http://www.Twitter.com/RaceNextPlace

What are you doing to raise the bar in your local market? Do you have a big idea to create buzz and build brand awareness? We’d love to hear your stories — leave us a comment below or email us at inmannext (at) inman (dot) com.

[INTERVIEW] One Brokerage's Idea to Build Buzz by Giving Back (2024)

FAQs

Is it a good idea to interview realtors? ›

Assessing Professionalism and Experience

Experience is invaluable in navigating complex real estate transactions and market conditions. By interviewing Realtors, you can delve deeper into their experience and understand how they have successfully handled challenges in the past.

What brokerage has the best training for new agents? ›

Best real estate company for new agents: Keller Williams

He knows what he is doing and has built an amazing brokerage as a result. KW is known industry-wide as having some of the most comprehensive training programs for new agents. This is reflected in the split and franchise fee.

What is the fastest growing real estate brokerage? ›

United Real Estate Group produced more than 89,000 transactions and $35.2 billion in sales volume in 2023. Through its in-house advertising agency, UREG offers differentiating marketing support and collateral for specialized lifestyle property websites as well as access to a 800,000+ opt-in buyer database.

How many real estate agents do most buyers interview? ›

How many agents do buyers interview? According to the National Association of Realtors, 71% of buyers interviewed at least one real estate agent during their home search, while 90% of buyers will use their agent again or recommend their agent.

Is it okay to talk to multiple realtors? ›

You can work with multiple real estate agents if you haven't signed an exclusive contract. However, working with multiple agents is considered by many to be unethical or, at the very least, impolite. The practice may yield few benefits for homebuyers and sellers and fewer benefits for agents.

How to crack a real estate interview? ›

Be prepared to answer real estate interview questions about your history with solid statistics and numbers.
  1. Include the number of homes you've sold on your resume.
  2. Talk about the types of homes, neighborhoods, buyers, etc. ...
  3. Mention any awards or advanced credentials you've received.

Is Keller Williams the biggest brokerage? ›

Keller Williams Realty, Inc. is the largest real estate franchise by agent count in the world, with approximately 700 offices and 115,000 associates in more than a dozen countries around the world.

How do I attract realtors to my brokerage? ›

A few options include:
  1. Creating a database of local real estate agents in your area.
  2. Networking with potential agents at local real estate events.
  3. Reaching out directly to agents you want to work with.
  4. Posting job ads through your website or on career sites like Indeed.

What broker makes the highest salary? ›

High Paying Brokerage Professional Jobs
  • Broker. Salary range: $45,000-$131,500 per year. ...
  • Commodity Broker. Salary range: $97,500-$112,500 per year. ...
  • Energy Broker. Salary range: $60,500-$78,000 per year. ...
  • Associate Broker. Salary range: $44,000-$73,500 per year. ...
  • Stock Broker. ...
  • Broker Assistant. ...
  • Brokerage Clerk.

What brokerage do most millionaires use? ›

Best Brokers for High Net Worth Individuals
  • Charles Schwab - Best for high net worth investors.
  • Merrill Edge - Best rewards program.
  • Fidelity - Best overall online broker.
  • Interactive Brokers - Great overall, best for professionals.
  • E*TRADE - Best web-based platform.
Mar 28, 2024

What is the most successful brokerage firm? ›

Top Brokerage Houses, Ranked
Top Brokerage Firms by AUM and Number of Accounts
1Charles Schwab$9.41 Trillion
2Vanguard$8.6 Trillion
3Fidelity Investments$5.3 Trillion
4JP Morgan$3.7 Trillion
1 more row

Where do real estate brokers make the most money? ›

The Average Real Estate Broker Salary in Each State (2024)
  • GlassDoor reports that the average annual salary of real estate broker-owners in the United States is $220,507. ...
  • According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona.
Feb 8, 2024

What do REALTORS see as their biggest threat? ›

The Top 5 Biggest Threats to Real Estate in 2023
  • Interest Rates. When I think about what is the biggest threat to real estate, I think of interest rates. ...
  • Affordability. ...
  • Technology. ...
  • Recessionary Impacts On The Real Estate Market In 2023. ...
  • Governmental Politics And Global Events.
Apr 16, 2023

How many houses do most REALTORS sell a year? ›

According to NAR, the average Realtor completes a median of 12 residential transactions annually. However, it's important to keep in mind that this doesn't necessarily indicate how many houses the average Realtor sells. A completed transaction can mean the agent assisted on either the buyer's or seller's side.

How do you ace a real estate interview? ›

To sell yourself in a real estate interview, it's important to highlight your relevant skills and experience. Emphasize your communication and negotiation skills, market knowledge, customer service, adaptability, and problem-solving abilities.

How to decide between two realtors? ›

Look for qualities such as experience, knowledge of the local market, strong communication skills, and responsiveness. A good agent should listen to your preferences, provide guidance, and have excellent negotiation skills. Trustworthiness, integrity, and a good rapport are also important factors to consider.

When should you start talking to a realtor? ›

Once you are about 4-6 months from your target closing date it is time to meet with your agent, more clearly define what you are looking for and start actively looking… also get your financing pre-approval. Average time to find a home is about 3 months, plus another 1-2 months from purchase agreement to closing.

How do you interview a realtor for selling a house? ›

The topics you will want to discuss include the agent's:
  1. training and background.
  2. professional experience or specialty as an agent.
  3. how much the agent believes you can sell your property for.
  4. ability to give you helpful information about local comparable sales.
  5. track record of recent sales.
  6. plan for marketing your property.

Which of these questions would you be unlikely to ask when interviewing a real estate agent? ›

Answer: The most unlikely question that a person would ask is "How much do I qualify to borrow?" The correct answer is B. Explanation: When interviewing a real estate agent you will want to ask the commission, their price range specialty, and the amount of home-buyers they helped.

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