Why I'm Running for My Local Board

My name is Nico Hohman. I am a 28-year-old broker/owner of my own independent real estate brokerage. I am running for a position on the board of directors for my local Realtor association.

My association, Greater Tampa Realtors, has been around for over 100 years. It is over 10,000 members strong, and has been adding close to 125 new members every month for the last two years.

There are many things the association is currently doing well. There are also many areas where the association needs a perspective like the one I would represent.

I am running for a seat on the board - not for the prestige, or the pay (which is none), or the tag on my resume - but because I believe in the future of my local Realtor board.

For me, the future of my local board should be shaped by three simple yet profound objectives. First, to educate our members to make them the most professional businessmen and women in any industry. Second, to enlist our members to support the local, state, and national initiatives of RPAC. Lastly, to engage the buying public to keep the agent as the focal point of the real estate transaction.

Educate. Enlist. Engage.

Three simple objectives. One important mission.

1) Educating Our Members

It may come to no surprise to those that have been in the real estate industry for a long time, but it certainly came as a surprise to me when I first started as an agent four years ago. 

I had come from both corporate and institutional nonprofit jobs before getting my license. Both of those fields required the utmost professionalism from me at all times.

I assumed that every industry required this same level of professionalism. Every industry, that is, except real estate.

I was disheartened and slightly ashamed at some of the individuals working in the same industry as me. I often times found myself defending my own career because of the poor performance and professionalism of my peers.

But there are things an association can do to address those concerns.

First, we must encourage our members to put education as their number one priority. Our members should want to go above and beyond getting the minimum number of continuing education credits. 

We are working through the knowledge-based economy now. The agents that hold more knowledge about the transaction and the market are the ones who will land all the clients. Buyers and sellers are too sophisticated to go with the agents with the pushy sales tactics or cheesy advertising campaigns.

Give a man a fish, feed him for a day. Teach a man to fish, feed him for a lifetime.

Second, and speaking as a training and hiring broker, we must encourage member brokers and managers to seek out those agents that are most highly educated. We should encourage them to drop those agents who don't put an emphasis on training and learning.

If there are no repercussions for poor job performance or for poor peer reviews or for lack of on-the-job knowledge, then there is no incentive for agents to want to get any better. If individuals don't get any better, the group doesn't get any better.

We are only as strong as our weakest link.

The association can do its part by placing its emphasis on education, from the events they hold to the budgets they approve. If classes, activities, and events can't show how they make the members better at their jobs then they need to be cut.

Better education leads to better agents.

2) Enlisting Their Support

One of the strongest reasons the profession of real estate agent and the idea of home ownership is as common and as (potentially) lucrative as it is is because of the work of the Realtor Political Action Committee, or RPAC.

RPAC serves as the cohesive voice in county commissions, state capitals and Washington, D.C. for property ownership and the real estate profession.

Without the contributions of RPAC to local, state, and national legal doctrines, I dare say the real estate transaction and industry would look unfamiliar to that of today's.

Yet, with all of the great work done by those fighting for our rights as business owners and property owners, less than a quarter of the members of our association choose to support these efforts.

For some agents, they might not know what RPAC does. When I first started as an agent, I certainly didn't know (or care) what RPAC was or what they did.

That excuse can quickly be remedied by my first objective: educating our members. Once I knew of the benefits of RPAC, I quickly became a supporter.

For some agents, they might feel disenfranchised by the whole legal process. To them, I say you are right to feel that way.

It seems like lawmakers only make the news for their lack of getting things done or doing things that are scandalous. In reality, lawmakers make and pass legislation that has a major impact on our daily lives all the time. These issues just never get reported in the news.

Issues like capping estoppel fees, removing sales taxes from service providers, keeping the mortgage interest deduction, implementing the 1031 exchanges, and limiting property tax increases are all issues that make our lives as business owners and property owners better.

But these issues would have never been passed or upheld if it wasn't for the continuous support of RPAC.

Our association - and every local association - should be able to enlist 100% of its members to voluntarily support the contribution of RPAC. 

3) Engaging The Public

The economy is changing. Work is being done differently compared to twenty, ten, and even five years ago.

The real estate industry has seen threats and challenges from discount brokerages to digital lockboxes to online portals.

However, I believe wholeheartedly that none of these threats are as dangerous (or as imminent) as the threat of not having an agent involved in the real estate transaction.

The times, they are a'changing.

Technology makes a lot of our job functions easier. It can even eliminate some job duties all together. But with better automation comes the real threat of eliminating the entire profession of the real estate agent.

There are technology firms and real estate related companies out there today looking to do just that. They aim to make the real estate transaction as trivial as buying a blender on eBay.

The association, on a local, state, and national level, needs to insert its considerable might into the public sphere to showcase that buying and selling a home is not something that can be done with just a click of the mouse.

The real estate transaction has several moving parts with several different players all working with different pieces of information. It can take weeks or even months for one transaction to close legally and correctly. Plus, an individual buyer or seller might conduct a single transaction once every 5-10 years. 

It is the function of the real estate agent to coordinate the countless pieces of information and the multitude of personalities in order to achieve one attainable goal: to sell a home. A piece of software cannot do all of that on its own.

If the association doesn't engage the public on the usefulness of the real estate agent in every transaction, the duties of every Realtor will be reduced to that of a mouse click.

There are several things my board is currently doing well. Yet the future of the real estate agent - and, in turn, the future of a real estate board - is not as clear as it once was.

Without a vision for future action, local boards may be caught reacting to the future instead of proactively shaping the future.

My name is Nico Hohman, a nominee chosen for the board of directors by the association's nominating committee, and I hope to have your vote for our vision for the future.

Nico Hohman

Nico Hohman is the broker/owner of Hohman Homes, a residential real estate brokerage based in Tampa, Fla. Nico is also a contributing author to Realtor Magazine and Inman News, the innovative news source for the real estate industry. Nico has contributed his time and talents to better the standards of the real estate industry and the local community by leading and serving on committees at Greater Tampa Realtors, Emerge Tampa Bay, the University of Florida School of Construction Management Alumni Council, Toastmasters International, Nativity Catholic School, and Johns Hopkins All Children's Hospital Guild. Plus, every fall, Coach Hohman is the Head Golf Coach at Jesuit High School of Tampa.

 

Since he began practicing full time in the residential real estate in the fall of 2014, Nico has been involved in the transaction and management of over 100 properties with a total value of nearly $20,000,000.

 

With a degree in Construction Management from the University of Florida and past experience in the home building and remodeling industries, Nico focuses on helping homebuyers find and purchase new construction homes. He also helps home sellers looking to sell their properties that also require significant renovation.