Written By: Frances Flynn Thorsen
How many of your Facebook friends are REALTORS?
1. Terms of Service. Facebook is built upon a solid educational culture. Business solicitation on personal profile pages is highly discouraged. Wonder why people lose their accounts? Behavior leading to account deactivation include massive friend hijacking, placing marketing links on other people’s profile pages, extensive advertising on the offender’s own page, and similar conduct. Understand that the culture of Facebook is best understood with a thorough examination of the Terms of Service.
2. Legal Compliance. Fully 99% of the REALTOR pages I survey regularly at Facebook are noncompliant with state licensing law. Brokerage name and contact information are not readily seen on agents’ and brokers’ profile pages. Many of these agents have completed “social media training” in many venues, in person and online. Most real estate offices still do not have a written social media policy.
3. Going Viral with Questionable Marketing Tactics. Real estate licensees pay less and less attention to serious risk management in the bricks-and-mortar world; they increase brokerage jeopardy when they play with those matches online. Internal saber rattling at Attorney General offices in many states makes think that predatory marketing of distressed homeowners will be the undoing of some brokerages in 2010.
4. Calling Social Media a Marketing Channel. Social media is NOT a marketing channel. Social media is a conversational medium. There are fundamental precepts about purely social engagement that eschews traditional marketing language and methods. ROI is less easily applied to social networking plans.
5. Lack of Strategy aka “ActiveRain syndrome”. Some bricks-and-mortar strategies apply to online engagement. In recent years, the ActiveRain blog community established a peer-to-peer social networking model replicated among licensees on other social platforms. Take the First Time Home Buyer Seminar bricks-and-mortar marketing device. Whom does a REALTOR invite? A lender? … home inspector? … and people who are renting! Does a Coldwell Banker REALTOR host invite all the RE/MAX agents in town? There are increasing numbers of qualified REALTOR groups where agents can gather and engage … Women’s Council of REALTORS has new groups, CRS and other specialty groups are pages where licensees can gather and share ideas.
6. Choose Friends Wisely/UNfriend Fellow REALTORS. Most REALTORS’ Facebook Friends lists are comprised of fellow REALTORS. Trainers can share good dialogue for declining Friend requests and UNfriending fellow REALTORS. I urge students to UNfriend their colleagues with words that acknowledge their plan of action. Example: “I am grateful for your friendship in real life and I look forward for ways that we can connect online to advance our business. I am designing a social media strategy that reserves my Facebook profile page for close friends and family. Thank you for your friendship … Let’s connect at the Women’s Council of REALTORS Region 4 page.”
7. Facebook Fan Page Titles are Written in Stone. Once you start a Fan Page, the title is a permanent part of the page. Do NOT use your company name in the title of the Fan Page unless (a) you have the broker’s permission to use the company name and (b) you expect to stay at that company for the duration of your real estate career.
8. A Teacher Is a Model. Be clear about strategy. Study the teacher’s Facebook presence. Does the teacher actively list and sell real estate? What is the ratio of consumers to licensees on the teacher’s pages? Can you see a strategy that you can emulate for dollar-productive results in your market?
Engage and Enjoy Success!
About Frances Flynn Thorsen
Frances Flynn Thorsen


{ 8 comments… read them below or add one }
The new Web 2.0 & Social Media course from NAR seems to address these concerns. Together with e-PRO, it is a nice package for someone who wants to get started.
Look for the ePRO Booth at Convention.
Frances
Great article–as usual, you are right on!
Thanks for the excellent insight and advice, Frances. As usual, you are right on top of the issues facing real estate agents in today’s world of social media.
Excellent article. While I was aware of some of these issues, you have opened my eyes on others. I’m always looking for ways to use technology to grow my business, but do try and steer clear of the pitfalls. I’ll definitely follow what you have to say in future, and will look back at what you have written in the past.
Thank You.
Hi
I passed e-pro with a score of 100% without taking the course!! How could you ask other Realtors to do this unless you had no idea when it comes to communbication devices????
Frances – Excellent advice and reminder that social networking/media is all about engaging in the conversation, an exchange of value, building relationships and trust. Business success will emerge naturally from that practice.
Very good points Frances. I especially like your point about branding your business page with only yourself, not your company. You can still reinforce company branding by including a logo on your business profile photo without ingraining the business you currently work for in stone.
oooh you are so right….as more and more of my fellow Sothebys agents are joining Facebook,it is so easy jut to say, yes to everyone and forget why you are there in the first place. Thanks for the heads up!