SHETalks: Douglas Elliman CEO Dottie Herman Shares Secrets to Business Success

Dottie Herman, CEO of Douglas Elliman Real Estate and winner of the 2018 NAWRB Roaring Thirty The Influencer Award, gave the closing SHETalk of the first day by telling the engaging and heartfelt story of her success, from the risk she took buying Merrill Lynch from Prudential and having the tenacity to ask angel investors to invest in her dreams, to the steps she has taken to build what is now the third-largest company in America with a revenue of over $27 billion.

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Kathy Kraninger Narrowly Approved by Senate Banking Committee in Split Party Vote

In her journey to become the next Director of the Consumer Financial Protection Bureau, Kathy Kraninger must win over the Senate. If the recent vote by the Senate Banking Committee is any indication of how that might go, it might end up in a narrow confirmation along party lines.

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SHETalk: Rebecca Steele on Becoming a Disruptor

 

  “My Story Is Different Than Most”

“It’s just been an incredible conference. The women who have been here and all of you who I’ve met with have been the highlight of my year so far, really,” said Rebecca Steele taking over the stage for her SHETalk on day two of our conference.

Her story, she revealed, is different than most. “I have been through crisis,” she said, “But I will tell you that I’ve been very, very fortunate to have some of the opportunities that I’ve had.”

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Teresa Palacios Smith, VP Diversity & Inclusion, HSF Affiliates LLC, Joins NDILC – Gino Blefari Video

Women in the Housing and Real Estate Ecosystem (NAWRB) announces the addition of Teresa Palacios Smith, Vice President of Diversity and Inclusion, HSF Affiliates LLC, to its Diversity and Inclusion Leadership Council (NDILC). The Council, founded in 2015, helps raise the number of C-suite women, increase women’s employment at all levels and advance women’s economic growth across the housing and real estate ecosystem.

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Women Veterans: The Challenges They Face & a Way Forward

Although not officially recognized as members of the armed forces until 1901, the involvement of women in the military dates back to the Revolutionary War.

Each year, the population of women veterans grows steadily due, in part, to the increasing number and proportion of women entering and leaving military service. Most women veterans possess those traits that are valued in military service and beyond: steady nerves, sound judgment, courage, tenacity, patriotism, and sacrifice. The question is, how much should we as a nation allow them to sacrifice once they leave the military? Do we adhere to what President Lincoln said so many years ago? With the words, “To care for him who shall have borne the battle and for his widow, and his orphan,” President Lincoln affirmed the government’s obligation to care for those who serve. Clearly he wasn’t expecting to add women to his speech but here we are, serving right beside our male brethren as a force multiplier adding value in ways never expected.

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Leadership Lessons on Women in the Real Estate Businesses

Women influence much of the business world today, and this is increasingly true when it comes to the business of real estate. In fact, the 2016 NAR Member Profile reveals that 62 percent of all REALTORS® are women.

In my role as president of Leading Real Estate Companies of the World®, I have had the privilege of witnessing firsthand the overall growth in women leaders across our 550 brokerage firms worldwide, many of which were founded by women. Of the LeadingRE member brokerages in the U.S., 28 percent of owners and CEOs are women (117 of 435 U.S. members).

Of course, not all women are alike, but studies have shown that we share some common traits that position us for business success. Business is both art and science, and our ability to balance the art (style and relationships) with the science (knowledge and competence) can be a powerful formula. Women are opportunity experts, asking “What if?” and then, “Why not?” We can multitask while remaining focused on the prize and are less inclined to let ego get in the way. We are networking experts, relationship builders and artful communicators, with keen emotional intelligence. We have a “Get It Done” mindset of initiative and efficiency.

In addition to these talents, the fact that women consumers play such a powerful role in purchasing
decisions makes it incredibly beneficial to have women in roles selling or managing consumer experiences—because no one understands other women like we do. Women drive the consumer market, so having women in business roles who understand women consumers is just good business.

While it’s easy to make a case for hiring women in real estate, it is similarly easy for talented women to choose a real estate career for many reasons. The work hour flexibility can be less challenging for working moms. Value is related to production, and with less of a “glass ceiling” phenomenon, the earning potential is unlimited.

There are many paths to take in a real estate career, so those interested should have a clear vision of their aspirations. Is the desire to be a top sales producer, which can be more lucrative than management? Or, is there more of an interest in pursuing a leadership role—whether in sales management, general management or, eventually, owning a brokerage? Is the motivation to ultimately retire from a great career with retirement income, to achieve industry recognition or to double your earnings?
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