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Real Estate,Insurance - Property Deed Title & Land Title Research
- 117 Collins Avenue
- Nassau / Paradise Island, Bahamas
April 5, 2013 (The Bahamas & New York, New York) - Bahamas Real Estate Industry Leader, HG Christie Ltd., is excited to announce the innovative launch of the new Christie’s International Real Estate magazine iPad app. Buyers, sellers, owners, and luxury real estate aficionados are now well equipped to explore the world of extraordinary real estate with this gorgeous cutting-edge tool. “We are happy to announce that iPad users can find a version of our magazine at Apple’s Newsstand, featuring engaging editorial and some of our finest properties,” says Bonnie Stone Sellers, CEO of Christie’s International Real Estate.
Larry Roberts, CEO, Bahamas Realty was a speaker at the 2011 Leading Real Estate Companies of the World® (LeadingRE) conference March 8-10, at The Cosmopolitan of Las Vegas in Nevada. Despite the economy, attendance at the annual event outpaced last year’s conference, with 800 top real estate brokers, managers, relocation professionals, sponsors and guests attending from the U.S. and eight countries around the world. Participating brokerages represented a significant share of the U.S. real estate market, with annual sales production of over $250 billion. The event’s sponsors included Grand Sponsor HGTV’s FrontDoor.com.
For years, you could count on two hands the number of big names in real estate in The Bahamas. Chances are, if you followed the industry, you could recite them in alphabetical order.
But this is not your grandmother's real estate sector.
New faces with college degrees in everything from architecture to business are popping up - and shaking up - the staid and steady picture of who's who in real estate. And some of them are racking up successes their predecessors took decades to achieve.
In one 17-person firm, Mario Carey Realty, where the average staff age is under 30, eager degree-bearing, smartphone-carrying go-getters are achieving sales in the multimillions, handling the luxury market with the aplomb of the most experienced in the trade.
Now, they're busier than ever. With phones buzzing following the recent announcement of a cap on real property tax and a 2% stamp tax reduction on high-end sales, young agents and associates are pulling all out all the stops, taking innovative approaches to client interaction and making extensive use of social media.
It's working. One MCR associate, 33-year-old Antoine Adderley, just made five sales within four weeks of taking the listings. He actually had seven offers for the five properties, almost all of which began online with conversations continuing via e-mail, Skype, texting and oh yes, phone.
After nearly a century with only a few major changes - the advent of the Internet, increasing legal licensing qualifications and the introduction of the Multiple Listing Service (MLS) - the picture of the real estate profession is changing dramatically as the young guns of the industry are taking on the old guard, and succeeding.
"A younger agent's preparedness to consider alternative approaches to business and customers is one of the key reasons they are thriving in this field," said Mario Carey, CEO of Mario Carey Realty (MCR). "Their flexibility makes it easier for them to adapt to the market, and their ability to embrace digital media and new ways of reaching potential clients also adds to their success."
Younger professionals are also introducing new ideas. Though not working in the capacity as an agent, German-born, 25-year-old Tina Bain, who studied real estate in one of the world's leading real estate colleges and worked in Europe and Atlanta before joining the MCR team, now heads up the newly-created Vacation Rentals division. Admitting to spending an average of two to three hours per day on email, phone, Facebook and Twitter, Bain says the time is all work-related and the nature of her latest role requires her to constantly communicate digitally with clients around the globe. Speaking multiple languages also helps, she said.
Ashley Brown, 23, is a fourth generation real estate industry pro who is wasting no time following in the footsteps of the three generations of McPhersons and Browns who preceded her.
At 17, Mario Carey's daughter Abigail is learning the trade from the inside, working as part of the support and administrative team before heading to college. Additionally, an information technology consultant conducting webinars, keeping up with the latest technology and assisting with the firm's new website development is 21.
At 28, MCR marketing maven Terrinique Pennerman is almost the matriarch of the firm. With an MBA in marketing and entrepreneurship from Duke University, she is instrumental in coordinating how MCR presents itself to local and international markets.
According to a 2011 member survey by the National Association of Realtors, eight out of ten realtors aged 29 or younger actively use social and networking websites. What once took an hour drafting a letter to prospects now takes only seconds to "tweet". With each staff member recently equipped with an iPhone 4S, the young team at Mario Carey Realty is aiming to transform the industry one tweet at a time.
Founded in 2008 with a staff of three, MCR has emerged as one of the country's busiest and fastest-growing firms with a complement of 17, including support staff and associates, and offices on several islands.
Bahamas Realty is proud to announce it is the recipient of two prestigious Leading Real Estate Companies of the World® Awards. The awards were presented March 9 at the 2011 Conference of Leading Real Estate Companies of the World® at The Cosmopolitan of Las Vegas in Nevada. The conference attracted 800 real estate brokers, managers, relocation professionals, sponsors and guests from across the U.S. and eight countries worldwide.
In what could be the most convincing proof yet of the strength of the Bahamian real estate market, the local affiliate of a major international real estate franchise walked away with the regional prize for top sales again this year, leading firms in six Caribbean countries.