My father died this week at the ripe old age of 88. He was a consummate real estate professional, a well-respected appraiser (MAI) and occasional entrepreneur who got into the business because his father was in the business--a fresh-off-the-boat investor who bought buildings in Harlem soon after arriving in the United States, and ended up going bust in the Depression. I, too, got into the business because my father was in it. As a prime-time Baby-Boomer, I decided to take advantage of Dad’s introductions, and, hopefully, build on his success. Just before I left the house on my first day of work, he gave me one important bit of advice: “Don’t ever forget that real estate is a relationship business.” He was right. As I reflect on all of the executives who I have come to know over my 35-year career, the ones that stand out, the most successful by and large, built their businesses and their success on a strong foundation of relationships.
Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
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