Sotheby's Canada Archives - REM https://realestatemagazine.ca/tag/sothebys-canada/ Canada’s premier magazine for real estate professionals. Thu, 30 Jan 2025 15:18:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://realestatemagazine.ca/wp-content/uploads/2022/09/cropped-REM-Fav-32x32.png Sotheby's Canada Archives - REM https://realestatemagazine.ca/tag/sothebys-canada/ 32 32 Lessons in Leadership: Natalka Falcomer on Don Kottick’s secret to success https://realestatemagazine.ca/lessons-in-leadership-natalka-falcomer-on-don-kotticks-secret-to-success/ https://realestatemagazine.ca/lessons-in-leadership-natalka-falcomer-on-don-kotticks-secret-to-success/#respond Thu, 30 Jan 2025 10:03:31 +0000 https://realestatemagazine.ca/?p=37000 Sotheby’s Canada President and CEO, Don Kottick predicts a leaner, more competitive industry in Canada and has advice for those looking to carve a path in real estate

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Effective leadership can make the difference between success and stagnation in an industry as competitive as real estate. Don Kottick, president and CEO of Sotheby’s Canada, has consistently demonstrated the ability to inspire, innovate, and adapt. 

 

“Some of the best lessons in business have come from the worst leaders,”- Don Kottick

 

For Kottick, the cornerstone of leadership is assembling the right team. Reflecting on his experience leading at Sotheby’s, Royal LePage, Johnston & Daniel, Peerage Realty Partners, Right At Home Realty and the Real Estate Institute of Canada (REIC), he emphasizes the importance of trusting your instincts when making hiring decisions. “Your intuition knows,” he says, recounting key hires that transformed teams and drove exceptional results. 

The principle of “getting the right people on the bus,” inspired by Jim Collins’ Good to Great, has been a guiding philosophy throughout his career. Associated with this first principle is the second of “hire slow and fire fast, if they are not the correct individual for the role”.

Beyond hiring, fostering a culture of excellence is paramount. Kottick believes in setting high standards for professionalism and development. “Trust, transparency, and collaboration are crucial to any organization’s success,” he notes. 

He champions open communication and encourages feedback from all stakeholders to stay attuned to the market’s evolving needs and nuances.  Kottick shares, “Some of the best lessons in business have come from the worst leaders, especially those leaders that espouse values that they fail to deliver on.”  

 

Elevating brands to new heights

 

Kottick’s tenure as president at Right at Home Realty demonstrated his focus on branding as a critical component of leadership. Recognizing the need to elevate the brokerage’s reputation in its early days, he worked to position it as a credible and appealing destination for real estate professionals. 

By recruiting and developing a new management team and restructuring the organization, he substantially increased the company’s market share and propelled it to the top brokerage position in the Greater Toronto Area by transaction units. 

Under his leadership, the company improved its national ranking in Canada within two years even though it was a regional player. This focus on branding wasn’t just about perception—it was tied to measurable outcomes that resulted in substantive growth.

 

“Technology should be a competitive differentiator, not a patchwork of disjointed solutions,” – Don Kottick

 

As the real estate industry increasingly intersects with technology, Kottick has been a vocal advocate for thoughtful innovation. At various organizations, he spearheaded the integration of proptech designed to streamline operations and enhance client engagement. 

From virtual tours in the early days of the internet to advanced marketing dashboards, his focus has always been on creating tools that provide real value rather than adopting a scattershot approach.   

As a former director of the Canadian Real Estate Association, he was the leading advocate for more investment in the development and promotion of Realtor.ca in order to combat competition from the USA.

“Technology should be a competitive differentiator, not a patchwork of disjointed solutions,” he explains. This principle has guided his leadership, ensuring that agents have access to resources that empower them to deliver extraordinary client experiences.

 

Navigating change

 

The real estate market is no stranger to upheaval, and Kottick has faced his share of challenges. From economic fluctuations to regulatory shifts, he has led teams through periods of uncertainty by prioritizing adaptability and resilience. “The industry has become more competitive, with a clear flight to quality,” he observes. “Realtors and brokerages that can’t offer measurable advantages are being sidelined.”

To navigate this landscape, Kottick underscores the importance of continuous learning and innovation. Whether introducing new training programs or leveraging emerging technologies, he has consistently championed strategies that prepare teams and Realtors for the future. One such example was bringing the Ninja Selling philosophy and methodology into the culture at Sotheby’s Canada which he says translated in serious productivity improvements. 

 

A vision for the future

 

Looking ahead, Kottick predicts a leaner, more competitive industry In Canada. He sees a future where only those who combine exceptional service, cutting-edge tools, and a commitment to excellence will survive and thrive. 

For aspiring Realtors and brokers, his advice is clear: focus on building relationships, embrace lifelong learning and align yourself with organizations that support your growth and have a strong international brand and presence.

Under Kottick’s leadership at various organizations, the numbers speak for themselves. whether at Johnston & Daniel, Royal LePage, Right at Home or Sotheby’s Canada, he led the teams that drove significant growth. 

More recently at Sotheby’s International Realty Canada, sales volume increased from $4-billion to $10-billion, and the agent population nearly doubled with Kottick at the helm. These results highlight his ability to develop and transform businesses, enhance their market presence, and create lasting equity value for the organizations.

Kottick’s leadership journey offers a blueprint for managerial success in real estate. By prioritizing people, leveraging technology wisely, and remaining adaptable in the face of change, he has not only navigated the complexities of the industry but has also inspired those around him to reach new heights. 

For those focused on building their careers, his approach serves as a powerful reminder that great leadership starts with a commitment to excellence and brand.

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Sotheby’s Canada announces national coaching program with Ryan Secrist https://realestatemagazine.ca/sothebys-canada-announces-national-coaching-program-with-ryan-secrist/ https://realestatemagazine.ca/sothebys-canada-announces-national-coaching-program-with-ryan-secrist/#respond Thu, 09 May 2024 04:01:45 +0000 https://realestatemagazine.ca/?p=30903 Free for Sotheby’s Canada professionals, the program comes at a time when the company recognizes the industry is especially competitive for realtors

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Sotheby’s International Realty Canada recently introduced its new national coaching program. It consists of ongoing sessions with real estate coach, mentor and trainer, Ryan Secrist. The program will offer practical skills and advanced strategies to improve market presence and productivity.

 

‘These sessions are also an opportunity to network with peers and to share solutions and experiences’

 

Designed to enhance support and develop opportunities, the Sotheby’s International Realty Canada National Coaching Program comes at a time when Sotheby’s recognizes the industry is especially competitive for realtors.

“Our goal at Sotheby’s International Realty Canada is to equip our agents and brokers with the support, training, tools and resources to navigate an evolving market and to ensure they are empowered to continually raise the bar in our industry,” says Don Kottick, CEO & president, Sotheby’s International Realty Canada. “With a nationwide network of real estate professionals, these sessions are also an opportunity to network with peers and to share solutions and experiences.”

 

The program

 

The program is free of charge for all Sotheby’s International Realty Canada agents and brokers and is made exclusively for them. Its course curriculum includes advanced sales training to help agents attract clients, negotiation strategies, client nurturing skills, comprehensive online marketing strategies including social media and video content, and business planning.

Sessions will be delivered virtually, once a month over a one-year period. They’re highly interactive to encourage collaboration and to complement and reinforce existing Sotheby’s-adopted training frameworks, including the Ninja Selling approach.

 

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