Carolyn Cheng Archives - REM https://realestatemagazine.ca/tag/carolyn-cheng/ Canada’s premier magazine for real estate professionals. Thu, 30 Jan 2025 15:04:49 +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 Carolyn Cheng Archives - REM https://realestatemagazine.ca/tag/carolyn-cheng/ 32 32 The Real Deal: Industry highlights for January 2025 https://realestatemagazine.ca/the-real-deal-industry-highlights-for-january-2025/ https://realestatemagazine.ca/the-real-deal-industry-highlights-for-january-2025/#respond Tue, 28 Jan 2025 10:02:14 +0000 https://realestatemagazine.ca/?p=36967 Realtor and brokerage updates, along with leadership moves in Canada’s real estate industry: January 2025 edition

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Every month, REM is committed to sharing Realtor moves, brokerage conversions and other notable announcements from the industry. Send your news to editor@realestatemagazine.ca with the subject line “The Real Deal” by the 26th of every month to be considered. Unedited photos are also welcome; please ensure they don’t include branding or other graphics. 

 

Industry moves

 

Royal LePage celebrates new addition

In brokerage news, Royal LePage welcomed its newest addition, Royal LePage Hometown Real Estate, in Alberta. Led by Jean-Luc and Shaylie Lamoureux, the team specializes in residential, recreational, farm, and commercial properties across St. Paul, Elk Point, Bonnyville, Smoky Lake, and Mannville. 

 

Re/Max President Realty expands in Brampton

Re/Max President Realty has opened a second office in Brampton, Ont., near the Mount Pleasant GO Station. The new office offers state-of-the-art facilities designed to foster collaboration and innovation for agents. President and Broker of Record Garry Bhaura says this expansion underscores the company’s commitment to growth and excellence. 

 

Century 21 Masters broadens reach across Alberta

Century 21 Masters has expanded its operations with offices in Edmonton, Calgary, Airdrie, Drumheller, Strathmore, Stony Plain, and St. Albert, reaching over 50 communities across Alberta. The leadership team includes 2024/25 CREA chair James Mabey, Geneva Tetreault, and Bob Sheddy.

 

Living Realty joins Keller Williams

Living Realty, a Markham-based brokerage with 550 agents, is transitioning to Keller Williams (KW) as KW Living Realty. According to a company press release, the brokerage, which has reached over $1.1-billion in sales since 2023, will officially rebrand on Mar. 3. David Wong has been named team leader, while Kelvin Wong will serve as operating principal. 

 

Sutton Group welcomes Kings Cross franchise

Sutton Group has introduced Sutton Group Kings Cross, a new franchise serving King City and Newmarket, Ont. Led by Marc Cioffi, a detective sergeant in his local police force, the brokerage focuses on real estate solutions for first responders. Previously operating as Kinsby Real Estate, the partnership with Sutton includes plans to launch a national first responder program. Cioffi, who transitioned to real estate in 2023.

 

Re/Max Hendriks Team Realty aligns with Re/Max Hallmark

Re/Max Hendriks Team Realty has joined forces with Re/Max Hallmark, the world’s largest Re/Max brokerage. Led by industry veteran Jerry Hendriks, the brokerage will continue to service Ontario’s Niagara and Hamilton regions. 

 

Century 21 Assurance Realty Ltd. expands Into Creston, B.C.

Century 21 Assurance Realty Ltd. has expanded its operations to Creston, B.C., through a merger with the long-standing Century 21 Veitch Realty. The Veitch family has worked in real estate for over five decades in the region. Scott and Shannon Veitch will continue to play key roles in the Creston office. With this addition, Century 21 Assurance Realty now operates offices in Kamloops, Salmon Arm, Vernon, Kelowna, Castlegar, and Creston.

 

Announcements and notable mentions

 

Canadian leaders on the SP 200

Phil Soper, Royal LePage President and CEO, has ranked as the top Canadian leader on T3 Sixty’s Swanepoel Power 200 (SP 200) reaching number 12 on the prestigious list. Chief Operating Officer of Royal LePage, Carolyn Cheng, has also been named for the sixth year in a row (#141). Other notable Canadian leaders on the list include TRREB CEO Jon DiMichele (#53), Re/Max Canada President Christopher Alexander (#55), Century21 President and CEO Martin Charlwood  (#57) and CREA CEO Janice Myers (#161)

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New Royal LePage platform rlpSPHERE integrates emerging technologies https://realestatemagazine.ca/new-royal-lepage-platform-rlpsphere-integrates-emerging-technologies/ https://realestatemagazine.ca/new-royal-lepage-platform-rlpsphere-integrates-emerging-technologies/#respond Tue, 13 Oct 2020 05:00:40 +0000 https://realestatemagazine.ca/new-royal-lepage-platform-rlpsphere-integrates-emerging-technologies/ Royal LePage says its new real estate platform rlpSPHERE can completely automate Realtors’ businesses and is the first of its kind in Canada.

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Royal LePage says its new real estate platform rlpSPHERE can completely automate Realtors’ businesses and is the first of its kind in Canada.

The “powerful” cloud-based system “just allows the broker and the agent to deliver much better service to the consumer,” says Carolyn Cheng, Royal LePage’s chief operating officer.

Carolyn Cheng

Carolyn Cheng

The integrated platform, which customizes and Canadianizes the company’s kvCORE real estate platform, enables agents and brokers to create strong websites, improved lead generation and client insight and an automated client nurturing system.

It allows brokers and agents to build customizable websites with search options that include searches by drive time or by school catchment area and lifestyle information.

Phil Soper

Phil Soper

“We saw an opportunity to use emerging technologies that could be imported to any platform,” adds Royal LePage president and CEO Phil Soper. Realtors can access data anywhere on any device.

Cheng says there has been a great deal of interest and excitement in the real estate industry about technology in recent years. However, “the technology has finally coalesced to a point where we actually have these integrated platforms, so you can completely digitize the broker platforms (and create) everything from powerful lead generating websites to different lead generating tools,” she says. “This was the right time to make the investment so that our brokers and our agents could have this advantage. “

RlpSPHERE has been rolled out by region, to ensure there is enough customer support available to agents and brokers, she says. The rollout began in May, starting with the Atlantic provinces, followed by Western Canada and Ontario. In Quebec, the broker rollout is planned around the end of the year, with the rollout to agents in early 2021.

Online training and coaching is available to ensure the technology is used effectively. Otherwise, “it becomes a shiny toy and not a useful business tool,” Soper says.

He says a challenge in running a real estate company is that agents are very independent-minded.  As a result, “we decided we had to give them best-of-breed end-to-end tools so that they get an actual contemporary customized website for free, which is embedded in a contemporary leading brokerage website that’s configurable, which is embedded in the actual technical umbrella.”

While it is difficult to drive consistency at a large coast-to-coast company, if “you give it to them for free and you make it incredibly compelling, you get a higher level of adoption.” Reviews from early adopters have been solid, Soper says.

Although the idea for rlpSPHERE was cooked up about 18 months ago, its launch timing during the pandemic turned out to be “very fortuitous,” Soper says, as the platform allows people to work from anywhere they want without suffering drawbacks.

Meanwhile, Soper believes that virtual open houses are here to stay post-pandemic but that the traditional open house will not disappear.

“The message we’ve taken to our people is that you can actually hold several open houses on a Saturday if they’re virtual. If they’re in person, the work that has to go into setting up the property really confines you to one a day.”

He notes “there are agents who are set in their ways” who love open houses, love sitting in the property they’re trying to sell and love meeting people face-to-face. “So when it’s safe to do so, they’ll continue to do that. I don’t see the open house disappearing, but I see it as a slower and less effective way to utilize an agent’s time. It’s not a really useful way to spend a prime three or four hours on a weekend.”

On the other hand, it is totally unreasonable to expect people to buy a home without seeing it in person, Soper says. “People do buy properties sight unseen with just photographs and video tools, but it’s pretty rare. Most people want to have a visceral feel for what living there would be like.”

So even though virtual showings will speed the process and be more efficient for both the agent and the client, the vast majority of buyers will visit a property before the sale is concluded.

Virtual training, which “is just so efficient,” is also here to stay, he says. However, in-person training and sales rallies will not disappear once the pandemic is in the rear-view mirror. “Just like people aren’t going to be satisfied just with Netflix specials to replace travel, they’re not going to be satisfied with virtual interactions on a permanent basis,” Soper says.

While Royal LePage has been able to deliver specialized and targeted training during the pandemic, the company will have to see how it can balance online and in-person training post-pandemic. “With in-person training, you are able to target the individual’s needs and get more feedback,” Cheng says.

Soper says in normal times he tries to travel to meet Royal LePage people from coast-to-coast, something that can take years to do given the country’s size. Zoom meetings are “very efficient – you can cover a lot of geography in a very efficient timeframe – but are not a replacement for face-to-face gatherings.”

With online sessions, “you can literally start in the morning and march around the country.”  But he doubts people soak up information online as well as they do in person.

Mix and mingle sessions, conversations and networking online are not the same thing, even though the company tries to use virtual breakout rooms and virtual networking events.

Still, “it’s the way we’re going to operate in 2021 we believe, because that is just the way the pandemic management appears to be rolling out.”

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