Delegate to Domain Experts

Real estate teams succeed when the team leader or broker understands the substance of a given issue. If you’re the leader of your real estate organization but not the best person to make a particular decision, either because you aren’t close enough to the issue or aren’t going to be involved in its ultimate execution, then don’t make the decision. Delegate that decision to someone else. You don’t have to look too far to see many examples of how the absence of domain expertise has led to spectacular failures. With humility, these are avoidable errors. Identify your experts and delegate relevant decisions to them.