Lou Nimkoff, the owner-broker of Brio Real Estate Services LLC, is 2018 president of the Orlando Regional REALTOR® Association.
“It is a privilege and a responsibility to lead our association during this period of change in the real estate industry,” says Nimkoff. “My intention, along with the leadership team, is to guide ORRA on behalf of the entire membership as it seeks to provide the programs, activities, and benefits that help our members navigate and succeed in their chosen profession.”
Lou holds the Certified Commercial Investment Member (CCIM) and Certified Property Manager (CPM) designations. He has been an active ORRA volunteer since 2004, and his extraordinary service to the association — which has included a wide variety of committee chairmanships and many years on the board of directors —was recognized in 2013 with the REALTOR® of the Year Award. This honor, ORRA’s highest, was presented in acknowledgment of Lou’s contributions to the creation of the Orlando Regional Commercial Council.
Lou is a commercial real estate specialist who also contributes his leadership to both the Florida CCIM Chapter and the nationwide CCIM Institute. He even served as treasurer of CCIM Institute in 2017, when Orlando enjoyed representation by the CCIM Institute president, president-elect, and treasurer.
Experience within Orlando’s commercial real estate realm is going to be particularly valuable to ORRA in the coming years; Lou is landing in the ORRA driver seat as the board of directors is increasing its focus on relocating the association’s headquarters and opening satellite offices for member convenience.
In addition to addressing issues of location, Lou plans to spend his presidency prioritizing REALTOR® safety, education-delivery technology, and engagement initiatives that encourage ideas and input from members as ORRA’s course is charted for 2018 and beyond.
Read on to learn a little more about the goals and philosophies of the 2018 ORRA officers, starting with Lou.
Lou Nimkoff Brio Real Estate Services LLC
The most pressing REALTORS® issue I would like to see ORRA address during my term as president is the degree of professionalism exhibited by REALTORS® across the board.
The most pressing real estate issue I would like to see ORRA address during my term as president is the lack of affordable and workforce housing. This concern encompasses issues ranging from homelessness in our city to rising rental rates to very low residential inventory conditions.
I choose to be involved with ORRA because REALTORS® are a powerful voice for homeownership and personal property rights.
ORRA has had an impact on my career by allowing me to be engaged with so many great professionals that have helped me grow, have referred business to me, and have allowed us to work together to achieve things we could not do alone.
The factors most affecting the future of Orlando’s housing market are interest rates, the cost of raw building materials that is impacting new-home construction, and the area’s economic growth.
What I wish others knew about ORRA is that education is more than just learning about something. It’s about networking and meeting people with whom you can do business; from whom you can learn; and from whom you can gain new perspectives.
What I think will be different about ORRA in five years is that we will be more engaged with other local REALTOR® associations, which will make it easier for our members to do business outside of Orange and Seminole County.
My three goals as a real estate professional for 2018 are to learn more about how technology can help us do our jobs better, to remember that real estate is a people business, and to become more engaged in advocacy efforts geared toward helping first-time homebuyers.
My favorite thing about Central Florida is that there is so much to do here and that it’s growing in all four directions, but the beach is only an hour away.
My first job was working at a radio station.
If I were not in real estate I would be a lawyer.
Jeff Fagan, Watson Realty Corp
The accomplishments I would most like to see ORRA achieve during my term are to increase engagement via leadership outreach efforts and to expand our service area.
The most valuable services that ORRA offers members are education, professionalism training, growth opportunities, and leadership development and growth.
I choose to be involved with ORRA because it is my way of giving back to an industry that has given so much to me and my family.
The factors most affecting the future of Orlando’s housing market are the professionalism of associates and brokers; associates that work part time; borderline business practices; and improvement in our area’s job creation. Low inventory levels are creating excess tension in our market and influencing price.
What I think will be different about ORRA in five years is expanded technologies, consolidation, and increased diversity.
The most pressing local real estate issues are lack of inventory, slow wage growth, and REALTOR® professionalism issues.
The most pressing national real estate issues are government incompetency and inconsistency; regulatory threats to mortgage and real estate practices; the CFPB; and government overreach.
My three goals as a real estate professional for 2018 are to improve, grow and remember to give thanks.
The most important real estate lesson I’ve learned is to listen first. It’s more important to DO right, than to BE right.
The most rewarding part of real estate is helping people realize their dreams, whether they are consumers or sales associates!
The best real estate advice I’ve received is under promise, over deliver, and set proper expectations.
My favorite things about Central Florida are the diversity of its people and its entertainment options.
My first job was as a line cook at Phillips Crab House in Ocean City, Md.
Reese Stewart, RE/MAX Properties SW Inc.
The most valuable services that ORRA offers members are our many education programs and our communications platforms that provide information about what is happening within the real estate industry on both the local and national levels.
I choose to be involved with ORRA because I want to give back to my chosen profession.
The best real estate advice I’ve received is "Do not get attached to the outcome."
The best real estate advice I’ve given is “Do not get attached to the outcome.”
My real estate role model is Rick Miller, who graciously taught me how to be a better REALTOR® and a better broker.
The best way to stay competitive in real estate is to stay educated, at a level that is well above and beyond the requirements established by the state to maintain your real estate license.
The most important real estate lesson I’ve learned is hard work can weather any storm.
The best decision I’ve made is asking my wife, Julie, to marry me!
My favorite music is country.
My favorite thing about Central Florida is just about everything you can think of. I was born and raised here in Orlando.
My favorite sports team is the University of Florida Gators.
My favorite TV show is Designated Survivor.
I’ve always wanted to go to Australia.
My first job was as a car hop at Steak and Shake near the old Colonial Plaza Mall.
What makes me happy is seeing other happy, especially my wife, daughters, and grandchildren.
If I were not in real estate, I would be a police officer.
My three goals as an ORRA leader for 2018 are to open several satellite offices around the Greater Orlando area to better service our members; increase member participation within the association; and continue to promote professionalism within our industry.
The most valuable service that ORRA offers members is our fabulous education department, which provides top notch professional development opportunities such as the Excellence in Professionalism - Gold Key Certification program.
I choose to be involved with ORRA because as a broker/owner of a boutique real estate firm, I need my association for things such as continuing education and networking opportunities. As a REALTOR®, I value my association for the advocacy it provides for both the REALTOR® and the homeowner.
ORRA has had an impact on my career by providing me with mentors who have helped me take real estate from a job to a passion.
The best thing that has happened since I started volunteering with ORRA is that I’ve developed an amazing network. It always makes the transaction easier if you know the other REALTOR®.
The factors most affecting the future of Orlando’s housing market are affordable housing and transportation.
The most pressing local real estate issue is our low inventory.
My three goals as a real estate professional for 2018 are to grow my team; finish my MRP designation; and update our processes with technology.
The most important real estate lesson I’ve learned is to always speak the truth. If you don’t know the answer, don’t make one up! Tell them you will get the answer for them. Be honest about everything, even if it is painful.
The most rewarding part of real estate is having grateful previous customers who after many years still send me referrals.
Bruce Elliott, Regal R.E. Professionals LLC
My three goals as an ORRA leader for 2018 are to help the association find a new headquarters building that appropriately reflects the importance of REALTORS® and the real estate industry in Central Florida; to develop two ORRA satellite offices that offer greater convenience to members; and to create interactive “heatmaps” that illustrate where the greatest concentrations of current and future members are located.
The most valuable services that ORRA offers members are education and defense. ORRA joins efforts on the national and state levels to protect REALTORS’® ability to practice real estate, and also to protect us against the intrusion of outside third-party aggregators that seek to access and control listing data.
The best thing that has happened since I started volunteering with ORRA is gaining a better appreciation of how the real estate industry functions as an economic driver. I’ve also gotten a real eye-opener regarding the way an association operates and tries to satisfy a wide range of individuals with a wide range of interests.
The most pressing local real estate issue is the lack of affordable single-family inventory.
The most pressing national real estate issue is lack of affordable housing across all home types, including rentals and multifamily.
The most pressing national REALTOR® issue is protection of the mortgage interest deduction and maintenance of flood insurance.
The most important real estate lesson I’ve learned is that patience is a virtue, not only in the luxury realm but across all price categories.
The most challenging part of real estate is convincing both buyers and sellers that you are doing everything in their best interest.
The best real estate advice I’ve received is to be careful what you say, because you don’t know who you’re talking to or who’s listening.