Eric Fite
COO
CENTURY 21 Judge Fite Company
“The Secrets of Succession-Building” – Eric Fite shares strategies for a successful generational real estate firm
Overview
Eric Fite, chief operating officer of CENTURY 21 Judge Fite Company, joins the latest episode of RISMedia’s RealEdge Podcast. Over the course of his conversation, Fite breaks down the unique aspects of real estate as a family business and discusses the systems he’s implemented as COO to make the firm stand above its competitors. Listeners will learn tips on building company culture and streamlining business processes.
On this week’s episode, you’ll learn:
1:10 – How Fite got involved in his family business
5:41 – The pressures and family dynamics of running a generational real estate business
10:55 – The unique challenges and culture-building of a family firm
15:40 – The models and internal structures at CENTURY 21 Judge Fite Company
17:54 – How the firm—and Fite’s father, Jim Fite—streamlined the business model when he took over
20:21 – Fite’s plans for his own succession
21:42 – Why good business processes hold the key to long-term success
24:04 – The business relationship between Eric and Jim Fite
25:57 – How the company stacks up next to venture capital-backed firms
29:15 – What’s next for CENTURY 21 Judge Fite and the market at large?
About Eric Fite
The heir apparent to the CENTURY 21 Judge Fite Company, Eric Fite was raised in real estate. Based in the Dallas-Fort Worth area of Texas, the CENTURY 21 Judge Fite Company was first founded in 1937. The brokerage has been affiliated with the CENTURY 21 brand since 1970, yet remained a family-operated business even as it grew. The company is currently home to more than 1,000 agents. After working a series of odd jobs in his youth, Fite joined his family business in February 2002 and currently serves as chief operating officer. In that capacity, he has implemented new business processes and streamlined existing ones.
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