Normal is just the average of the extremes!

By
Real Estate Agent with Progressive Realty (Boise Idaho) www.Progressive-Realty.info DB-17066
http://activerain.com/droplet/4Zvj

One day as I was relaxing enjoying a beer after work and I overheard a question on the other side of the bar:  "What is normal anyway?" 

I really wasn't evesdropping, but for some reason that question came across crystal clear.  Out of nowwhere, the answer popped into my head and I responded "It is the average of the extremes!"

That sparked quite the conversation.  If you ever studied statistical analysis, you probably are familiar with the bell curve and standard deviations.  

Bell Curve and Standard Deviations

As the graph above shows, one standard deviation encompasses 68.2% of the entire sample.  When you go out 2 standard deviations, it included 95.4%, leaving only 4.6% that are more than 2 standard deviations from the norm.  

What I figured out that night was that if you have a person that is -2 standard deviations from the norm and then add a person that is +2 standard deviations, then the "average" is back to normal.

 

In summary, what is normal anyway?

 

BTW, I am proud that I am not your "Normal Realtor".  If you are looking for an agent that understands marketing, negotiating, business strategies, communication instead of someone telling you it is only about price or sq. ft. - give me a call!

 

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Rainer
381,961
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Jim,

Love the nerd logic here. Between the two of us, we are probably as normal as can be.

Feb 09, 2017 08:34 PM #12
Rainer
302,183
Jerry Lucas
ABC Legal Docs LLC - Colorado Springs, CO
Mobile Notary Colorado Springs, CO Notary Training

For a simple video explanation of abnormal, Dr. Frankenstein gave a demonstration in this educational clip from the movie Young Frankenstein

Feb 09, 2017 09:06 PM #13
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jim Paulson - being normal makes us an average Joe or Jane! And that's where we differentiate us from others.

(And you reminded me of my Statistics class during my engineering….lol!)

Feb 09, 2017 11:23 PM #14
Rainmaker
215,344
Shirley Coomer
Keller Williams Realty Sonoran Living - Phoenix, AZ
Realtor, Keller Williams Realty, Phoenix Az

Great point!  Averages are interesting, but not always helpful.  Just like house prices,  One needs to understand what the numbers mean...and we all know you can present numbers in a variety of  manner to make your point!

Feb 10, 2017 04:37 AM #15
Rainmaker
2,209,384
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If you choose to beleive it...this post is not normal

Feb 10, 2017 07:29 AM #16
Rainmaker
3,383,175
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

The definition is right on, but then again, I have yet to see anything ear normal that is always close to the same month after month

Feb 10, 2017 07:34 AM #17
Rainmaker
299,228
John Wiley
Jones & Co. Realty - Fort Myers, FL
Lee County, FL Real Estate GRI, SRES,GREEN,PSA

Thanks for sharing a post that gives us something to chew on.

Most agents use the "normal" for setting the course of their business.

Marketing like everyone else does. The result as you say is they then get lost in the crowd.

Feb 10, 2017 07:47 AM #18
Rainmaker
282,048
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

Dörte Engel I admit to being a bit of a nerd and thanks for that compliment .  The fact that I felt compelled to learn how to type the ö in your name might be an indicator.  Thanks for teaching me something today.

Feb 10, 2017 08:56 AM #19
Rainmaker
282,048
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

Jerry Lucas Mel Brooks and I are both about 4 standard deviations from the norm.  I love his works!

Praful Thakkar I bet you didn't go to Engineer Schools to learn to build average things did you?

Feb 10, 2017 09:13 AM #20
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

LIke this one.  Hope you don't mind one more feature in one more group.

Feb 10, 2017 09:35 AM #21
Ambassador
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

Featured in the group:  BARTENDER, MAKE IT A DOUBLE.

Feb 10, 2017 09:35 AM #22
Rainer
254,745
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

I took statistics in college.  Interesting subject.  I love Zig Zigglar's story about averages:

If you take a person and put one of their feet in a bucket of boiling water and the other in a bucket of ice water, on average, what is he?

 

Uncomfortable. 

 

:)

Feb 10, 2017 10:04 AM #23
Rainmaker
1,598,959
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Jim Paulson - Thanks for the enlightenment! Statistics was mandatory for my MBA. It was the last class I took before graduation and not an easy class for me. I wish I had taken it first. I believe that anyone who can master statistics, e.g., the way you explained it in your post and follow-up comments can conquer just about anything. In my opinion, those who can ace Statistics are the true leaders in the world of business and economics.  

Congratulations on a well-deserved feature story!

Feb 10, 2017 12:44 PM #24
Rainmaker
1,340,941
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

And speaking of statistical interpretation - I believe it was Mark Twain who said "There are lies, damn lies, and statistics."

Feb 10, 2017 03:37 PM #25
Rainer
388,172
Sham Reddy
H E R Realty, Dayton, OH - Dayton, OH
CRS

Very revealing!!!

I am proud that I am not your "Normal Realtor".  If you are looking for an agent that understands marketing, negotiating, business strategies, communication instead of someone telling you it is only about price or sq. ft.

Feb 10, 2017 06:38 PM #26
Rainmaker
510,007
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

I prefer to be abnormal! Thanks for sharing!

Feb 10, 2017 07:15 PM #27
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Jim

Oh that brings back seom memories, but a clever segue into real estate and hw you operate! NOT the avergae Realtor by a long shot!

Jeff

Feb 10, 2017 08:07 PM #29
Rainmaker
3,241,628
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Jim Paulson ,

Congratulations on a well deserved featured post! I had to chuckle at Marte Cliff 's comment on Mark Twain's quote "There are lies, damn lies, and statistics." I thought of the same quote when reading your post!

Feb 11, 2017 05:25 AM #30
Ambassador
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Jim, You're speaking my language since I'm an engineer/agent :)  Bill

Feb 11, 2017 04:32 PM #31
Rainmaker
274,594
Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

Good point, good post.  Real Estate is not a normal career.  I say to do very well in the business you need to be atypical. I am probably 2 sigma from center as an agent. (grinning) 

Feb 12, 2017 04:54 AM #32
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