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Running A Real Estate Business
Running a Real Estate Business!  
          I just finished reading an article about running a real estate business and what the new real estate professional needs to have and do to survive in our profession.  Very interesting statistics I thought I would share.  
          Within the first year as a Realtor 90% of the newbees are out of the business.  Within 4 years only 7% of the remaining 10% are still around.  The average agent with 3-5 years experience earns an average income of $27,100.   Why do 93% of new Realtors drop out of the industry?    
          Running a Real Estate Business is like any other sales business.  The difference is we are THE business owner under the umbrella of a real estate company.  Each Realtor must be a business owner in order for them to succeed.  As a business owner we need to make decisions in the interest of THE business, even if it conflicts with what we want to do or be as an individual.  Real estate can be much like a jealous partner. 
            Several years ago, I was fortunate enough to hear Peter Drucker speak at one of the many conventions I attend.  For those not ... more

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