8020 rule: Meaningless Averages ...I am not average!
- 10/08/06 02:16 PM
When real estate professionals get together, you know that numbers and statistics will come up. At a meeting in Scottsdale, John Featherston, President and CEO of RISMedia,Inc., said that 500,000 – that's more than 1/3 - of the 1.3 million Realtors® have never done even one transaction! Small wonder that the old 80/20 rule – 80% of the transactions done by 20% of the agents – is now more like 93/7.This is a good example of why averages are useless. And it applies to realtors, housing prices, time on market, weather, you name it. The go-getters will go and get, and … (9 comments)
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