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January 22, 2023

Take two or three topics from the article and discuss why real estate is the best business in the world The best business in the world – The Risk and the RewardLess inve

Take two or three topics from the article and discuss why real estate is the best business in the world
The best business in the world – The Risk and the RewardLess invested Heavily RewardedComparative to other career choicesBrokers have bigger risks
Four rules of business expansion – Protect what you currently haveRetaining old business and relationshipsImprove market penetration with your target market or people you already work with.Target market is any market you focus to generate businessExpand your current market – expanding to friends of friendsFarm MarketExpand horizontally in your core business areaDifferent sectors in same marketExample – investors or buildersChange and create vertical expansionBuilding relationships with other types of vendors
Straight commision plan – This is simply a percentage of your sales If you sell a home for $100,000 and you earn 3% of the sale Price$ 3000 in gross commission to your office you get a set percentageCommon to have no extra feesEasy to budget forTypically has no movement up or down

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