Why Only 10% of Realtors Make 90% of the Income

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 21 December 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

What is the 80/20 rule?
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Transcript

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0:00.0	A lot of real estate agents I feel like don't make a lot of money, right?
0:03.7	Yeah, I think they say like 10% make 90% of the income.
0:08.4	But I mean like that's all things in life, you know, 80-20 rule.
0:13.0	But why do you think a lot of them don't make money?
0:16.0	Is it too competitive?
0:17.0	I think that they don't treat it like a business.
0:21.0	They probably just get their license and they think that, oh, something
0:24.6	to post on. Yeah, my friends will all use me. And it's like, dude, your friends have 20 other
0:28.1	other realtors they know too, you're not the only one, you know? And so they just have this false assumption they're gonna just all these people
0:35.6	are gonna come to them when in reality it's like now you got a market you got to sell
0:39.0	you got a prospect you got to do all these things that every business has to do.
0:43.4	So you go from making $1,200 a month to $12,000 an hour.
0:47.1	That's a big joke.
0:50.3	You know what, that's almost he charges.
0:51.9	Oh, for I call.
0:53.0	His hour is worth $12,000, right?
0:56.0	Man, I don't know what it's worth these days, but, uh, yeah, I don't do too many one-on-ones, but, uh,
1:02.0	yeah, we were doing the math the other day, it was like 5,000 an hour was like what it came out to if you
1:07.1	were to just take the hours I work divided or however much I made divided by the hours I work.
1:12.6	That's 10 mil a year, right?
1:13.8	5,000 hour?
1:15.0	Well, I don't work 40, well, I don't work full time.
	...

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