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The Millionaire Real Estate Agent - The Economic Model
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Instructions: Fill in the darker shaded cells and the rest will autopopulate. Enter your Net Income Goal, then expenses and COS (if you know them) or use the MREA amounts shown in the MREA Percentages column. Play with different commission amounts and conversion rates to see how the calculations change.
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MREA Percentages
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Total Net Income $ - 40%$0
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Expenses $ - 30%$0
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Cost of Sale $ - 30%$0
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Total gross income $ - =100%$0
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Avg. Commission amount $ - /
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Total Units Sold0.0=
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MREAMREA
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List sideBuy side
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Sellers as a percentage of your Total Units Sold 50%x50%Buyers as a percentage of your Total Units Sold 50%x50%
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Total seller listings sold0.0=Total buyers sold0.0
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//
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% Sold Conversion Rate70%70%% Sold Conversion rate70%70%
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Total listings needed0.0=Total buyer listings needed0.0=
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//
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Appointment Conversion rate75%75%Appointment Conversion Rate70%70%
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Total seller appointments needed0.0=Total buyer appointments needed0.0=
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Total Seller Appointments per Month0.0Total Buyer Appointments per Month0.0
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