Best real estate agents get severe haircuts

August 30, 2010
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It’s tough at the top of the hierarchy of local real estate agents.

You may have noticed in this weekend’s IBJ list of All-Star Agents that only 45 teams made the list, down from 58 last year. The seven individuals included on the list were about half the 13 who made it last year.

To make the list, the team or individual must rack up total sales of at least $20 million in 2008 and 2009.

Here’s additional perspective on the conditions.

The top 45 teams sold about the same number of houses in 2009 as in 2008, just over 1,000, but the total value of the sales plummeted a whopping 27 percent, to $200 million.

The individuals saw their sale numbers fall 10 percent and the total value of the sales slide 18 percent, to $81 million.

Lots of people would like to be able to say they sold $15 million of anything last year. That’s what the top solo agent, Carl Vargas of F.C. Tucker Co., pulled off. Still, even Vargas was down about $1 million.

Any thoughts?

  • Sales?
    Do "sales" include just what the agent was the closing rep on or does it also include what they listed that eventually closed?
  • Norm
    CK, the sales figures include everything that closed during the two years.
    • Sales Definition
      Right but if Bif Ward lists a house for $1.4 mil and Carl Vargas sells it for $1.4 mil, do they both get credit for $1.4 mil?
    • sales definition
      IBJ asks for total volume from closed sales during the two years. It's possible that if more than one agent received a commission on a sale, they'd both report the sale in their totals.

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    1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

    2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

    3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

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