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All good points. If he has say, 1000 leads per month and cant work them all. And we are still assuming a 10% closing ratio. Then just recruit agents and even at a 5% cut of the comp he would make $500k per month on that 5% cut. But instead of $500k he would rather make $100k....
And that is at a tiny cut of comp and a lousy closing ratio. If he formed his own IMO he could get at least a 10% override. And with decent agents and decent leads they should get over a 10% closing ratio. So that monthly revenue would be closer to $1m or more. But he is fine making just $100k per month instead of $1m per month.
OK!
And that is at a tiny cut of comp and a lousy closing ratio. If he formed his own IMO he could get at least a 10% override. And with decent agents and decent leads they should get over a 10% closing ratio. So that monthly revenue would be closer to $1m or more. But he is fine making just $100k per month instead of $1m per month.
OK!