The posting of this press release is by courtesy of Bill Cherry, Dallas Realtor-Broker, representing Texas for more than 43 years. NAR Member Survey Shows Patience and Professionalism Pay Over Time |
| WASHINGTON, May 10, 2007
The typical member is 51 years old, works 40 hours per week and has been in the business for seven years. More than 1.3 million Realtors® about half of all real estate licensees are characterized in the highly detailed 2007 National Association of Realtors® Member Profile. Median income was $47,700 in 2006, down from $49,300 in 2004, which had also had declined from 2002. Members licensed as brokers earned a median of $73,700 last year, while sales agents earned $34,600. During the last two years, NAR membership increased 23.2 percent. Paul Bishop, NARs manager of real estate research, said member growth is distorting the data. With rapid member growth in recent years, newcomers those in the business for two years or less now account for nearly a quarter of all Realtors® and are diluting median income, he said. Since most agents work on a commission and become successful over time through training, repeat business and referrals, income in those early years can be quite lean as agents establish themselves. Experienced professionals earn more as their skills sharpen and their contacts expand. Realtors® in the business for two years or less earned a median of $15,300, while those with three to five years of experience earned $44,200. For six to 15 years, the median was $64,600, while members in the business for 16 years or more earned $76,200. One quarter of all business is from referrals or repeat business from previous clients, ranging from 7 percent for newcomers to 41 percent for respondents with at least 16 years of experience. Seven out of 10 are compensated through a split commission arrangement, 17 percent receive a full commission and another 3 percent receive a commission plus a share of profits. Only 4 percent of members report real estate is their first career. The majority come from a variety of other fields, including management, business or financial, 20 percent; sales or retail, 15 percent; office or administrative support, 10 percent; education, 6 percent; and homemaker, 5 percent. Twelve other categories were each 4 percent or less. Even with the varied backgrounds, NAR President Pat V. Combs, from Grand Rapids, Mich., and vice president of Coldwell Banker-AJS-Schmidt, said there are common qualities among the membership. Realtors® are people-oriented with strong interpersonal skills they enjoy helping buyers and sellers, and bringing the deal together, Combs said. Theyre flexible to accommodate client schedules, entrepreneurial in their approach to business, and in todays world they also have strong technical skills. In short, successful Realtors® are not only high-tech, but also high-touch. Thirteen percent of NAR members have been in the business for one year or less, while another 13 percent have been in the business for 26 years or more. Only 10 percent work fewer than 20 hours per week and 30 percent work 20 to 39 hours per week, while 15 percent work at least 60 hours per week. Nearly six in 10 are women, and the typical respondent has been with their firm for four years. Five percent are under 30 years of age while another 6 percent are 30 to 34 years old; 12 percent are 65 or over. Men earned a median income of $58,600 in 2006 and were more likely to be brokers, while women earned $42,000 and were more likely to work part time. Among Realtors® working as full-time sales agents, men earned a median of $61,300 while women earned $54,400. Full-time male brokers made $94,000 last year, while the median income for women brokers was $80,300. Three-quarters of Realtors® specialize in residential brokerage, six in 10 have a Web site, and one in five has at least one personal assistant. In addition, 74 percent maintain a home office for business purposes. Among sales members, the median number of transaction sides handled last year was 10, equivalent to five full transactions. In 2004, the median number of transaction sides was 12. Transactions have two sides--buyer and seller. In 2006, typical residential sales members sold one of their own listings and five of someone elses, while other agents sold four of that members listings. The median sales or leasing volume was $1.9 million, down from $2.2 million in 2004. Once again, newcomers are diluting median figures. Members in the business two years or less handled a median of $800,000 in business, while those in the business at least six handled $2.6 million. Professional courses and training are important components of Realtor® membership. Many hold at least one professional designation, with the most popular being GRI (Graduate, Realtor® Institute), held by 18 percent of respondents; ABR® (Accredited Buyer Representative®), 13 percent; and CRS® (Certified Residential Specialist®), 8 percent. Smaller percentages hold one of 13 other designations. In addition, members offering specialized services belong to one or more of NARs affiliated institutes, societies or councils. Ten percent belong to the Council of Residential Specialists, 10 percent are members of the Real Estate Buyers Agent Council, 4 percent the Womens Council of Realtors and 3 percent the Council of Real Estate Brokerage Managers; smaller percentages belong to five other affiliates. Most Realtors® hold a sales agent license, 63 percent; followed by a brokers license, 22 percent; broker associate, 16 percent; and appraiser license, 3 percent. One percent hold some other kind of license. Buyer agency is popular, with 42 percent of residential specialists offering both buyer and seller agency, and another 8 percent providing exclusive buyer agency. Among brokers, eight out of 10 report their primary business specialty is residential brokerage, followed by commercial brokerage, 5 percent; property management, 4 percent; land and development, 3 percent; relocation, 2 percent; counseling, 1 percent; appraisal, 1 percent; and international, less than 1 percent. Nine out of 10 members report their firm has a Web site, and 61 percent have a personal Web site, which they have maintained for a median of three years. The typical Realtor® received four inquires from their personal Web site, which accounted for 3 percent of their business. Half of all members communicate with their clients by e-mail more than 50 percent of the time. Technology is increasingly important to Realtors®' success. Ninety-three percent use cell phones daily or nearly every day, 91 percent use e-mail, 88 percent computers, 27 percent PDAs, 23 percent digital cameras, 23 percent wireless e-mail, 14 percent instant messaging, 13 percent GPS devices, 2 percent blogs, 1 percent podcasts and 1 percent RSS feeds. The most popular software is multiple listing, with 74 percent of Realtors® using it daily or nearly every day, and another 13 percent using it a few times per week. Other frequently used software includes contact management, document preparation, comparative market analysis, and electronic contracts and forms. Less frequently used software includes transaction management, graphics or presentation, property management and loan analysis. Although three-fourths of all NAR members specialize in residential real estate, 27 percent have a secondary specialty in relocation, 18 percent in commercial brokerage, 18 percent land development, 16 percent counseling, 11 percent commercial property management, 8 percent residential property management, 4 percent residential appraisal, 4 percent international, 2 percent auction and 1 percent commercial appraisal. Residential brokerage was cited as a secondary business for 12 percent of respondents, who had other primary specialties. Some NAR members are involved in ancillary services, with the most common being mortgage brokerage, mentioned by 6 percent, followed by title insurance or processing, relocation, and home warranty, each mentioned by 4 percent. Half of all members are affiliated with an independent, non-franchised firm; 34 percent are with an independent franchised company, 11 percent with a franchised subsidiary of a national or regional corporation, and 6 percent with a non-franchised subsidiary of a national or regional corporation. Less than 10 percent report their firm was bought by or merged with another firm since 2005. Eighty-three percent of Realtors® work as independent contractors. Seven out of 10 receive no benefits from their firm, although 24 percent are covered by errors and omissions insurance; 93 percent must obtain health insurance elsewhere. Eighty-seven percent are Caucasian, 6 percent Hispanic, 4 percent African American, 3 percent Asian, 1 percent Native American and 1 percent other; respondents could choose more than one category. Realtors® are well-educated, with 44 percent holding at least a bachelors degree compared with 26 percent for the U.S. labor force as a whole. They participate in the political process more than other segments of the population, with 95 percent registered to vote in comparison with 66 percent for the United States as a whole; 90 percent voted in the last national election and 81 percent in the last local election. Fifteen percent of NAR members are fluent in a language other than English, and 10 percent were born outside the United States. One out of three members report they have clients who are foreign nationals. Four in 10 Realtors® own other residential properties in addition to their primary residence. While most of these are investment homes, 17 percent own at least one vacation home. In addition, 11 percent own at least one commercial property. Members generally are optimistic about the future, with 80 percent saying they are confident they will remain active in the business during the next two years; only 5 percent were uncertain. The 2007 National Association of Realtors® Member Profile was based on a survey of 140,000 members which generated 10,774 usable responses, representing an adjusted response rate of 7.9 percent. Income and transaction data are for 2006, while other data are representative of member characteristics in early 2007. Some data is not directly comparable with previous surveys due to changes in questionnaire design. The study can be ordered by calling 800/874-6500, or online at http://www.realtor.org/newresearch. The cost is $50 for NAR members and $125 for non-members. The National Association of Realtors®, The Voice for Real Estate, is Americas largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries. |
PRESS RELEASE FROM NAR ABOUT YOU AND ME
Realtors® come from varied backgrounds, work mostly on commission and become successful over a period of time, according to a new member survey by the National Association of Realtors®. 
5 comments • BILL CHERRY • February 14 2008 09:30AMREVERSE MORTGAGES - THE SUB-PRIME TRAGEDY FOR THE ELDERLY
Companies and people in the lending business never give up, and it's why strict banking regulations are as important now as the world found out they were when they analytically determined the reasons for the Great Depression.
Nevertheless, those regulations have been relaxed, some by interpretation, others by changes. Many, including me, think we are on the way to a new set of financial tragedies.
The sub-prime loans have ripped to shreds the financial present and future of thousands of young Americans, and the scars will remain with them for a lifetime. For many it will be the same as the stories that are still told about a family that lost everything in 1929. They will be told by subsequent generations.
But America has moved on, and now while we are scrambling to save ourselves, the money lenders are preying on the elderly through the magic the lenders promise will come to them from a reverse mortgage. There are no serious attempts to make certain those borrowers fully understand the dynamics that can and will accrue to them and their family if they make such a loan. Most find it akin to winning the lottery.
And there is apparently no penalty to a lender who makes such a loan to a person riddled with dementia, often times being represented by one of their grown children through power of attorney.
So frequently the cash proceeds from the reverse mortgage find their way into the hands of that person's children, who then piddle it away on a new car or to bail out their own credit card abuses. Or maybe the elderly person makes generous gifts to his church or other charity.
So when the time comes for the borrower to use the money for his own subsistence, there's little or none left. The children, the church and the charity aren't expected to reverse their participation in the transaction. The person is alone.
And finally, frequently the borrower finds his health doesn't allow him to remain in his house until his death. Maybe it was only a year or so. Now he has to move, say to assisted living quarters, and the house has to be rented. But in most cases, his control of the house is only through a "life estate." Can he, in fact, legally rent it, or must it sit there vacant until his death?
In retrospect, it becomes evident that a far better idea would have been to sell the house rather than borrow against it.
Reverse mortgages are, unfortunately, the sub-prime tragedy for the elderly. If this product is to remain a legal loan form, then it needs to be strictly regulated.
0 comments • BILL CHERRY • February 13 2008 08:47PMSUNDAY IN THE PARK WITH DALLAS REALTOR BILL CHERRY, 17th Edition
Thanks for stopping by for our weekly Sunday after church meeting here in the park. It's so nice to see you.
I was just thinking about why Sunday trips to the park are
so important to me. They remind me of when I was a little boy during the War years.
After Sunday school, during the spring, my daddy would bring me here so I could swing, ride the merry-go-around, and go down the slide a zillion times.
And then we'd go to the ice cream factory just about three blocks away, and get a freshly made ice cream sandwich. We'd sit on the factory's front steps and eat that delight. It was called Purity Ice Cream and even Texas' famous Blue Bell Ice Cream doesn't match up.
My daddy, William Wallace Cherry's, birthday was last week, and if he were still alive, he would be 99-years old, but I still think of him as the young man in the park with his little boy on Sundays after church.
RIP OFFS. OK, here's the latest. A company called Reserve Solutions is pushing a debit card that lets you withdraw money from your 401 (k). Of course the withdrawals are treated as loans against your retirement account. Now let's see if the federal government is astute enough to put a stop to this, or will it be the next sub-prime mortgage.
PER STIRPES. These two Latin words frequently work their way into wills. It's a method for distributing an estate. Per stirpes (which is Latin for "per branch") specifies that each branch of the deceased person's family receives an equal share of the estate. Say a man dies and leaves three grown children. His estate would be equally divided among the three. If one of them had died, then his one-third would be equally divided among the deceased son's children.
PER CAPITA. Conversely, per capita is a method of distributing an estate where each child living at the time of the decedent's death gets an equal portion. No provision is made for branches being beneficiaries. Consequently if one of his three children has predeceased him, none of his father's estate would pass to his children.
SCHWAN. There is one food delivery service that is reminiscent of the past when the milkman brought milk to the door, as did the egg man. Schwan's Fine Foods wonderful products. They come to our door every two weeks. We are especially fond of their skinless chicken breast filets and their deserts. You can order by Internet, telephone or when the delivery man stops by.
RETIREMENT. The trick of retirement is figuring out how much net worth you must have to supplement your social security, pensions. Etc. Here's a retirement income calculator.
PET MOVING EXPENSES. Fido's moving expense is totally deductible just like any other member of the family, if the move is related to a new job. OK, maybe moving Fido isn't such a big deal, but what about your horse?
DR. KENNETH COOPER. Dr. Cooper is known world-wide as the father of aerobic exercise. He has an enormous facility here in Dallas and another one in nearby McKinney. He also oversees the manufacture of a number of
vitamins and diet supplements. The most amazing one is his fish oil capsule. He's figured out how to take out the after taste and the burp.
Get on Dr. Cooper's health newsletter mailing list. It's free. Click here.
DIET. Oddly, a number of medical experts appear to be weighing in on the best diet for losing weight and remaining there. It's 1972 Edition of Dr. Atkins' Diet Revolution.
Thanks for stopping by the park this Sunday. I hope you'll find the time to join me again next Sunday. In the meantime, remember....
GOD Blesses!
11 comments • BILL CHERRY • February 09 2008 11:06PMBUD BUSCHARDT AND HIS DALLAS LEGEND
If you've eaten at TGI Friday's or seen any nostalgia movies or TV programs, or if you've listened to the various music programs broadcasted by the ABC Radio Network, you've been touched by my friend Bud Buschardt.
Bud has one of the largest catalogued record collections in the world. There are more than 100,000 of those babies. They are in specially built open cases that line almost every closet in his home plus every wall -- floor to ceiling -- in his home control room that overlooks one of the most Tony neighborhoods of Dallas.
It's from that enormous collection and that control room that Bud specially programs and supplies the music to them all. And he has for years and years.
And it was from the big ABC building near Dallas' Galleria that for many years Bud produced 
the programming for ABC's Starlight Network. In addition to his enormously popular rhythm and blues program..the program that he hosted and loved, "The Night Train," he was the on-air sidekick of DJ legends Joe Lucina and Eddy Hubbard.
Bud was born in Houston in the early ‘40s, and he had the misfortune of coming with acute asthma. The doctors said he needed to spend as much time as possible indoors. His mom and dad 
noticed that he was interested in music, records and wondered how record players worked.
They bought him a small 78 rpm turntable, some records, and that started his passion for adding more and more and then some more, and saving them all. He worked at radio and TV stations as an apprentice until he got his degree in communications from the University of Houston. Fate brought him to Dallas.
Here he worked with all of the Big Boys, beginning as a floor and cameraman at WFAA-TV. But all the while his record collection was growing, and then growing.
Bud retired a few months ago, but he continues as an adjunct professor of radio and television at the University of North Texas in Denton, and as the nation's best authority and source of recorded music.
Although we've known each other for a long time now, and we have our irregular monthly lunches, this past Wednesday was the very first time I ever got to see Bud's soul. He invited me to come see, and he said I could bring my camera.
"I don't worry about losing the collection in a fire. At least the melted vinyl would fill all of the pot holes Mayor Miller didn't get around to filling on my street."
Copyright 2008 - William S. Cherry
All rights reserved
Dallashomes University Park Homes Highland Park Homes Dallas Piano Tuners
5 comments • BILL CHERRY • February 08 2008 11:42AMMORTGAGE MARKET "COLLAPSE" IS NOT REALLY THE PROBLEM
Much is being made about the prospects of a pending recession. Politicians, media and some business people and economist are making every effort to build a case that charges the mortgage lenders, whose credit underwriting parameters are thought to have been too lax.
In some effort to make citizens feel good, and at the same time in hopes of heading off a recession, congress has plans of sending every taxpayer a check. It also is putting in place a mechanism to reduce the number of projected foreclosures.
While these are both important and need addressing, the real culprit, the one that is doing more to hurt the economy than the genesis of any other issue, is the enormous increase in the price of oil and gasoline at the pump.
The federal government taxes every gallon of gasoline 18.4 cents. On top of that, there are state taxes on each gallon with Hawaii and California being among the highest. A gallon of regular gasoline in Dallas, without taxes, at today's price would cost $2.41 rather than $2.78.
The U.S. would have a far better opportunity to miss a deep and linger recession if the federal government would dramatically reduce the gasoline tax, states would follow their lead, and further, the prices of gasoline were federally regulated.
Everything would adjust positively: the price of oranges, cost of air travel, price of other goods and services that are someway intertwined with the price of fuel.
Here's a chart provided by the American Petroleum Institute:
Gasoline Taxes Assessed in 2002 (Source: American Petroleum Institute)
State | State | Other State | Total State | Total Federal & | |
Alabama | 16 | 5 | 21 | 39.4 |
|
Alaska | 8 |
| 8 | 26.4 |
|
Arizona | 18 | 1 | 19 | 37.4 |
|
Arkansas | 21.5 | 0.2 | 21.7 | 40.1 |
|
California | 18 | 14 | 32 | 50.4 |
|
Colorado | 22 |
| 22 | 40.4 |
|
Connecticut | 25 | 4.7 | 29.7 | 48.1 |
|
Delaware | 23 |
| 23 | 41.4 |
|
Dist. of Columbia | 20 |
| 20 | 38.4 |
|
Florida | 13.6 | 16 | 29.6 | 48 |
|
Georgia | 7.5 | 4.7 | 12.2 | 30.6 |
|
Hawaii | 16 | 19.1 | 35.1 | 53.5 |
|
Idaho | 25 |
| 25 | 43.4 |
|
Illinois | 19 | 11 | 30 | 48.4 |
|
Indiana | 15 | 3.1 | 18.1 | 36.5 |
|
Iowa | 20.1 | 1 | 21.1 | 39.5 |
|
Kansas | 23 | 1 | 24 | 42.4 |
|
Kentucky | 15 | 6.4 | 21.4 | 39.8 |
|
Louisiana | 20 |
| 20 | 38.4 |
|
Maine | 22 | 1.5 | 23.5 | 41.9 |
|
Maryland | 23.5 |
| 23.5 | 41.9 |
|
Massachusetts | 21 | 0.5 | 21.5 | 39.9 |
|
Michigan | 19 | 7.2 | 26.2 | 44.6 |
|
Minnesota | 20 |
| 20 | 38.4 |
|
Mississippi | 18 | 0.8 | 18.8 | 37.2 |
|
Missouri | 17 |
| 17 | 35.4 |
|
Montana | 27 | 0.8 | 27.8 | 46.2 |
|
Nebraska | 24.5 | 0.9 | 25.4 | 43.8 |
|
Nevada | 23 | 10.3 | 33.3 | 51.7 |
|
New Hampshire | 18 | 2.6 | 20.6 | 39 |
|
New Jersey | 10.5 | 4 | 14.5 | 32.9 |
|
New Mexico | 17 | 1 | 18 | 36.4 |
|
New York | 8 | 22.3 | 30.3 | 48.7 |
|
North Carolina | 22.1 | 0.3 | 22.4 | 40.8 |
|
North Dakota | 21 |
| 21 | 39.4 |
|
Ohio | 22 |
| 22 | 40.4 |
|
Oklahoma | 16 | 1 | 17 | 35.4 |
|
Oregon | 24 |
| 24 | 42.4 |
|
Pennsylvania | 12 | 14.7 | 26.7 | 45.1 |
|
Rhode Island | 27 | 4 | 31 | 49.4 |
|
South Carolina | 16 | 0.8 | 16.8 | 35.2 |
|
South Dakota | 22 | 2 | 24 | 42.4 |
|
Tennessee | 20 | 1.4 | 21.4 | 39.8 |
|
Texas | 20 |
| 20 | 38.4 |
|
Utah | 24.5 |
| 24.5 | 42.9 |
|
Vermont | 19 | 1 | 20 | 38.4 |
|
Virginia | 17.5 | 1.4 | 18.9 | 37.3 |
|
Washington | 23 |
| 23 | 41.4 |
|
West Virginia | 20.5 | 4.9 | 25.4 | 43.8 |
|
Wisconsin | 28.1 | 3 | 31.1 | 49.5 |
|
Wyoming | 13 | 1 | 14 | 32.4 |
|
U.S. Average | 17.9 | 5.7 | 23.6 | 42 |
|
Copyright 2008 - William S. Cherry
10 comments • BILL CHERRY • February 07 2008 09:31AMDALLAS UNIVERSITY PARK SALES STATISTICS - AUGUST 1, 2007 THRU JANUARY 31, 2008
9936 Windlake Circle
Dallas 75238
214 503-8563
UNIVERSITY PARK SALES
August 1, 2007 through January 31, 2008
Statistics Results
111 Single Family Dwellings Sold | ||||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market |
Min | 1551 | 2 | 2 | 0 | $463,900 | $485,400 | $182 | 0 |
Avg | 4109 | 4 | 3 | 0 | $1,395,918 | $1,354,687 | $329 | 73 |
Max | 9035 | 6 | 7 | 3 | $7,200,000 | $6,800,000 | $752 | 480 |
Statistics provided by Metrotex Board of Realtors MLS. Accuracy not guaranteed. |
0 comments • BILL CHERRY • February 06 2008 09:30PMMY TELEPHONE RANG AT WORLD HEADQUARTERS. I WISH YOU'D HAVE BEEN THERE TO SPEAK WITH THE WOMAN.
One recent evening I got a call from a woman. She didn't identify herself, but her question was where she could go to find out what houses were going to be foreclosed. I asked her if she thought hers was going to be one of them.
<<--BILL CHERRY REALTORS, WORLD HEADQUARTERS
"No, sir," she said, "I want to go buy a couple of them, fix them up and sell them." She went on to tell me that she had seen a program on TV about how easy it is to do that and get rich, and had bought the fellow's books and DVDs.
I asked her if she had read the material and listened to and watched the DVDs. "Sure have," she said.
I said, "After all of that instruction you didn't learn how the foreclosure process works and where to find out what will be auctioned and when?"
"No, sir."
"And did the instructor tell you that you would have to have cash or some other form of purchase funds acceptable to the trustee? And did the instructor tell you that you had to deliver those funds if and when you won the auction?"
"No, sir."
"So do you have, say $100,000 in your savings account that you can use to cement the purchase if you win the auction?
"No, sir."
So at that point I asked her to give me a few minutes to explain how the process works. Of course when I finished, she knew she had invested in a get rich course that was totally useless to her.
I want to know why these hucksters are allowed to make these claims? One of them who sells a real estate investment course has been dead for at least ten years, yet there he is on TV advertising his course...even promising that the purchasers get to personally ask him questions by telephone.
This is yet another lobbying project the National Association of Realtors could work toward getting stopped. It would be one more way they could work toward rebuilding the dwindling reputation of Realtors.
Copyright 2008 - William S. Cherry
15 comments • BILL CHERRY • February 05 2008 09:26PMHIGHLAND PARK SALES REPORT - AUGUST 1, 2007 THROUGH JANUARY 31, 2008
9936 WINDLAKE CIRCLE
DALLAS, TEXAS 75238
214 503-8563
HIGHLAND PARK RESIDENTIAL SALES REPORT
August 1, 2007 through January 31, 2008
| SLD - 66 Properties Found | ||||||||
Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market | |
| Min | 0 | 0 | 0 | 0 | $489,000 | $487,000 | $0 | 0 |
| Avg | 4127 | 3 | 3 | 0 | $1,927,932 | $1,883,092 | $456 | 82 |
| Max | 9019 | 6 | 7 | 3 | $6,995,000 | $6,995,000 | $945 | 431 |
The information for the above report was supplied by the Metrotex Association of Realtors' Multiple Listing Service. We assume accuracy, but make no warranties.
0 comments • BILL CHERRY • February 05 2008 11:29AMDALLAS LAKE HIGHLANDS SALES REPORT 10-1-07 THROUGH 1-31-08
9936 Windlake Dallas, Texas 75238 214 503-8563 AUGUST 1, 2007 THROUGH JANUARY 31, 2008 ACTUAL SALES REPORTED TO MLS LAKE HIGHLANDS ZIP CODE
| ||||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market |
Min | 1100 | 2 | 1 | 0 | $112,000 | $78,000 | $59 | 1 |
Avg | 2015 | 3 | 2 | 0 | $216,811 | $210,803 | $104 | 53 |
Max | 4702 | 7 | 4 | 2 | $499,000 | $499,000 | $170 | 259 |
Sales that were not handled by a member firm of the Metroplex Association of Realtors Multiple Listing Service are not included in these statistics. While I believe this report to be accurate, it was nevertheless prepared from that source which I did not audit or otherwise verify.
0 comments • BILL CHERRY • February 05 2008 11:17AMSTEPHEN SCHWARZMAN: A LESSON IN WORK ETHIC & ATTAINING SUCCESS
Today I want to recommend to you the biographical sketch of Stephen Schwarzman that was written for the February 5th edition of The New Yorker Magazine. It was written by James Stewart. You can read all eleven pages of it for no charge by clicking here. New Yorker Magazine
<<<----STEPHEN SCHWARZMAN
Mr. Schwarzman, who is rarely in the public eye, along with a partner, founded an investment firm called Blackstone. Blackstone invests money in somewhat exotic, but nevertheless, carefully selected and monitored securities. Mr. Schwarzman is apparently worth several billion dollars.
The primary reason I believe you should read Mr. Stewart's well-written and thought-out piece about Mr. Schwarzman is because it provides the formula for how to succeed. And while none of us who reads it may ever be able to accumulate huge wealth as a result of emulating Mr. Schwarzman's business ethics, nevertheless we will be able to eventually enjoy demonstratively more success and happiness if we do.
1 comment • BILL CHERRY • February 05 2008 08:37AMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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