Thread: who has sold their business or 100% delegated it?
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Old 10-02-2006, 08:18 AM
tim tim is offline
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Location: Las Vegas, Laguna Beach
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when we sold ours we parted it out.
sold the urls, the databases, even the office stuff. We now split the COI/ PC referral between different agents. We are paid referral fees.
I hear stories about agents who sold for big money but, they seem to be just that...stories.
'real' businesses are valued based on their top line or bottom line earnings. A service business like real estate usually only sells for 1 times net. Meaning, what you netted after taxes per year. Thats basically what ours sold for...when all the pieces were added up from the individual parts.
You make money from the money you earn from selling real estate...not from selling real estate.
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