Whether you’re struggling to build a real estate career or focused on taking your team to the next level, step one is to understand the Economic Model laid out in pages 129-132 of the MREA.

The Economic Model is a formula that shows how your investments and performance in key areas of business work together to produce net income. Unlike other complicated methods, it makes a clear connection between your desired net income goal and the basic activities that will lead to that number. In short, it’s a simple formula for how your real estate business will make money.

It’s that simple.