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Sales Transactions
-- A Measure of Productivity
A Closed
Sale: The Ultimate Objective of Buyer,
Seller, Listing & Selling Broker
How efficient, and how productive is an
agent, a broker or an office in closing sales?
There's a standard
measurement used to answer this question.
It's
defined as Transaction Units. Here's how it
works . . .
Every
closed sale has 2 aspects to it: the
listing side and the selling side. When
a property closes it is presumed the
listing agent was successful in presenting the property to both buyers and
agents alike. By virtue of the deal
closing the listing agent gets recognized for his or her effort . . . and is
awarded a "transaction side".
Similarly,
the selling agent, having found a willing, ready and able buyer, is also given a
transaction side. Thus for every
sale there are 2 sides - and typically the listing agent gets a side and the
selling agent (or buyers broker) gets a side.
But if the listing agent finds the buyer and brings the contract to
closing, the listing agent gets "both sides of the deal" and thus 2
sides.
The number of
transaction sides, then, is a measurement of
successful activity.
Having
many sides is to infer a higher level
of competence, experience, perseverance, management ability, networking
-- and just plain hard work
and attention to detail --
as opposed to an agent or office
with fewer sides.
Click
to see how leading real estate
offices in Martin County compare!