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“The Economic Model describes the relationship between a series of activities and the specific outcome they produce” – p129 MREA
The Economic model is a foundational framework for real estate agents and team leaders, designed to provide a clear path to profitability by focusing on lead generation, conversion, and expense management. It’s not just about making sales; it’s about understanding the key drivers of your business income and strategically managing your finances to reach your financial goals.
Course Content
Understanding the MREA Economic Model
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The Four Core Components
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The Interconnected Ratios
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The Economic Model in Action
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Understanding the Econ Model
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