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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Feb. 3, 1977)
is if ^ f a ter - level survey begun in Panhandle iibbock (UPI) — A 15-county The study indicates the dropping ) e y of underground water was re- level of the Ogallala aquifer, an un ify undertaken arid the results derground eservoir. The aquifer, eiSrnrargerTthe which is beneath much of the Panhandle, loses about two feet of water per year. lg his J Frank Rayner, manager i“. > Pl“" s Underground Water icU, District No. 1. erminti cientfi; I want 'ouproi express ■ of hm ngthe our el with ot Get-rich-quick stories cause a misconception THE BATTALION Page 5 THURSDAY, FEBRUARY 3, 1977 guess what? St lave and will iog acce single vardedi 1 ib ns ses en-weel; summer : mid-jit rate, Id” uth. Di / will ler Ah erns will ipring c J Amen; The decor at 3-C might cause some ques ts _ but no question, the Bar-B-Q, Chicken Fried Steak or Catfish with all the trimmings is the greatest at 3-C CORRAL 1808 BARAK LANE — JUST EAST OF 29th ST. Stories of fortunes made over night in real estate have created a general misconception of how much brokers and salesmen really earn, says a Texas A&M University re searcher. Dr. Arthur Wright of the Texas Real Estate Research Center (TRERC) emphasizes the wide spread belief that the majority of real estate licensees make tremen dously large incomes is unfounded. “While stories of those earning $30-40,000 in real estate in a very short time are usually true, he adds, “the fact is many brokers and salesmen receive rather small com pensation for the time they work. Dr. Wright admits data on in comes of real estate professionals is skimpy at best. The picture is clouded by many with second in comes, those working only part time and licensees who are not engaged in active selling. The TRERC researcher points out that movies, books, magazines and the news media have helped substantiate the public s belief real estate professionals reap large mis sions for a little work, when in fact the opposite is usually true. “Real estate professionals are like any other group. There are those who have worked hard to get ahead,” Dr. Wright said. “A few make $100,000 per year. A few make $1,000 per year, the majority is somewhere between these ex tremes.” Wright analyzed two of Texas’ Texas A&M University DIRECTORY $2.50 i9i Available at — Student Publications Office 7 study ii awarded nic acfc in pur* areer ill received irmatiom Coleman ml Dired aining I inistratii y, Alaba ration is i last fall' enroll® r the spr nuluateu rllege Ste :es repre» day, I nt semesti 216 Reed McDonald Bldg. s Texas A&M Bookstore University Bookstore AINJ VjsEi s<** >° e * A>V IP ATE ducts o0 o^> ■ c, ^co^ 0 \o' ■ SO' >\N' ,OX' ax’' 1403 University Dr. 846-5764 standard metropolitan statistical areas and found the average broker’s office has an annual gross commission of slightly less than $21,000. He notes many of these are one-man operations with low over head. “In most cities, a few firms do more than a proportional share of the total business,” he says. “About 20 per cent of the firms do at least 75 per cent of the business. ” Dr. Wright’s figures for the studied areas indicate the top 20 per cent are averaging more than $77,000 in annual gross income while the remaining 80 per cent have an average gross brokerage commission of only $6,600 per of fice. A comparable analysis for sales men indicated the average income in the studied areas to be slightly less than $5,100. However, Dr. Wright adds that because diverse operations are common in real es tate, averages must be viewed ac cordingly. Many individuals work and earn incomes from other areas of real estate, such as appraisal and property management, and do not rely solely on selliing. The TRERC researcher estimates the top 20 per cent of salesmen to have an average gross annual in come of just over $19,000 while the remainder earned only $1,600 in annual commissions. As far a s residential real estate in Texas is concerned, business is still good, Dr. Wright said. The number of licensed brokers and salesmen approximately 89,300 in September continues to set records. During the four quarters ending in August, the Multiple Listing Services (MLS) in the 26 major Texas cities sold some 72,300 single-family homes at an average price of slightly more than $34,700. Sun Theatres 333 University , 846-9808 Super-Grody Movies Double-Feature Every Week Special Midnight Shows Friday & Saturday S2 per person No one> under 18 Escorted Ladies Free $2 With This Ad 0 BOOK STORE & 25c PEEP SHOWS A LITTLE BIRD TOLD ME . .. PEACE CORPS/VISTA IS COMING ON CAMPUS: Feb. 7 & 8 INTERVIEWS: Placement Office, 10th FI. Rudder Tower INFORMATION: Student Center Luncheon Specials Monday — Saturday ‘WV 11 a.m.-2:30 p.m. Chopped Beef Steak $1.29 Chicken-Fried Steak 99c 0x2^ Southern-Fried Fish $1.49 Steaks & Seafood Served with Baked Potato or French Fries and Texas Toast Serving Choice Steaks & Select Seafood at Budget Prices 317 College Ave. 846-8741 1/5 carat diamond mounted in your ring. 1 /8 carat diamond mounted in your ring $110. $60. AGGIE RING DIAMOND SPECIAL Three-Day Setting Service Special good through February Carl Bussells Iamond Room 3732 E. 29th Town & Country Center 846-4708 Big Results! CLASSIFIED ADS! QUALITY WITHOUT SACRIFICE Technics by Panasonic RS-671AUS CASSETTE DECK 2-Motor, 2-Head Vertical Stereo Cassette Deck with Dolby. HPF® head. Soft-touch pushbutton controls. Front-loading design. Separate bias and EQ selectors. Memory rewind. Peak check VU meters. Ganged record level con trols. Mic inputs with level controls. Electro-magnetic Auto-Stop. Muting circuitry. Real wood cabinet sides with simulated wood top. Wow and flut ter: 0.075% (WRMS), Frequency Response: CrOz tape; 30-17,000 Hz, Signal- to-Noise Ratio: Dolby NR in; 60dB (above 5 kHz) Reg. $ 399 95 SALE $ 298 RS-263US Stereo Cassette Deck with Dolby Noise Reduction System. Peak check switch. CrOz/Normal tape selector. Memory re wind lets you choose any pre-determined point for immediate playback. Mechanical pause control. 3-digit tape counter. 2 large VU meters. 2 slide input/output level con trols. Auto-Stop. Lighted indicator for CrOz tape. Headphone jack. With 2 con nection cords. Wow & Flutter: $.15% (WRMS), Frequency Response: 30-14,000 Hz, Signal-to-Noise Ratio: 57 dB Reg. $199.95 SALE $ 175 RS-630US Front-Loading Stereo Cassette Deck with Dolby. Extra large peak check VU meters. CrOz/Normal tape selector. Dual output level controls. Super Alloy Head. Mic/line input selector. Lockable pause control. Auto-Stop mechanism. Slide-A-Side door cassette compartment. Recording level con trols and indicator. 3-Digit tape counter. Wow & Flutter: 0.09% (WRMS), Signal- to-Noise Ratio: 63 dB, Frequency Re sponse: 30-16,000 Hz Reg. $249.95 SALE $ 219 RS-677US 2-Motor, 2-Head Vertical Stereo Cassette Deck with Dolby. Full Dolby including FM calibration. HPF 11 ® head. Feather-Touch solenoid controls. Remote control unit in cluded. Front-loading design. Memory play. Microphone mixing. Peak check VU meters. Automatic CrOz/Normal tape selec tor. Photoelectronic-eye Auto-Stop. Real wood cabinet sides with simulated wood top. Wow and Flutter: 0.07% (WRMS), Frequency Response: 30-17,000 Hz, Signal-to-Noise Ratio: 65 dB Reg. $499.95 SALE $ 425 WCRG TH€ PROFGSqOMLS WHOCdRe STUDENTS AND FACULTY Sound Center will pay the sales tax on all systems! 3820 TEXAS AVENUE (Across from Burger King) 846-3517 Member Society of Audio Consultants bankAmericard ///>✓✓*//// // //'