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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
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THE BATTALION Page 5
THURSDAY, FEBRUARY 3, 1977
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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
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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
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