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Show : I l I : if - i 1 a v - n '" P ' V ? - . Bill Coleman, president of Coleman Land & Investment Company. Efficiency at Coleman Land pays off in year-end profits For the Coleman Land & Investment Invest-ment Company, 1984 apparently was a very good year. The year-end profits enabled the company to disperse $65,000 in bonuses to its agents and employees at its annual meeting held Jan. 28 and 29. President Bill Coleman commented comment-ed that both intensive sales efforts by the 18 agents and the unique structure of the company made the dividends possible. Unlike most real estate agencies, he said, Coleman Land works on an equity basis, in which each agent is responsible for his share of the operating expenses of the company. As a result, every staff member is concerned with efficiency so that expenses do not exceed the budget set at the beginning of the year. By the end of 1984, profits allowed Coleman Land to pay out individual bonus checks as high as $11,817. "Real estate sales were good last year," Coleman said. "In addition, we have an unusual system compared to normal real estate sales offices, and it works. With agent payouts averaging approximately 70 percent before any bonus payments, our year-end bonus is really frosting on the cake." The incentive to work hard and efficiently seems already to be paying off this year. According to Coleman, 22 percent of their 1985 budget was met in the first month of the year. W ith an annual payroll in excess of $1 million, Coleman said he felt that "Coleman Land & Investment Company is making a reasonably significant impact on the economy of Park City." |