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New Program Seeks to Halt Alarming National Trend at Denver's Doorstep: 13 of 14 Real Estate Agents Fail, Leave Industry Within Just Two Years

Frontier GMAC Real Estate Pays Recruits' Costs to Become Realtors, As Well as More Than $7,000 in Additional Training, Mentoring, Coursework and Computers

Denver, Colo. (Oct. 12, 2005) - Faced with the seldom mentioned - but alarming - statistic that 13 out of every 14 real estate agents nationwide fail and leave the business within just two years after entering it with high hopes, Denver-based Frontier GMAC Real Estate today announced an innovative training program designed to ensure the success and staying power of every new real estate professional the company hires.

Frontier's two-pronged approach to preparing new agents for the long haul is simple - and it doesn't cost agents a penny for the pre-licensing real estate school tuition and the extensive training. First, the company pays for qualified candidates to obtain a Colorado real estate license, and then goes one-step further by providing extensive training and assistance through a proprietary and copyrighted "Journey to Mastery™" program the company has contracted to offer. Designed specifically to teach agents proven business skills used by top-producing agents, the $7,000 training program is provided free to qualified candidates seeking a full-time career in residential real estate sales with Frontier GMAC Real Estate.

"The past few years have ushered in the most productive and profitable period ever in the history of the real estate industry," said Doug Yeaman, creator of the "Journey to Mastery" program, who along with longtime Denver real estate veteran Scott Webber, bring six decades of real estate industry experience to their roles as consultants to Frontier GMAC Real Estate. "But what most people don't realize is that, despite the industry's success, the overwhelming majority of people entering the real estate profession fail," Yeaman said.

"Real estate's black eye is its turnover rate that no one wants to talk about," Yeaman said. "The facts-supported by the numerous surveys I've conducted over the years-speak for themselves: fully 13 of 14 new real estate agents will no longer be actively selling real estate after two years."

Frontier GMAC Real Estate's program not only helps to remove the professional and financial risks from becoming a real estate agent, it provides the tools, training and mentoring vital to ensuring a successful career in the industry.

The "Journey to Mastery" program supports new agents in every aspect of their business. "The program has a 60 percent success ratio, which is 800 percent better than the industry standard," according to Frontier GMAC Real Estate co-owner Keith Brown. "Our agents know exactly what to do from day one and have a strategic map for success. They can rest assured they will be trained under the best program in the country."

People considering a new career or transitioning to a position in real estate can receive additional information by contacting Frontier GMAC Real Estate, 303/792-2500 or by visiting http://www.fgmac.com/company.cfm?ID=4251.

"Most people who enter the real estate field have no prior sales or marketing experience," said Joel Moritz, co-owner of Frontier GMAC Real Estate. "Our goal is to provide the best training and support to not only ensure their success, but also provide home buyers and sellers with the highest level of service available."

Frontier GMAC Real Estate is a home services company offering a comprehensive range of programs and services, including residential real estate, relocation and REO services, with supportive divisions in mortgages, title, insurance and home warranty products. The company is located at 10303 East Dry Creek Road, Suite 100, Englewood, Colorado. For additional information visit www.FrontierGMACRealEstate.com.