Moving on: Life after real estate

When Todd Murphy started his non-commission-based brokerage firm in Birmingham, Ala., in early 2007, business was good. He quickly rose as the sixth-ranked listing agent in the metro area and was making a good living on his fees. But by November of that year, he realized the business wasn't going to make him the kind of money he would like to live on.

"There were a lot of people in the real estate industry and maybe I wasn't bright enough to make it through some of the tougher times," Murphy says.

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