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    “Birds of a feather… flock together” the old adage goes. Now a homeowner may ask what this saying has anything to do with hiring a realtor to list their propert
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    y for sale. Like any other industry, real estate has associated businesses and or partners that realtors consistently work with and this business association c
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    n mean all the difference between a great sales experience for a homeowner or a lousy one.

    In his famous book, Think and Grow Rich, Napoleon Hill identif
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    ies a principle often referred to as “The Master Mind Principle” whose basic premise proposes that the people a realtor works with creates a “coordination of
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    nowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.” In other words, you are likely to get better
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    results when a team of like-minded people are working towards the same objective with the same standard of quality or desire for success.

    Most people know that
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
    a realtor is an independent contractor, essentially, one who runs his or her own business and brings his or her own personal set of skills, experience and knowle
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    ge to the job. However, what is often not known is that when you hire a realtor you are essentially hiring a team. His or her job works as the gateway to other
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    eal estate related services in the transaction that can often streamline the whole selling process or make it turn into the proverbial nightmare.

    Top Producing
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    agents (a term used in the industry to identify highly successful agents) or those on the rise to being Top Producers, and/ or agents with minimum five years exp
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    rience usually develop relationships with highly productive affiliates as they need this type of optimal service in order to complete their own volume of work th
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    t will then satisfy their clients. These productive affiliates often solicit the Top Producer’s business which then creates a whole team of productive partners
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    and associates that will then make the real estate transaction run a whole lot smoother.

    Savvy realtors that are just beginning their careers usually develop re
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    ationships with like minded associates. Top producers will have established relationships with lenders, title reps, escrow companies, termite inspectors, title
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ompanies, marketing reps, attorneys, and other business professionals. When you hire a realtor, you essentially hire a team; the higher the quality of the realt
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    or and his associates, the more likely the seller will be happier with the outcome of their real estate transaction.

    Furthermore, each participant in this group
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    brings in their circle of influence, with their cumulative experience, intellect, knowledge and expertise which explains why some realtors who have been in the b
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    siness for a few years might outshine those that have been in the field for many years.

    A home seller should look for a professional realtor that has a record o
    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    f many years of consistently high production or one who is clearly on their way. Top Producers or highly effective and productive agents will have no qualms in
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    nswering questions by the seller regarding their sales ability. A seller should be wary of those that are reluctant to share this information and look elsewhere


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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