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Persistence is a crucial trait in the real estate industry, particularly in commercial property dealings. The discussion highlights how many individuals fail to succeed due to a lack of perseverance, often settling into mediocrity. For instance, a notable individual in the conversation shared his experience of persistently pursuing a job opportunity at a leading real estate firm for several months, which ultimately secured him a position despite not having a university degree. This example underscores the notion that those who are driven and tenacious tend to achieve greater success and open doors to valuable opportunities.