FROM THE ARCHIVES: Allen Tate on his first sale and the best advice he ever received

I was out of town on vacation last week but was saddened to hear about the death of Allen Tate, the founder and chairman of residential real estate firm Allen Tate Co.

When I first heard the news, I thought immediately of a Q&A that I did with Tate back in 2010, when he was inducted into the N.C. Business Hall of Fame.

At the time, the residential real estate market was still reeling, and Tate, who could not have been nicer, talked about the advice he was giving his Realtors in that challenging…