Career in RE

1. Marry a rich guy who can support you while you engage in your real estate hobby.
2. Go with the big marquee firm like Corcoran. You'll need *their* name on which to build your career.
3. If you're successful and make a name for yourself, you can then break away and become the marquee agent at the boutique firm.

What do new listing or buyers' brokers make? 50% of 50% of 6% commission? 1.5% You have to sell a lot of dollars in a year to make $100k.

can we really call being a middleman a career?

1 hour ago
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can we really call being a middleman a career?

you mean like investment bankers are, you scumbag?

lol@gcondo

I think for a new broker its all about the chemistry and vibe you are getting from that firm. You really need to just go on the interviews, and work with the firm that is also in the area you want to work and go sit with them for a couple days. See what the office environment is like, see who will be training you. I've worked with big and small firms before I went out on my own and I found that it was all about my support and motivation when i started, and that all depends on the individuals you end up working with, not the firm. Also, Dont base it on splits when you start. Its all chemistry and ultimately if you are a real salesperson you will be successful at any firm, but i would chose the one that is doing the most in the area you want to specialize in. IE. dont join a boutique firm in tribeca if you plan on working upper east side. AND dont join a big firm because you think you will share their listings. Every agent has to get their own listings. I was shocked when i found out that the biggest firm i was working for wouldnt even give me an advantage when it came to showing their exclusives. I still had to contact the listing agent and make an appointment like any other outside firm would.

Remember its always a two way interview, they need you the same if not more than you need them.

yes whatever the middleman, you are still a middleman - not a career.

What defines a career?

you tell us, hfscomm1.

what defines your career?

how many posts does it take to change a lightbulb?

bad comedian <> career

perfect.

hfscomm1.

Props to angeloz for the best comment in this thread. Yes it's pretty shocking I agree, there's zero benefit in joining a "big" firm .. it's every man for himself and it's not like they will just hand you listings or buyers. I have a friend who's been at the "biggest" firm in the city for over 16 years and she's gotten an in-house referral only twice, and that's because she spoke Spanish. A random buyer who called the front desk.

What's worse are a ton of these firms also have hidden fees that pop out of no where, even the "big" firms. The small or "100%" split firms are even worse. They'll nickel and dime you for taking a bathroom break. No joke.