Brokerage Coordinator position
Wanted to see if anyone had any experience being a brokerage coordinator for a larger commercial real estate firm. If so, would you recommend the position for someone starting out and eventually wanting to become a broker/salesperson?
[{"id": "fji0eg5", "text": "Not a helpful comment but I would also like to know about this. The main attraction for me, to which you might relate, is the fact that it is salaried and not commission based. The thought of waiting until my first close for any type of money whatsoever is frightening", "replies": [], "depth": 1}, {"id": "fji0qja", "text": "Absolutely. I have 2 friends who started out this way. It is a good way to get a salary while still learning the business and working directly working with brokers. Typically you will be responsible for sending/requesting documents for the brokers/clients and coordinating meetings etc... Typically stay there for 1-3 years.", "replies": [], "depth": 1}, {"id": "fji2y4q", "text": "depends. some teams would see this as an admin role for life, others would see it as someone they could groom to become a broker. This is a question you need to ask in the very first interview. \"I want to be clear with you guys in that my goal is to eventually become a broker. Is this a role a realistic path to that?\"\n\nIt would suck to take this job and then find out a year later they have no plans of letting you be a broker. I recommend looking for a broker role right of the bat if thats an option.", "replies": [], "depth": 1}, {"id": "fjikwu2", "text": "Look out also for Transaction Coordinator or Transaction Management positions. It is more client facing and less back office admin responsibilities such as booking Brokers\u2019 travel or expenses. It focuses on due diligence / escrow management and it would be a better opportunity for you to learn the deal cycle and get to know the key players - Sellers, Buyers, Lenders, Appraisers, Engineers. It also will expose you to \u201cfire drills\u201d or problems that arise during a transaction as you will see first hand how Brokers work through them. You will also be exposed to contract negotiations on the front end as well.", "replies": [], "depth": 1}]