Did any of you transition from residential brokerage to CRE? If so, what did your transition path look like?
What advice can you offer to residential brokers interested in transitioning into CRE?
[{"id": "i9pasnj", "text": "Not much carries over. Utilize your existing relationships with residential agents to be their go-to referral for any CRE leads. Don't try and do both, refer your residential leads back out.", "replies": [], "depth": 1}, {"id": "i9purwd", "text": "Anyone have advice for starting in commercial? I just got my license and have been heavily considering it.", "replies": [{"id": "i9tsoh5", "text": "Where are you located?  [CentennialAdvisers.com](https://CentennialAdvisers.com) has an 8-week training program that gets you up and running fast.  We have offices in Southern California and Las Vegas, Nevada. If you're interested give us a call or apply on Indeed. [https://www.indeed.com/cmp/Centennial-Advisers-1?from=mobviewjob&amp;tk=1g3rg1p1jjtee800&amp;fromjk=770217e2aa7b5717&amp;attributionid=mobvjcmp](https://www.indeed.com/cmp/Centennial-Advisers-1?from=mobviewjob&amp;tk=1g3rg1p1jjtee800&amp;fromjk=770217e2aa7b5717&amp;attributionid=mobvjcmp)\n\nThanks!  Michelle", "replies": [], "depth": 2}], "depth": 1}, {"id": "i9qdzn2", "text": "Different beasts, at some point you just gotta decide. Look only for CRE, network, get the proper education. Niche out and don\u2019t try and do both. It\u2019s kind of like starting over really. \n\nIf you have the relevant education you can try and land a job at a firm and build from ground up. If you\u2019re like me and landed strong clients from residential, it\u2019s tougher because the other brokers won\u2019t take you in as easily.", "replies": [], "depth": 1}, {"id": "i9qek6o", "text": "I made this transition and can tell you it is essentially a blank slate restart. There are very few things that carry over. I will tell you though it was the best decision I could have made for me. Any specific questions you have, ask away!", "replies": [{"id": "i9qra67", "text": "What made it the best decision for you?   \nIs it true that for CRE it's a 9-5? 5 days a week?", "replies": [{"id": "i9rzmlm", "text": "No. Starting out was 70+ hours a week for me. Now that I am more senior I am about 55-60. \n\nThe work that you could be doing is substantially more complex than residential.", "replies": [{"id": "iac1bqg", "text": "How did you you learn?\n\nAnd do you end up specializing in one type of property?", "replies": [{"id": "iakbzq5", "text": "I got my start as a runner on a larger team. I was working on property surveys, opening doors, cold calling, and then running with little BS deals. Most of it is on the job training as every deal is different with its own set of challenges.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i9qraaz", "text": "No.  My advice is to not start in residential if you want to be taken seriously in commercial.", "replies": [{"id": "i9ttlrw", "text": "Centennial Advisers is interested in experienced Realtors whether you started in residential or even if you are straight out of school.  We have a free 8-week training program and we coach our advisers throughout their careers with us.  We have 35 Advisers and we're growing fast.  Come check us out!  We are in So. Cal and Las Vegas, NV.", "replies": [{"id": "i9tusbk", "text": "I wish you guys the best.  I went in the website and it looks like all of the properties you guys are marketing for sale are fairly small at $1 million to $3 million.\n\nWhat kind of fee would you charge the seller for those?  How would that be split between the broker and the company?", "replies": [{"id": "i9u16sq", "text": "We have had listings from $1M to $60M.  The split depends on the experience of the adviser and number of listings. The most important thing is that we provide a TON of support, marketing, transaction coordination, database management and research so you can focus on selling and building relationships.  The best thing to do is to call for an appointment and just talk.  There is no pressure to join us.  We only want the people that want us so we are happy to answer any questions you have.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i9rn426", "text": "Different rant but Jesus I wish they\u2019d just make them different licenses already because only 20% of the material taught in licensing and CE is applicable to CRE. And I get tired educating resi brokers whom think it all works the same. It really doesn\u2019t. I don\u2019t list my own home. I wouldn\u2019t pretend to know how to market my own home, let alone be one of the best at it. It\u2019s utterly obnoxious having to give resi brokers an education when they\u2019re involved in a transaction and know so little.", "replies": [{"id": "i9rzqa7", "text": "So much this. It\u2019s like a commercial drivers license versus a regular drivers license.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i9tvwur", "text": "I don't know about others but we have a training program where we help both experienced and non-experienced people to transition from residential to commercial.  Look for someone who will train you.  You can also look for a transaction coordinator or research position so you can make money, learn a lot and then make the leap to a commissioned position.  Jumping straight into a commercial broker position you'll find we and most others are not going to pay you to learn so you'll have to have $$ to fall back on for 8 months or so.  If you're in so Cal let me know.", "replies": [{"id": "ia22tmd", "text": "Good approach outlined here. Thanks. In South Florida - let me know if you have any connections here (or want one)", "replies": [], "depth": 2}], "depth": 1}]