Should I become a commercial or residential realtor?
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[{"id": "gr7gczh", "text": "I think it depends on what your goals are. It changes based on your market but residential deals are typically much smaller transactions and much more simple to perform meaning higher competition with other realtors. Commercial is more specialized, larger transactions and typically take much longer to close. If you are needing constant cash-flow I would recommend starting in residential but if you\u2019ve got some funds to keep you afloat commercial could be much more beneficial in the long term IMO.", "replies": [{"id": "gr7tbrf", "text": "Thank you. Which would you say requires more time per week to succeed? Do you think it would be possible to have a side hustle in CRE without completely ruining work-life balance?", "replies": [{"id": "grbm12j", "text": "Stop with the side hustle BS.  Its like being a librarian and managing a chain of 20 barnes and nobles.  Books.  That's literally (yay for me) the only interconnected thread.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gr7gjhq", "text": "Do you like your evenings and weekends free?  Don't so residential.\n\nLearning curve is flatter in resi, you'll make money quicker.  Commissions in resi are paid immediately, so you literally get paid quicker.  \n\nRelationships in commercial are long, often career-long.  While repeat and referral business is vital in residential, strong bonds, long term planning, patience with customers you flat out don't like but pay your bills.  The commercial side offers some stability though, but also has a LOT of cooks in the kitchen for larger deals.  Which requires patience.  On the commercial side you'lll be dealing with bigger numbers...so more analysts, underwriters, sharks to fend off, egos.  But at least most will be professional, with houses you'll deal with some straight up kooks.\n\nTotal random spiel, but there might be some advice in there.  I'm in commercial and couldn't be a residential broker if you put a gun to my head.  And have friends on the other side that think the same.", "replies": [{"id": "gr7t7ru", "text": "Thank you. Do you think it would be possible to run a side hustle as a CRE agent or are the hours just too long and demanding? \n\nI get the impression that residential is more flexible than commercial.", "replies": [{"id": "gr8u2y8", "text": "There's very rarely any cross pollination.  Ive never successfully closed a deal with a residential broker without having to do all of the work.  And a completely different skill set, contacts, work ethic, Etc.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gr7iz3p", "text": "In US commercial. More economics and finance cost approach, comparable. Residential is what many women enjoying showing homes, decorations stay active but get lower commission.  If you have no prior experience learn th ecommercial part first.   In our area Silicon Valley, CA a lot of commercial realtors also have CCIM and mba, A few have JD on their card meaning they can hadle legal issues especially in a sue savvy State. Good luck.", "replies": [{"id": "gr7sxfq", "text": "Thank you.", "replies": [], "depth": 2}], "depth": 1}]