What would be an average years income as a commercial broker in a large city (strong real estate economy, over 1.3 million people in the area)
I've read a lot about commercial real estate brokers as I aim to become one. I've realized when you get hired by a company you basically work for yourself, but I'm wondering do the companies usually provide benefits like health care?

I've also be told your first year or two as a broker you'll probably make less than 20k, but by your 5th year if you survive you should make over 100k? Is this somewhat true?

Thanks
[{"id": "dt1ewh6", "text": "You will usually get all the benefits that major corporations provide for salaried positions, but as you know, being a broker isn\u2019t a salaried position. \n\n\nHow much you\u2019ll net has so many factors that you can\u2019t really estimate. It depends on how big your team is, what type of property you broker, what % your company takes from you, how many deals you do a year, what the state of the economy is, etc. \n\n\nSome brokers make anywhere from 50k-100k, some make 100k-500k and extremely successful brokers make upwards of 1-3MM a year. \n\n\nOne thing for fact: your first few years (just like you said), you won\u2019t be making a lot of money. You\u2019ll probably be doing work for other brokers until you build your own clientele and start your own team. ", "replies": [], "depth": 1}, {"id": "dt220m8", "text": "Probably no health benefits as you'll likely be 1099.\n\nIncome depends on so many factors. When you first start out you'll make nothing or almost nothing for 12-18 months. Depending on whether you're in land, investment sales, leasing, etc will determine income, so will whether you work for a big firm on a team, try to go about it on your own, etc. Let's say you decide to go in to investment sales and you jump right in by yourself with a small firm. You'll likely fail. If you plan ahead of time what you want to do and partner with a successful senior broker to get on your feet you have a much better chance. The answer to the income question is it'll take 12-18 months to do your first deal then you should be doubling your income for the first 3-5 years. After that to keep growing income you'll need to build a team. ", "replies": [], "depth": 1}]