Career Progression as a CRE agent - What are some of the options for a CRE agent down the road in their career?
I am just about to embark my career in CRE after 7 years of working in commercial construction management (degree in Civil Engineer, licensed P.E). Just wondering what is the career progression is like for someone who works in CRE as an agent? Few things I can think of is, doing really well as an agent and start owning your own team or have your brokerage firm - and is it easy to break into maybe capital acquisition, asset management etc?
[{"id": "iac3n06", "text": "I would think with your background development or redevelopment would be a logical career path.  There are so many paths you can take, syndication, dominant broker, owner/developer, fee developer, asset management, etc.", "replies": [{"id": "iachdjd", "text": "Thanks! That makes sense.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iach3pa", "text": "Retirement", "replies": [], "depth": 1}, {"id": "iadi877", "text": "Exit into corporate real estate or development.", "replies": [], "depth": 1}, {"id": "iaefxq6", "text": "Brokerage- you can be a jack of all trades or you can specialize. Pick a product type (industrial, multi family, office, retail) and a territory. Then you can choose between tenant rep, landlord rep, investment sales, and land acquisition. Tenant rep brokers help clients buy or lease real estate for their business. You can represent smaller, more entreuprenuial companies, or large Fortune 500 companies, on these transactions. Landlords reps help landlords find tenants and negotiate deals. Investment brokers work with investors to buy/sell properties. And land brokers find land, sell the land to a developer, help design a building for the land, and then sell/lease the building.", "replies": [{"id": "iafe65v", "text": "Which is the most lucrative?", "replies": [{"id": "iafh2me", "text": "Every avenue can be. I\u2019d say development or REPE are the most lucrative. However the hardest to break into.", "replies": [], "depth": 3}, {"id": "iaktjwj", "text": "I\u2019d say investment or development. If you think about it, these clients have the big money.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]