Starting as a newly licensed agent at Marcus and millichap
Hello everyone. I was just recently licensed and wanted to start my career in commercial real estate. I have been meeting with a few places but I am considering joining Marcus and millichap. What should I expect for my first weeks or months on the job? What does a typical day look like? If anyone can help out I would greatly appreciate it.
[{"id": "hy5t3ib", "text": "You\u2019re going to make a 100 calls a day.", "replies": [{"id": "hy6cjdz", "text": "Minimum", "replies": [], "depth": 2}], "depth": 1}, {"id": "hy60tuv", "text": "Go through their application process, it gives you a good idea of the company and what their work day looks like.\n\nGet in touch with brokers in your area and desired market segment and ask them.\n\nI was offered the job but turned it dowm at the last minute, it is a really sink or swim environment, its very possible you won't make a sale until your 2nd year, especially if you don't have a professional network in your area. 100% commission structure, no base pay. If you want to succeed you really need to commit to it. Ask yourself what you would do today if you already have the RE license. They give you the training, credentials, the office space, and a phone. Then you make a ton of calls every day and make connections. or go broke burn out and quit.", "replies": [{"id": "hy619tz", "text": "Thanks. Did you go somewhere else instead?", "replies": [{"id": "hy62mj2", "text": "Long story short no I'm still interviewing. Part of it also was that I wanted to move to the city where that position was, but I would be alone in a new city with no guarantee of income, so too big of a leap for me at that time. If you can sustain yourself for 6-18 months financially and stay motivated you can suceed. I saw M&amp;M as top notch with their training and tools if you really commit. Great place to get experience and get your start. If you want more flexibility or some base pay you should try smaller boutique firms.", "replies": [], "depth": 3}], "depth": 2}, {"id": "hy62wni", "text": "I did business with them as a commercial real estate lender with a bank. Developed good relationships with their Finance guys. I can confirm what ChampionCharmander says. It's a sink or swim environment. Maybe a bit better if you can join an existing RE Sales team.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hy8wikf", "text": "M&amp;M has something called the SIP Program. It is a sales intern. You get $7.25/week and it\u2019s basically is supposed to ease you into the CRE; however they don\u2019t abide by their own programs and just throw you to the wolves and make you dial 100 numbers per day. They think they have a formula to get deals, but it\u2019s not that clear cut.", "replies": [], "depth": 1}]