Question on compensation
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[{"id": "ec82wf8", "text": "It takes 5 years to make any money in this business, that is how long it takes for people to remember your name and for the deals you worked on the first year to pan out. It really depends on your team. I have seen people make 75k a year starting out on a good team. I have also seen people make less than minimum wage. \n\nSee how many deals your team has done per month, what their commission is and what your stake would be to back in to an average wage. There is a reason so many brokers come from trust funds. If you need the money, you will chase short term deals over long term connections. ", "replies": [], "depth": 1}, {"id": "ec84cek", "text": "The only people paid worse than Architects are first year CRE brokers. Let that sink in for a minute. \n\nHowever unlike Architects if you stick it out and do well you can make really good money. ", "replies": [{"id": "ec84tqa", "text": "Uh, I know at least. Couple architects making really good money. \n\nMaybe it just takes awhile?", "replies": [{"id": "ec85clc", "text": "It does. And typically you need to be in an equity position for any real cash flow. Certainly nothing typically near what the CRE brokers or capital guys make. One reason I flipped over to the development side way back when. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ec8965j", "text": " Not necessarily relevant but I\u2019m a principal at a hedge fund base is 175k + 200%. Brokerage is a grindddddddddd ", "replies": [{"id": "ec8w2jz", "text": "Its more like, griiiiiiiiiiiiinnd. Where you accentuate the \"i\". You cannot accentuate a \"d\".  I think that's why you got down voted. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ec8y5y4", "text": "This is really just adding to everyone else, but here is the actual take-home breakdown for one of the best brokers I know in his first 3 years.\n\nYear 1: $500\n\nYear 2: $2,000\n\nYear 3: $125,000\n\n", "replies": [{"id": "ec997fq", "text": "500 lol.  I bet he earned it too. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ec99avi", "text": "Anecdotal, but for me:\n\nYear 1: **0**\n\nYear 2: $85,000\n\nYear 3: $135,000\n\nI\u2019m in year 3. ", "replies": [{"id": "eca0ufc", "text": "Is 85k for the second year normal or atleast somewhat achievable? Or even 55k? Reason I ask is because first year no pay is fine, but idk if I have the funds to do two whole years with zero pay. My mentor is a top broker if not the top broker in the area, and I work at the top company in my region by transactional volume behind cbre. I\u2019m more than willing to put in all the work and them some, and I\u2019m pretty personable, I just don\u2019t know if I can do two years with zilch. If i can make money my second year that would be clutch. ", "replies": [{"id": "eca1aji", "text": "I mean.. I did it.  So ya it\u2019s achievable.   I also had no choice or backup funds.  I spent every minute figuring out how to make money. ", "replies": [{"id": "eca1ya9", "text": "What do you do? And in what kind of building? ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]