I’m a seasoned broker willing to train newbies on their market, in my asset class.
Average deal size = $10 million.
Average commission = $200,000 pre-split.
I have a successful business plan and I’m eager to expand into other urban markets with it. If you’re new to brokerage and hungry, I’ll train you on your market. I’m part of of a national firm so you can work from anywhere. I’ll show you the ropes!
[{"id": "hzs9ixw", "text": "Do you have to be already licensed?", "replies": [{"id": "hzsk4rb", "text": "I\u2019d prefer it.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hzsa3sr", "text": "Hello, I am interested. What fees might be associated with learning from your insight?", "replies": [{"id": "hzsjt99", "text": "The catch? 1) I\u2019d like you to join my firm 2) we split fees on deals. Probably 20% of your gross. Most of the time I have no other cooperating broker so a lot of that stays with you. On assignments, the market dictates but if you use my money I\u2019d split any deals 50-50. My typical assignment is $100,000 fee. Oh and I pay about $650 month for all my research platforms so that\u2019s at your disposal as well, I can work buy side if you work local sellers.", "replies": [{"id": "hzsssvg", "text": "Hey I\u2019d appreciate anyone explaining the downvote. I\u2019m learning. Thanks!", "replies": [{"id": "hztesb4", "text": "It\u2019s Reddit. That\u2019s what Reddit do.", "replies": [], "depth": 4}], "depth": 3}, {"id": "i3funhl", "text": "That\u2019s a standard split, why would someone join you with a no name shop to get a mediocre split? What will they earn if they don\u2019t bring a deal to the table and just help you execute?", "replies": [{"id": "i3fwgps", "text": "Because I am the buyer or I am finding the buyer. I need help sourcing the sellers and I can pay above market rates with my model, I need hunters.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzsckor", "text": "Interested", "replies": [], "depth": 1}, {"id": "hzsewu1", "text": "I'm in the Boston area. Work with a close friend who does commercial development (apartments and free standing retail /w national/regional tenants). Looking to find best ways to steer him deals while growing business with network in the meantime.\n\nNeedless to say, interested as well as I'm hoping to find mentor to help maximize the opportunity.", "replies": [{"id": "hzuaa2c", "text": "I don't disagree but I don't have the capital. I'm trying to use the commissions I'd make feeding him business to get assets to be a part of it.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hzsjo4j", "text": "A guy was just posting that he\u2019s thinking of joining M&amp;M.", "replies": [{"id": "hzsktca", "text": "Yea, that kinda got me going about this. I really enjoy working with the younger guys and ladies and mentoring people. Obviously making money is fun too.  Look no offense to M&amp;M, CBRE, JLL, etc but if you\u2019re going to make 100 calls a day\u2026 you may as well get paid for it. Like really paid. I think they rely too heavily on their brand and they\u2019re just taking advantage of kids working them that hard and not paying them decent splits in the beginning. I think they\u2019re selling an image and that image is mostly bullshit.", "replies": [{"id": "hzsl8ys", "text": "Yup. Totally unreasonable firm to the new agents. I interviewed as a senior broker and not only did they tell me I would be starting as a junior but that I would no longer be able to work my book because they dont want me to leverage their brand to do off market deals. Totally fucked up to think a guy with a kid will go backwards like that\u2026.", "replies": [{"id": "hzsmzp8", "text": "Man, like 99% of my business is off market. Off market IS the market! Some of the things I hear from veteran national agents is stuff like, they won\u2019t let you buy deals in your own market because it\u2019s a conflict of interest? Hey, I\u2019m here to make money and build wealth. Imagine not being able to invest in the thing you\u2019re literally most knowledgeable about!?!? They won\u2019t touch deals under $250,000 in commissions. I had a discussion with a CBRE agent this week and he told me he is selling a property without listing it. Aka - \u201cWe\u2019re not splitting with cooperating brokers.\u201d Like wtf, at least put it on the market! For fuck sakes. Their clients have no idea how shady they are. Same agent is pushing a quick close on an open brownfield cause he wants to get paid sooner. You know what kind of discount a seller has to give to close an open brownfield? 50-70%! These companies are losing literally millions to brokers that are just incentivized by a quick sale. Proper advisement would have been telling them to take hard money and let the buyer put it in the brownfields program. Anyway\u2026 I could rant for days about this.", "replies": [{"id": "hzsn9bg", "text": "Exactly! So fucked up!", "replies": [], "depth": 5}, {"id": "hzsod3o", "text": "Last week I had a co broker send me an Loi on my deal and he insisted on 2% co broke fee even though I explicitly told him 1%\u2026 he then explained to me that he needed to kickback 1% to his exchange buyer\u2026.wtf\u2026 so I told him it didn\u2019t matter because the fee wouldn\u2019t be covered at that price so he told me to leave it at full price and he will just tell his buyer we weren\u2019t negotiable\u2026. Totally shocked\u2026.", "replies": [{"id": "hzstdnp", "text": "That just sounds like a bad broker. Or a jerk. \ud83e\udd37\u200d\u2642\ufe0f I\u2019m licensed in 2 states, rebates are legal in one of them and not the other.", "replies": [], "depth": 6}], "depth": 5}, {"id": "i3fudiz", "text": "What the fuck is a cooperating broker? I\u2019ve done a few B in deals and have never seen an institutional buy side broker.", "replies": [{"id": "i3fvs6a", "text": "If you\u2019re asking you probably work for a national firm because they won\u2019t do cooperating deals.", "replies": [{"id": "i3fxihj", "text": "Im on the buy side", "replies": [{"id": "i3fxspq", "text": "National, regional firm? You\u2019re right, institutional often won\u2019t use buy side brokers. They\u2019re capable of repping themselves.", "replies": [{"id": "i3fy9b7", "text": "Yup. I just work with the sell side broker on the transaction.", "replies": [], "depth": 9}], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "hzsuzyo", "text": "Oof. Fuck that", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzsjrxe", "text": "Big question- which asset class?!?", "replies": [{"id": "hzskczs", "text": "DM me!", "replies": [{"id": "hzu7n6w", "text": "Shame on you trying to push this weird revenue share scheme on Reddit trying to recruit agents so YOU can share in their earnings while wearing a thin veil acting as a \u201cmentor\u201d.\nYou got into the field a few years ago, you\u2019re not offering any unique insight, you\u2019re looking for underlings for a revenue share program - at least be honest.", "replies": [{"id": "hzu8re5", "text": "Sure let\u2019s be honest! What\u2019s great about eXp is that I can train people and I get residual earnings for a lifetime. It\u2019s just the same as if you joined and built your own team. There\u2019s nothing wrong with it. Now I\u2019m willing to share my specific knowledge and experience and show agents in other markets how to make a great living and yes, there\u2019s a catch, if I teach them, I\u2019d like to share in their success. I think the real scam here is getting a kid straight out of college to make 100 calls a day for a year and even if they helped close $10 million in deals get paid nothing!?!?! And that\u2019s fair? Gtfo haha. eXp Rev share is a solid model because I don\u2019t have to show kids in my own market how to compete with me. I can give them the model and let them apply it to their own market. No other firm can do that. But you don\u2019t have to believe me, I\u2019ll train someone here and let their success speak for itself.", "replies": [{"id": "hzu9q2e", "text": "There\u2019s your answer folks. This guy couldn\u2019t give a shit about your success &amp; is looking for permanent residual income just for throwing you on the squad. Sorry buddy you are painfully unaware, just because you train someone should never give you unilateral rights to their commissions for life. Using naive agents hunger to learn the business as a carrot on a stick\nwhile you enrich yourself is comical to me.", "replies": [{"id": "hzualie", "text": "Bud, if you stopped acting like you know everything you may learn something. eXp Rev share is a very small part of what I do. It\u2019s the same as building any team. I teach you, you work for me, you make a little money for me and a lot of money for yourself. I already outlined the splits I\u2019m looking for above. Like anything else, it\u2019s a trade off. I teach you how to make a $, you split with me. I\u2019ve had many brokers tell me a lifetime residual sounds great. They want it. But residuals are a very small part of my income. I sell real estate at the end of the day.", "replies": [{"id": "hzubw36", "text": "Aw cmon my man quit acting like you\u2019re doing this out of the goodness of your heart in the pursuit of helping other achieve the American dream. You are advertising a product and expecting a return. If you were making enough to be content, you wouldn\u2019t be on Reddit looking for kids to train and pilfer their splits hahah.", "replies": [{"id": "hzucodr", "text": "Dude, I can tell you have your doubts but DM me. Let\u2019s get on a call and get to know me. There\u2019s nothing nefarious here. You join literally ANY firm, you have to split with your team or senior broker. That\u2019s common across firms. And you are right! Anyone selling you mentorship isn\u2019t selling you a system or knowledge, they\u2019re selling themselves and your the product. BUT as I\u2019ve stated many times before, that\u2019s not what this is. I\u2019m not selling anything. I\u2019m giving advice hoping to find partners that do what I do in their own market, make money and split with me.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "hzwbl78", "text": "This reads like a total joke to anyone with experience in this industry. Why on earth would you have an issue stating the asset class you shmuck", "replies": [{"id": "hzwh4re", "text": "Because I don\u2019t want to advertise to all of Reddit how I make my money. That ok with you mom?", "replies": [{"id": "hzxlvg7", "text": "I just hope no one here is dumb enough to let you waste their time", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzsl96x", "text": "I\u2019m interested in this", "replies": [{"id": "hzsly9d", "text": "What geographic market are you in? DM me and let\u2019s talk!", "replies": [], "depth": 2}], "depth": 1}, {"id": "hzsmdm0", "text": "I'm in Florida and would love to connect!", "replies": [], "depth": 1}, {"id": "hzsojzc", "text": "I\u2019d be interested in talking further. I\u2019m mostly a residential agent but do have a good deal of experience with helping people investing in single family and multi-family and in the works to potentially help a client to purchase a hotel.\n\nI\u2019m in NE Florida.", "replies": [], "depth": 1}, {"id": "hzsqgdb", "text": "Interested", "replies": [], "depth": 1}, {"id": "hzsspvq", "text": "Just a quick ty. Mentoring is not something everyone takes to, and so often people are shoved into it. :)", "replies": [], "depth": 1}, {"id": "hzst916", "text": "Can I ask which firm?", "replies": [{"id": "hzsuho0", "text": "EXP Commercial", "replies": [{"id": "iqw2zt8", "text": "You lost me with eXp. I\u2019m with them now and it\u2019s a joke. Totally over promised / under delivered. I consider it my own mistake - my expectations were set too high.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzsuj8z", "text": "I\u2019m interested.", "replies": [], "depth": 1}, {"id": "hzt0ecs", "text": "I'm interested.", "replies": [], "depth": 1}, {"id": "hzt0v4r", "text": "Hi there. I am in the process of getting my r.e. license...can we chat further? I am near Charlotte", "replies": [{"id": "hzvnlz9", "text": "I moved from Charlotte. Most of my business is still in Charlotte but living/working in Denver CO now. Let\u2019s talk!", "replies": [{"id": "hzwheh8", "text": "Yay! And hey, I was born in Denver CO and grew up in Boulder.  Yes let's talk!! My name is Erikah Wolde-Georgis and my email is uniquecraftyitems@yahoo.com.  704 718 9866...but maybe text its u so I pick up. Suuuuuppppperrr happy to see your response and I look forward to chat!", "replies": [{"id": "hzwsln6", "text": "Oh that\u2019s funny", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzt4gh1", "text": "I'd be interested in having a mentor.  I just got my license and I'm not sure if I want to do commercial or residential. I've been in Facility Management for a couple of years so I know xommercial a little better.", "replies": [], "depth": 1}, {"id": "hzteg2w", "text": "Im super interested. Thanks", "replies": [], "depth": 1}, {"id": "hzu0hdx", "text": "I\u2019m interested. What state would I need to be licensed?", "replies": [{"id": "hzvnzny", "text": "I think my model is most applicable to fast growing sunbelt states. Florida, Texas, AZ, Carolinas, Nashville, Atlanta, etc. Needs to be urban though. No suburban or tertiary.", "replies": [{"id": "hzxfr3h", "text": "I\u2019m in Central Ohio, sitting right on top of the biggest development in Ohio\u2019s history - Intel is building 2-8 chip fabs here. I live 1 mile from the site and very familiar with the development changes coming. Billions of dollars will be spent and every piece of available land will change hands as 100\u2019s of companies flock to the area to follow.\nI wonder if your models would work here? I\u2019ve done mostly residential in my career but always had an interest in commercial, and living so close naturally finding myself getting involved in it.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzuox72", "text": "Depending on what market you\u2019re in I may be a buyer, that\u2019s the deal range I look at in certain markets.", "replies": [], "depth": 1}, {"id": "hzvl1mw", "text": "Let\u2019s cost seg all the properties!!", "replies": [{"id": "hzvpycx", "text": "I\u2019d rather not.", "replies": [{"id": "hzwd0hb", "text": "Sounds good, hopefully you have a good cost seg person on your team already so you\u2019re not paying more income tax than you need to.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hzvqlcl", "text": "I'm in the west Texas market", "replies": [], "depth": 1}, {"id": "hzvren4", "text": "I DM\u2019d you. Would love to hear more!", "replies": [], "depth": 1}, {"id": "hzvy49f", "text": "I\u2019m very k interested. I\u2019m in the Toronto area, canada", "replies": [{"id": "hzvzbqm", "text": "My wife is from Scarborough. Live in Colorado now. Let\u2019s talk! I DM\u2019d you.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hzw0yrx", "text": "lol", "replies": [], "depth": 1}, {"id": "hzwbr5b", "text": "What asset class? There is no good reason why you can\u2019t disclose that", "replies": [], "depth": 1}, {"id": "i3b451x", "text": "New Broker here! Interested in learning more", "replies": [], "depth": 1}, {"id": "i5btz1p", "text": "Interested", "replies": [], "depth": 1}]