Commercial Real Estate Internship Sanity Check 
I was offered an unpaid internship by a local commercial real estate firm. Are most commercial real estate internships unpaid? 

This firm has done about $25mil/yr in sales, I assumed they'd have enough money to pay an intern. The opportunities I've applied to at some banks and consulting companies have all been paid spots.

The other thing is that the company retains only 14% of their interns for jobs, and the full time staff is 100% commission-based.

Is that pretty normal for the industry? 

The way it was explained to me is that I'd get a chance to do the research, walkthroughs, valuations and watch the pitches and the possibly get offered a spot to come on and get my lisc with the firm.

First year associates should expect 40-50k and reach 100k by 2nd or 3rd year.


Just looking to sanity check the stuff I was told in the interview.
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