Joining a brokerage now
With everything going on and me being recently laid off, are properties still trading hands right now? Could a new broker gain some traction in this market?

I think not but I still see guys posting ads for positions just last week.
[{"id": "fo5emnc", "text": "Try keller wms for the great training. If you have the savings and aggressive you should be able to get it going after 3 month and do well at the end of year. If you are the lay back type the career is not meant for you.", "replies": [{"id": "fo5og7w", "text": "I can see what catches peoples eyes on KW. I tried, but in the end, it wasn't my atmosphere, and I swear the training was so vague and general, I was very upset. I started using online coaches, pod casts , and successful agents from youtube. But everything that you learn doesn't prepare you for an airborne virus that kills the broker, client and business", "replies": [{"id": "fo5upsp", "text": "Any go to\u2019s that you recommend?", "replies": [{"id": "fo75bhn", "text": "Im in residential sales and investments. I buy leads, but I get mine from a source that qualifies the customer before I take the referral. You dont want to buy dead end leads", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fo5eycg", "text": "I work at a large, national brokerage that just hired five new agents last week. You have to be creative and work harder, but deals are still getting done.", "replies": [{"id": "fo5o2wv", "text": "Most of all stand out, think outside the box, and be grateful for whoever you get. I live in a hot Market that has gone stale 400 homes taken off the market this month, times are changing. I take every transaction as if my life depended on it ( it does ) Im not greedy, and I'm not flashy.", "replies": [], "depth": 2}, {"id": "fonf7oc", "text": "Brokers are more valuable than ever right now to Tenants and Landlords", "replies": [], "depth": 2}], "depth": 1}, {"id": "fo5f7l4", "text": "What kind of deals have you all seen get done? Leases, sales, etc", "replies": [{"id": "fo5itng", "text": "Right now - just NNN blue chips but it\u2019s slowly getting back to normal for everything else (maybe not hospitality). There is a small gap between seller and buyer expectations but as lending comes back, transactions will happen.", "replies": [{"id": "fo5ja28", "text": "So capital markets are still lending?", "replies": [{"id": "fo5k0qi", "text": "Banks are issuing term sheets for existing clients and private debt has been active as well. Most are busy with PPP but good relationships help strong buyers. \n\nBuyers are asking for longer DD periods because of the uncertainty and cash is king. Most sellers have liquidity and I have not heard of much \u201cfiresale\u201d activity but it could come as tenants default on leases. \n\nThe world will keep spinning and our governor feels like it\u2019s safe to go bowing. This makes me confident everything will get back to \u201cnormal\u201d by the summer. \n\nIt\u2019s not 2008, which was a bank-driven crisis. They will be back lending as soon as it\u2019s safe.", "replies": [], "depth": 4}, {"id": "fo8wxhx", "text": "Commercial financing broker here, and ran a survey with hundreds of lenders this past week.\n\n1. Only about 1% of lenders right now will touch hospitality.\n2. About 60-70% of lenders are pencils down on Retail until they get more clarity around the economic recovery from COVID.\n3. Majority of lenders have lowered their max leverage, implemented new pricing guidance, or both.\n4. Many lenders have increased their borrower liquidity and/or cash reserve requirements.\n\nSo, yeah, originations can happen, but it's more conservative and flight to strong deals/borrowers.", "replies": [{"id": "fo963nw", "text": "And that makes sense. What type of institutions you see lending (bank, lifeco, etc.)", "replies": [{"id": "fodiaia", "text": "CMBS is out. Agencies (Fannie, Freddie, HUD) are supported by the feds, and are still pumping out volume, but with stricter underwriting. Some banks and credit unions are on, some are off. Mortgage REITs have mostly bit the dust, but directly capitalized private lenders are looking for opportunities. Life Cos are cautious.", "replies": [{"id": "forpa0g", "text": "If you had the choice now to be on the debt side vs being on the property side in brokerage which would you choose?", "replies": [{"id": "fors61r", "text": "The answer is definitely debt for me, but that's the market I'm already in. Would be interesting to hear from people that have done both what they would do if starting out now.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fo5insn", "text": "Absolutely - there will be a ton of transactions, you just need to cold call incessantly and make succeeding in this business your primary focus. \n\nI started a brokerage in Atlanta two months ago and have several investment sales listings already. Hired three new agents this week, they are all eager to start hustling. They will all be successful if they focus and work hard. \n\nStart cold calling now and you will see results in 30 days. You will either love this business or will quickly burn out. Best of luck and dm me if you ever have a question.", "replies": [], "depth": 1}, {"id": "fo77xn9", "text": "Just to clarify I'm talking commercial. \n\nI don't get into residential stuff", "replies": [], "depth": 1}]