How to pick the right brokerage when starting out? (based in NYC)
[removed]
[{"id": "it8a7so", "text": "Been in MF for 3 years now, Chi based so not super in tune with NY but if there\u2019s one person I\u2019d try to land with (if I ever moved cities) it\u2019d be Riney at M&amp;M. Can tell he\u2019s got great leadership and knowledge + a team that someone can grow in.\n\nTo me it makes no difference on big shop or boutique, you\u2019ve got to put the work in and you\u2019ll see results no matter where you go. I made the switch from big to boutique and have loved the change, clients don\u2019t care so much about name unless you get into the institutional space and even then they are open to convos with any team.", "replies": [], "depth": 1}, {"id": "it8age4", "text": "The real big difference between institutional CRE brokerages and smaller brokerages is the amount of experience you can get as a new agent. \n\nIn an institutional brokerage like CBRE, JLL, Cushman&amp;Wakewfield, etc. You'll be on the low rungs for a couple years at least before really doing anything real estate work (such as getting listings, touring with clients, etc). You'll mainly be stuck with grunt work (which you need to experience) like making lists, helping out with Broker's Opens, and all of the menial busy work.\n\nAt a smaller brokerage they may throw you right into the deep end. You get the experience things and make mistakes and learn along the way. You'll be making lists, cold calling, touring with clients, etc. All with the help of a senior or junior level agent at the brokerage. So you get to experience all that a full fledged real estate agent would.\n\nThe comparison is as simple as taking baby steps from the shallow end of the pool to the deep end with institutional brokerages vs getting tossed into the deep end while a senior agent holds a floaty to throw at you anytime you feel like you're drowning.\n\nI would choose the latter honestly. I joined a smaller brokerage and I don't regret it at all. I work with senior agents all the time and there isn't a second where I'm not learning something new that I can use on my next meeting or tour. I get to experience all the things without being hand held and babied for being \"new\" to the industry.\n\nHopefully this helps!", "replies": [{"id": "it8tir9", "text": "I'm exactly the same. Joined a small brokerage house, and your analogy is super accurate. Hahaha. Two months in, there was a group trip to a family wedding in Mexico and I was left to hold the fort down. Hahaha, there was daily phone calls, check-ins and an itinerary, but I was still the only one in the country doing brokerage work by myself. Highly doubt I would get that kind of experience at a large brokerage house.", "replies": [{"id": "it8to6a", "text": "Glad to see someone else agrees, I honestly appreciate how smaller firms do it compared to bigger ones.", "replies": [], "depth": 3}], "depth": 2}, {"id": "itb3y8d", "text": "You\u2019re right, but I will say that there are jobs at the institutional brokerages that throw you into the deep end as an associate where you are doing real estate work. Just super hard to find given that it\u2019s need based and oftentimes older brokers at those firms would rather have someone with experience join their team rather than someone fresh out of college.\n\nSource: got a job at an institutional brokerage where I started doing actual real estate work right away straight out of college", "replies": [], "depth": 2}], "depth": 1}, {"id": "it8p0k7", "text": "I'm at a small boutique agency and I love it, but I do wish I would have spent a few years at a big house first.   I feel like I would have been exposed to every aspect of the business in a shorter amount of time, and learned a lot about systems, procedures, etc.", "replies": [], "depth": 1}, {"id": "it90qdr", "text": "If you go multi family you don\u2019t need the big name. You are competing with cold calling factories full of young children.", "replies": [], "depth": 1}, {"id": "it96sfv", "text": "I work at a small [real estate brokerage](https://www.vvco.com/commercial-real-estate-agent-near-me/) and [property management group](https://www.vvco.com/commercial-property-management-services/). What I can say is what matters most is the agent you are working under is getting a high deal volume. If that is the case and you work hard, you'll be fine.", "replies": [], "depth": 1}]