Marcus and Millichap - CRE Investment sales agent
Currently about to graduate and trying to break in to the world of CRE. Looking at Marcus and Millichap website there seems to be a Cre investment sales agent job in every city.

Can someone shed some light on this job?

Is this a commission only job, or are you paid salary?

Being a new graduate I would like to earn a salary for my first year or so. Any advice on where else I should look, and what else I should look for?
[{"id": "dqvsh8p", "text": "Investment sales is going to be commision only 95% of the time", "replies": [{"id": "dqvt0yw", "text": "Ok. Any tips on where I should be looking for analyst roles?", "replies": [{"id": "dqx57pc", "text": "If you don't want to be on commission, you want to be on the buy side of the equation. These are the pro-forma monkeys at the capital shops. \n", "replies": [{"id": "dqyiw26", "text": "Do you have any experience getting these roles, or any light you can shed on them?", "replies": [{"id": "dqymdw2", "text": "Careful what you wish for there dude. \nMarcus &amp; Millichap is a boiler room type job, where they take 100 dumb young kids, kick them in the teeth for a year and then you get one really good broker. Some of the best guys come from there, since they know how to work hard and not let people push you around. \n\nThe real estate analysts are just that. They are guys who know spreadsheets and have some kind of background in real estate. I would intern at some real estate consulting group, a real estate investment shop, or a brokerage. You want to be in a big city, I get about 10 of these jobs in my inbox every day. People will literally hire anyone right now, the market is HOT. Unless it is in retail, fuck those guys. \n\nSo which one you looking for? The commission job or the desk job?  ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "dqxqcgz", "text": "your university careers center, networking, linkedin, career section for companies etc....dont be afraid to shoot out emails and pick up the phone to introduce yourself and see if they have anything available. also reach out to alumni", "replies": [{"id": "dqyiwh6", "text": "Good advice!! Thank you!\n", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dqvt3r6", "text": "I\u2019m the president of an multi family investment firm and we offer draw plus commission and once you have tenure, profit sharing. What market are you in?", "replies": [{"id": "dqvt8u4", "text": "I\u2019m in the Midwest market!! Where are you located?", "replies": [{"id": "dqvtapr", "text": "Mid Atlantic specializing in MD, DC, and VA. My advise is to try for a top 3 form even if you are an intern. They get deals handed to them. ", "replies": [{"id": "dqvtkuh", "text": "Top 3 firm as investment sales agent? Even when starting out will I make Money? Or will it be a drought and burnout as everyone speaks of?", "replies": [{"id": "dqvtpvw", "text": "Yes as an investment sales agent. You will not make money right away but when you do it will be amazing. If you can land a job w them figure out how to survive....it will be worth it. Some of them offer small monthly like $1,500 to $2,500 until you can earn on your own. The process can take 6 months to 5 years depending if you know the people and products in your sub market. #justdoit", "replies": [{"id": "dqvtvhz", "text": "Ok thank you. Last question. Will my application be discriminated against if I apply to these positions out of state?", "replies": [{"id": "dqvtzgl", "text": "No, just include a cover letter with each application. Explain your plan. Do whatever it takes.  Try to get a face to face. Follow up. Be tenacious not annoying. Show them you care while maintaining professionalism. ", "replies": [{"id": "dqvuwud", "text": "Top three being cbre, jll, c&amp;w/Marcus Millichap?", "replies": [{"id": "dqw0l3p", "text": "Marcus is usually considered way below the rest. Also look at HFF and Eastdil Secured, the most glitzy guys, but good luck unless you have an in. \n\nI\u2019m in Chicago, on an apartment/transit oriented development team. PM me if you want to talk more, I was in your shoes not too long ago and would be happy to connect and answer questions. ", "replies": [{"id": "dqwijaq", "text": "Pm sent!!", "replies": [], "depth": 10}], "depth": 9}, {"id": "dqw48m9", "text": "there's Colliers,and avison young as well", "replies": [{"id": "dqwijyg", "text": "Never heard of avison! I will check them out!!", "replies": [{"id": "dqwoayr", "text": "They're pretty new and small", "replies": [], "depth": 11}], "depth": 10}], "depth": 9}], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dqwkief", "text": "Here is a dire warning for you!\n\nMy best friend got a job there because they were #1 in MF sales in my city.  Keep in mind that any CRE sales position has an extremely long cycle for new clients, at least 4 months to a year to find a new client, list a property, and sell it.  And that's in a good market.  \n\nMy friend joined for a commission only \"sales\" position where he cold called all day for two weeks.  Week 3 they say, \"hey, you haven't made a deal yet so you need start paying a desk fee (which was over $75/month)\".  Huh?  I called 2,000 people for you.  It's not like people are going to say \"hey, you want to list my $10M apartment building? SURE!\".  This isn't residential real estate...\n\nBy week 7 he was literally borrowing money from his parents to pay for his desk fee at the firm and living expenses.  He was bringing in zero money and wasn't going to be for the foreseeable future.  After weeks of time and thousands of cold calls, and a few in person meetings, he was put in a position where he needed to leave the company to put food on the table.\n\nAt the end of the day it pretty much seemed like a scheme to put out a bunch of feeler calls.  \nIf anyone he spoke with calls back in the future the it will go right to his formerly senior broker who will surely keep the commission.  \n\nLong story short.  M&amp;M is a shady organization.  You are unlikely to bring in a single dollar for at least 8 months and expect to spend money to keep yourself going.  If you want to be in the business make sure you are working for a broker you can trust on a small and intimate team.  If you are new you will need a lot of guidance and a good mentor.  If you are making cold calls all day don't expect to learn anything about this business without that mentor.\n\nJust because they are \"top in the city\" in sales doesn't mean there is an opportunity for you.", "replies": [{"id": "dqwocfb", "text": "Minus the desk fee thing, what you've described is the life of most recent grads who try their hands at being commercial brokers in big markets. Theyll hire 100 analysts every year to cold call away. Most of them are gone within a year or two because they won't end up closing a single deal. Won't matter, because they'll just hire another analyst class, rinse, and repeat. It's easy when they're on commission only incomes. ", "replies": [{"id": "dqwr8j0", "text": "Yea, I totally agree with you there.  I think MF is harder since you are really only looking to buy/sell vs. Industrial/Retail/Office which can be heavy on the leasing and have a little more deal flow.  I was really speaking specifically to multi-family in that story.  Feels like the odds are better if you can either lease or sell.\n\nHopefully an opportunity like this at any firm would include a mentor who could teach you the ropes which would hopefully be parleyed into joining a brokerage team where you could split in the commissions even if it were only 2-5%.", "replies": [{"id": "dqwy88g", "text": "Yeah, my mf experience is extremely limited so I don't really know but it sounds plausible that it's harder to kick on in mf than commercial office space or warehouse space or whatever. On the other hand, every kid that moves to NYC to work in real estate does it to get into office. The competition is beyond crazy. ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dqwnnfn", "text": "I work at an  M&amp;M office, have closed a few deals but am still relatively new. Feel free to direct message me.", "replies": [{"id": "dqxqo0m", "text": "around what area?", "replies": [{"id": "dqy3397", "text": "Florida ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dqwrghr", "text": "I\u2019m a relatively new agent with M&amp;M. Feel free to pm me to ask any questions. Some of the comments above apply while others don\u2019t accurately depict my experience. Yes it\u2019s all commission unless you get into their internship program. In my office there is no desk fee (I\u2019d be surprised to hear if any of the offices have that). I\u2019m in the Midwest as well. ", "replies": [{"id": "dqxqnt4", "text": "around what area?", "replies": [{"id": "dqxsvvl", "text": "Midwest", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dqyqll4", "text": "I eventually want to be a broker, but for my first two to three years out of school I would want to work as an analyst. So essentially the desk job. What market are you in? I\u2019ve applied to plenty of these analyst/research roles and haven\u2019t heard anything", "replies": [], "depth": 1}]