Transaction Coordinator to Agent?
Has anyone here been a transaction coordinator/manager for a CRE brokerage? What were your experiences like there? Do you recommend doing this to break into CRE brokerage? Do CRE brokerages typically want to promote their transaction coordinators/managers to agents or will they view them as admins forever?

Thanks!
[{"id": "div7rsy", "text": "Honestly they'd probably view them as admins forever. I've worked in CRE investments in ownership side for 10 years and I've never once interacted with a transaction coordinator. ", "replies": [], "depth": 1}, {"id": "divan50", "text": "If you are planning on being an agent, just be an agent. \n\nIf you cannot afford to be an agent, and need a stable job, this business may not be for you. ", "replies": [{"id": "divbc1z", "text": "Thank you for your insight. I was thinking of doing this because from what I gathered from most agents I've talked to is that they were offered a position in the brokerage because they either had a friend, their parents had a friend or their parents are commercial agents. Unfortunately, I don't have that luxury so I wanted to gain more experience this way. \n\nThe position I'm looking at says they're looking for someone who is interested in becoming an agent in the future and would like to train them in transaction management to possibly take over the role to be lead broker on certain accounts in the future. I just wanted to gain some insight on whether or not this was too good to be true. It seems like it's too good to be true.", "replies": [{"id": "divbpbq", "text": "Brokers are commission based, admins are paid hourly. \n\nSee how they are going to pay you, and if it is commission, you need to have a real estate license. \n\nThis is a great business and there is tons of money to be made. \n\nThere may be some confusion as to what the role actually is. \n\nJunior agents, runners ect are kids out of school. They learn the business by shadowing the agent and doing all the bitch work. They make phone calls and learn relationships. It is an incestuous business, but once you are in it you are good. Breaking in can be hard. \n\nAdmins make brochures and coffee. They process paperwork. They call the listing service to update listings. \n\nI am an admin. I see kids fail all the time and realized I don't want to have to work 60 hours a week. I clock in, I clock out, I leave it all in the office. There are pluses to both sides. There are way worse industries, I like the people I work for, which you cannot get everywhere. \n\nThat being said, there are some real assholes out there. I don't recommend working for them, and most people don't for long. \n\nBest of luck ", "replies": [{"id": "divc2ih", "text": "Thanks for the details! I believe this will be hourly since it's a transaction manager role but they want someone to be trained to take over the lead broker role for this account? I'm not very sure...I'm just scared of being stuck as an admin forever. Not that there is anything wrong with being an admin, it's just not something I want to do forever.", "replies": [{"id": "divcc17", "text": "You can always jump ship to another company once easing into a sales job. Work for a reputable company, get your RE license, network, learn who the people are in the business and take it from there. \n\nWould a company prefer you or some well connected kid right out of school as a favor to their father? That is never going to change, however you don't have to be stuck doing anything if you don't let it.\n\n Jump in now, the water is warm. ", "replies": [{"id": "divdjso", "text": "Thank you so much! I will probably keep interviewing to see where this role takes me. If I end up getting it and all I'm doing is admin work with no agent work in sight, I will leave. :) \n\nMay I ask how long you've been an admin and how the commission checks never tempted you to be an agent?", "replies": [{"id": "diwg5q0", "text": "I have brokers who make about three million a year. This is the top of the market, and any asshole should be making money hand over fist. \n\nI remember 2008-2012, where a majority of people have not made anything, for years. \n\nIt is easy to see the big dollar signs and ask, \"hey, why not me?\", but you will see pretty quick if it is for you or not. \n\nIt takes about 5 years to go out on your own, to have your own clients, and to do your own deals. Can you spend 5 years of your life on what may be a winning lottery ticket? \n\nI was in the middle of the greatest recession when I was a dumb young kid and I got older. Maybe if I started in 2002 -2004 things would be different. ", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "diw93a8", "text": "I actually started as an \"admin\" for a large landlord. I had no real estate experience going in and learned a ton about how deals are structured from a landlord's point of view. It gave me a huge opportunity to interact with tenant brokers as well (which I knew I wanted to be eventually). From there I made really good connections including one who got me a job at the firm I am today doing tenant rep. So yes, you can definitely use it as a way of breaking in...but don't get too comfortable and let your bosses know what your long term plan is or else you will be viewed as an admin forever. Let me know if you have any questions, I'd be glad to help out.", "replies": [], "depth": 1}]