CRE Developer in house brokerage team vs. Third party brokerage firm
I've been working directly for a family owned regional developer as part of there two-man, in-house brokerage team for two years. It is a 100% commission position and I am tasked with leasing out and occasionally selling the developer's properties. I can also do my own "third party" deals that do not involve the developers properties (mostly tenant rep). I've made decent money and had the advantage of just being handed listings from the developer, but most of the properties are old Class C office and retail buildings. Also, the owner expects me to spend most if not all of my time trying to lease out her shitty properties (rightfully so) and it prevents me from chasing larger third party deals. With that said,  I am thinking of making a move to a strictly third party brokerage firm.

&amp;#x200B;

In your opinion, do you think this is a good idea, or am I being an ungrateful prick and should be happy with getting handed listings?
[{"id": "eftvjnf", "text": "How\u2019d you get that gig in the first place? Would be interested in that role ", "replies": [{"id": "eftynwx", "text": "I started at a traditional brokerage firm and worked there for a little over a year. Then I saw an ad on Indeed for the in-house brokerage position, thought it would be a good way to advance my career, applied, and got it. From the outside it seems like a great deal, and it is in many ways, but there are some disadvantages. The biggest one is that you are tethered to one developer that sucks up most of your time, even if you know the deal you are working on will go nowhere.", "replies": [], "depth": 2}], "depth": 1}, {"id": "eftyga2", "text": "We\u2019re late in the cycle so brokerage is fairly crowded, but there\u2019s always deals to get done. Brokerage is so varied though and your specific preferences will define whether you need to take a step back to take five steps forward\u2014potentially less money, more work, and a \u2018lesser\u2019 role but hopefully more learning so you can work on bigger deals.", "replies": [{"id": "efu2t8u", "text": "OP might be an exception here since they appear experienced and likely have some contacts already, but yeah man totally everything you said.\n\nA broker just sent me a message today announcing their new contact info and info on their brokerage they just founded.  I think like 3 of those have come up in the last few months.  Then at the big shops and established boutiques I don't even know who 3/4 the people are now.  I'm in Cinci so not a huge market, but we probably had 50-75 brokers doing 90% of the work in the last downturn and there has to be a couple or few hundred now.  \n\nI guess timing is everything and if this economy holds out for a bit jumping now might be some serious bank, but I'd be pretty nervous starting from scratch.  By the time you prospect and get deal flow rolling you could be in a real tough spot and are going to be fighting with all the newbies jumping in for new clients.  There is no way everything in brokerage now will make it.  ", "replies": [], "depth": 2}], "depth": 1}, {"id": "eftz3fe", "text": "I would be very careful about making a move now. Your job sounds a little more recession proof than the next one? I'm not sure. ", "replies": [{"id": "eftztp0", "text": "You think we are close to a recession?", "replies": [{"id": "efu7dc1", "text": "That seems to be a scenario I keep hearing people bring up. I feel like it's all talk and nobody really knows. ", "replies": [], "depth": 3}, {"id": "efv5tsk", "text": "I don't know. It sure does feel like 2007 though with everyone thinking RE can only go up. I was in Vancouver and someone literally said that to me: buy now it can only go up. I do know RE brokerages will be the last place anyone wants to be working at if this RE bubble bursts again so I would take that into consideration. Which job is more stable if the RE bubble bursts?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]