Advice for New Agents Entering the (potential) Downturn?
Gen-Zer here. I was a 2nd grader during the GFC so I obviously have no clue what to expect. I imagine it’s going to be a lot tougher to find prospects that actually want to sell and list with you. 

Any advice for weathering the storm/generating commissions through this thing??
[{"id": "ica9fh9", "text": "Find a backup career. I graduated during the financial crisis and work was scarce. Set my career back years.\n\nI believe a majority of less seasoned real estate agents and mortgage brokers left the market permanently. Not by choice. Lots of high paying jobs were destroyed and didn't really return for at least a decade.\n\nThis time won't be the same, but higher interest rates will definitely slow down activity. Possibly grind it almost to a holt given the quickness of the rate increases. \n\nI will say I know someone who did well assessing foreclosed houses for banks. Bankruptcy attorneys also did well.", "replies": [{"id": "icaf46p", "text": "Any ideas for safer jobs in CRE or should I just consider moving to something like tech sales? I don\u2019t really have much of a skillset outside of sales unfortunately.", "replies": [{"id": "icajr8x", "text": "I honestly don't have the experience to advise you well. \n\nSales is a great field to be in. Companies always need sales people. Having experience in multiple sectors is good for your resume and job prospects. Becoming an expert in a field always pays off well in the long run.\n\nGetting into a new role right now could prove to be a good idea because you will not be fighting people when unemployment ticks up. \n\nTech sales depends in the company/industry. You definitely want to be somewhere that will hold up well in a recession. \n\nI have personally avoided working for homebuilders due to my 2007 experience and not wanting to be in such a cyclical industry. I would likely work for a more stable sales job if I was in your position, and then transition back into CRE if it proved to be a better career choice after these harsh times blow over.\n\nI personally believe we will have higher rates for many years. However, it could just be for 1 to 2 years. \n\nSales is a great career choice. Rough at times, but lots of employment opportunities and high paying as you develop. I know lots of sales people who do better than people with professional degrees. \n\nCustomer success is significantly less lucrative but a good field that is less stressful. Decent pay and job options. \n\nIf you enjoy customer interactions and can handle rejection, stick to sales.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "icaarnj", "text": "Go into it open ended.  Properties will definitely still be moving as many investors have been sitting and waiting for this, don\u2019t pigeon whole yourself while new so if the market changes in the coming years you can follow the money. I see opportunity coming. A lot of folks have lost confidence in the markets and re feels safe even in a downturn. A lot of owners are over leveraged with stupidly small cap rates, when their loans balloon they will need to unload.", "replies": [], "depth": 1}, {"id": "icaezbc", "text": "Build some relationships with receivership and distressed debt firms", "replies": [], "depth": 1}, {"id": "icbhf5m", "text": "Triple down on activity... cold calling, prospecting... many brokers exit the career and there\u2019s huge opportunity", "replies": [], "depth": 1}, {"id": "icbm00v", "text": "Get used to talking to bankers weekly and dealing with foreclosures. Having a good clean up crew is important.\nLast time lost about 90% of the agents in 2008 in my area. The first year of the downturn you can just expect not to sell anything and just get the deals you can when the market is correcting itself.\nDon\u2019t be afraid to take some residential foreclosures if you can get a pipeline of them.", "replies": [], "depth": 1}]