How long to pop cherry in CRE Brokerage?
It's been over 6 months now...
[{"id": "d6bc30v", "text": "It took me 6 months to get my first check . 3 months to get a listing . I haven't gotten a check in about 4 months now. I'm literally just calling everyone . I know it will come tho. I was down to a few hundred dollars when I got my first closing , so definitely keep it up and stay hungry! ", "replies": [{"id": "d6bi68x", "text": "Thanks for the encouragement.  The most difficult part of this job is that you're blind to your own progress, so you can't really feed off the work you've already done. You just have to keep the faith. ", "replies": [{"id": "d6bj0en", "text": "Yea , you just really never know ! Bugs me a lot . That's the cost of all private businesses. Yea gotta keep going on. Btw im doing multi family real estate  in Cali. I've really been a cheap ass ever since starting too because I never know my next paycheck and I wish I didn't have to pay these self employment taxes . Also this year has zipped by so fast and days are very short too . I just keep thinking I can do it too just like everyone else. ", "replies": [], "depth": 3}, {"id": "d6bpyry", "text": "Realizing this is an important step. It's very difficult because the feedback you get is so delayed and indirect. It's hard to know if you are doing well and doing the right things. Even if you are doing everything perfectly, it's not going to lead to a paycheck tomorrow unfortunately. It might be weeks, months or even years down the road that you are realizing the fruits of the labor you are putting in now.\n\nAsk more senior brokers if you are doing all you can and spending your time efficiently. They may be a better source of feedback for you at this early stage than by trying to judge your success on the number of paychecks. It just takes time. Hang in there.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "d6btyl3", "text": "Absolutely perfect question.... I just moved over to Commercial about 4 months ago. Granted, I came from the residential side (hated it) and have 20 years in civil engineering design and land surveying and land planning, so I already know most of the local players in commercial real estate. But I've already completed one lease, just yesterday got go ahead to start work on a 300+ acre parcel with that owner having 8 other properties locally and then out of the blue I got a phone call from a commercial real estate developer out of Chattanooga (I'm in Florida) saying he had heard I was the guy to talk to about my area and what could I find for him. So... your mileage may vary obviously, but I think once you get things spun up, it may go well. \n\nNow I've got to make a decision to stay in this or take a cushy city planner job I have an opportunity to get. ", "replies": [], "depth": 1}, {"id": "d6bu9s6", "text": "We are changing our business model (now going to start offering $25k salary along with a lower commission rate) but we used to tell new salesmen to expect 12 months. Worst part is, even if you land a deal in month 7 or whatever, it still may not close for another 3 months, fall apart, etc. When the attorneys get involved they can really slow down the process, as they are payed on billable hours.\n\nJust stick with it! Learn as much as you can, get yourself in front of other business people and speak intelligently and you should be fine. I remember after being in it for a year I couldn't believe how much I'd learned through all the deals that didn't work out. This is a perfect example of a business in which you really do learn from mistakes, failure, and just bad luck. It took me about a year to get my first check, and I was thinking about quitting at that point but I realized how much expertise I had gained in that 12 months. I'm in year 3 now and have about $50,000 coming in the next 6 months. Not bad for a music school dropout. Best of luck to you!", "replies": [{"id": "d6c4tqd", "text": "I am glad to see you doing this. I find it astonishing that these brokerage firms - many of which can definitely afford the 25-30k base to help manage their growing pipelines - would limit their talent pool to young people with wealthy parents to support them.\n\nOffer some sort of base salary and you will open the doors to valuable people.", "replies": [], "depth": 2}, {"id": "d6cc185", "text": "Thanks for this insight. Extremely useful.", "replies": [], "depth": 2}, {"id": "d6dbkic", "text": "I'm 1.5 years in. This is me for sure. Learned soooooo much but the dollars aren't there yet. But I can feel it coming. Just gotta keep digging. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "d7p3mcw", "text": "You should consider this:\n\nwww.massimo-group.com/newtobusiness\n\n", "replies": [], "depth": 1}]