Are there team oriented roles in CRE?
Biggest hesitation from transitioning into CRE is the seeming lack of any team dynamic in the day to day duties. Maybe I am wrong, but I get the impression that analysts spend a majority of their time running numbers and models by themselves while brokers are pitted against their colleagues to sell the most. Are there any more team oriented side of CRE outside of being an Owner or Director? Maybe in the development side?
[{"id": "f9kd4wo", "text": "I am on a team of brokers. In the market I\u2019m in, it\u2019s very common. More listings, more closings, more money. It incentivizes everyone to be more productive. I\u2019m not sure about other markets", "replies": [{"id": "f9m9y3m", "text": "Team is what sense? What is the level of collaboration on the work they do? If so, how is commission divided?", "replies": [{"id": "f9n02dz", "text": "Team in the sense of the team you played sports on growing up. All in it together. Every call, meeting, showing, etc. we\u2019re all there. Even commission split regardless of who brings it in. Not rocket science, it\u2019s a team. Not sure how to be more clear on the word team.", "replies": [{"id": "f9n1mux", "text": "Got it. Sometimes \"team\" is a platitude that means we all work at a place with the same name and nothing more. Is sharing of commission normal in the CRE space?", "replies": [{"id": "f9ojg6y", "text": "Depends on the firm. If you\u2019re on a team it\u2019s normal", "replies": [{"id": "fa98fzk", "text": "What if you just started and are only with a senior guy? As a \"team\" he's not spilling commission to you for a deal he brought in. I could maybe see him giving you part of a deal he put you on, but if he's sourcing, finding the buyer, etc then why give you anything?\n\nThis seems to be three people all similar age and experience correct?", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f9kshwu", "text": "Super common in most brokerage houses to be on a 3-5 person team. Except for Marcus &amp; Millichap; they are the ones who consistently are shady even to people in their own office.", "replies": [{"id": "f9kxayn", "text": "&gt;Except for Marcus &amp; Millichap; they are the ones who consistently are shady even to people in their own office.\n\nSo funny to see this on reddit. They are truly awful.", "replies": [{"id": "f9m6emz", "text": "Care to elaborate?", "replies": [], "depth": 3}], "depth": 2}, {"id": "f9kylod", "text": "Truth!", "replies": [], "depth": 2}, {"id": "f9m6exl", "text": "Got any examples?", "replies": [], "depth": 2}], "depth": 1}, {"id": "f9l4ps3", "text": "Development is very team-based and collaborative.", "replies": [{"id": "f9ma07w", "text": "It's what attracts me to it. However, it seems a high level of specialization/education is required for those roles, i.e. Engineering, Law, Analysis, ect.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f9n85vj", "text": "Teams I\u2019ve worked on consist of 1-3 analysts/junior analysts, portfolio manager/person handling the deal flow, and a sales person", "replies": [], "depth": 1}]