Brokers of r/commercialrealestate: What are the advantages and disadvantages of working for a small, mid-size and very large brokerage?
[{"id": "caddujr", "text": "I'm working in a small brokerage right now. I'm just starting out in commercial real estate (used to do residential) and I'm astounded at the amount of support and encouragement I receive. Nothing close to the \"here's your desk, good luck\" thing that I hear you get at larger companies.", "replies": [], "depth": 1}, {"id": "capdehm", "text": "are you talking about investment/sales or debt/equity?", "replies": [], "depth": 1}, {"id": "cautvxl", "text": "I started in property mgmt but changed to brokerage a year ago working for a Top 3 firm in a major US market doing downtown office tenant rep.\n\nBig Shop Pros: \n* Name recognition during business development \n* Ability to work nationally/internationally with local offices \n* All of the resources you could ever need (subscription software, web-based resources, etc) \n* Chance to do the high-profile deals (you'll never see a boutique shop doing a 50,000 SF + deal unless there is a MAJOR relationship) \n* Ability to leverage the deals of others to get in the door \n* Countless mentors who have been there, done that and made a shit ton of money \n* My team of 3 brokes has a dedicated financial analyst and assistant/marketing specialist\n\nCons:\n* Worse splits\n* Worse splits\n* Worse splits", "replies": [{"id": "cauu30f", "text": "I clearly have no idea how to use bullet points...", "replies": [], "depth": 2}, {"id": "cbsx3x9", "text": "Bullet-point formatting aside, this is about it.", "replies": [{"id": "cbsyorc", "text": "Teach me...please...teach me. I tried for far too long to no avail.", "replies": [{"id": "cbtf4nk", "text": "Near as I can tell, you have to put two spaces between each point: \n\n- Point 1.\n\n- Point 2.\n\n- Point 3.\n\nAt least, that's how it works for me.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cb8q8au", "text": "I'm a broker at a **very** small brokerage in Brooklyn. I love it. We have a very team-like, underdog attitude and all share similar interests so there are fun differences between this job and every big company I've worked for (i.e. we ride bikes together to our meetings around the borough). ", "replies": [], "depth": 1}]