Is it hard to become a commercial real estate broker?
I am a finance major and I was interested in becoming a commercial real estate broker.. Is this a hard job to obtain?.. Is it hard to succede at?… what is the salary range for most brokers?
Hard to become a broker…not really.
Hard to succeed…depends on you.
Make no mistake, this is hard work. Networking, selling, cold calling, canvasing, etc., be prepared to work and not necessarily make any money for the first few months. I didn’t get a check for the first 8 months I was in the business.
If you work hard and have a good mentor, you can avoid a lot of mistakes and save some time. Find a firm that is willing to invest some time to train you and make sure you are part of a selling team. It will make things a lot easier.
The income can be enormous…I know more than a handful of guys in my market (Long Island) who make well over a million dollars per year. Lots of brokers here make between $100,000 – $300,000. But remember, it’s all commission (you eat what you kill)
Good luck!
Ralph Benzakein
whitman-realty.com
April 7th, 2010 at 9:54 pm
Yes, Yes, as hard as you want to work, and as smart as you are. It can be a great profession. There is no salary, commission only. If you are smart and good in person and on the phone, you can make HUGE $$.
References :
April 7th, 2010 at 10:41 pm
As long as you are a true salesperson and can make all the right contacts, you can make tons of money. No salary, though…100% commission.
By the way, the people the succeed at this business usually go in knowing nothing about it, they just know how to sell.
References :
April 7th, 2010 at 11:07 pm
Hard to become a broker…not really.
Hard to succeed…depends on you.
Make no mistake, this is hard work. Networking, selling, cold calling, canvasing, etc., be prepared to work and not necessarily make any money for the first few months. I didn’t get a check for the first 8 months I was in the business.
If you work hard and have a good mentor, you can avoid a lot of mistakes and save some time. Find a firm that is willing to invest some time to train you and make sure you are part of a selling team. It will make things a lot easier.
The income can be enormous…I know more than a handful of guys in my market (Long Island) who make well over a million dollars per year. Lots of brokers here make between $100,000 – $300,000. But remember, it’s all commission (you eat what you kill)
Good luck!
Ralph Benzakein
whitman-realty.com
References :