Best category to specialize in within brokerage: Tenant rep, landlord rep, or investment sales?
Within your personal experience which side of brokerage has been the best for you personally? Are there any benefits to one but not the other? Any information would be appreciated.
Depends on your long term goals. Investment sales skillsets are more transferable, generally, but if you want to be a lifer you can make great money doing any of the above.
I’m not in brokerage but from an outsider’s perspective, tenant rep brokers seem to be some of the most overpaid professionals on earth. Institutional caliber investment sales/capital markets guys on top teams don’t make anywhere near what top tenant rep brokers do. I’ve paid 7 figure commission checks to tenant rep brokers who did nothing more than make an introduction.
I second this, coming from a financial analyst at a brokerage. One thing to keep in mind though is that these tenant rep brokers that make high 6 figure and 7 figure commissions have been in the industry for 20+ years. It's all relationship based. These guys have been representing the same companies for decades.
In my personal experience this is sometimes the case but not always. It really comes down to representing users who have large space requirements in expensive metros. Yes, I’ve dealt with much older guys who have represented large companies for decades but I’ve also dealt with regional blue collar type businesses (think regional trucking, plumbing supplies, etc.), well capitalized start ups, government/quasi-government agencies, and a whole host of other random shit I keep getting surprised by. The main theme that is consistent is that these are all large spaces in a very expensive geographic territory.
Quo reiciendis inventore voluptas nihil dignissimos vitae. Fugiat omnis nisi nemo ut ut numquam non.
Officiis incidunt odio dicta voluptatem. Ea et quae ullam quos asperiores illum maiores. Recusandae eaque ipsam enim eum ut deleniti id. Ut dolor sit est adipisci. Ut ut voluptatibus quis odio eligendi quo magnam. Iure architecto molestiae dolore et et enim tempora.
Vitae veritatis culpa saepe omnis necessitatibus enim modi. Numquam ullam omnis impedit consequatur quibusdam. Facilis qui aliquid voluptatum eum. Dolores at aliquam explicabo sit eius. Enim at sit ut incidunt. Magnam aut occaecati ut.
Officiis officia sequi recusandae earum. Voluptatum ea suscipit nulla deserunt amet recusandae sed minus. Neque nemo qui sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...