Life as a CRE Broker

Hi All,

I was initially looking into becoming a RE Analyst but haven't been able to shake the want to become a CRE broker since learning more about the industry. Would current brokers be willing to share their current RE type, how many deals they close on average a year, and experience building their business within the first 1-3 years? I appreciate your insight!

 
SoCalRE:
https://www.wallstreetoasis.com/blog/day-in-the-life-commercial-real-es…

It's funny reading this five years later:

CRE:
We are still in the process of pitching what, if we get it, will be our largest corporate services account in our branch's history. This is significant for me especially because I am the one who set the ball in motion with company by contacting the private equity company as they were buying the corporation in question. My contact became the CFO of the company upon the acquisition and I got our team a meeting. If we get this, it will be enormous both for us and for me. The VP offers to take three of their higher ups to dinner and a baseball game along with his head Principal. Although I am on the account team, I was not included in the dinner and baseball game plan. Ugh. Excluding me, while perhaps a decent idea from the Principal's standpoint because I'm young, may not by the right move. In all sincerity, my contact genuinely likes me.

This situation was one of the final straws for my time as a broker. I ultimately got cut out completely from the pitch team and we lost the pitch to CBRE.

Commercial Real Estate Developer
 
Most Helpful

I don't see the problem with repeating questions. Gives the chance for new insight from more people that haven't already answered in older threads. Also, OP is asking some pretty specific questions and I feel like this could be a unique thread for brokers to answer in, sort of like the "what is your compensation in RE finance thread".

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