Advice for a REIT Analyst Looking to Jump Head-First Into an Investment Sales BrokerageSubscribe
Whats up guys. Just moved 3500 miles away from home to LA and was recently laid off my analyst gig at a top REIT - kinda fucked at the moment. I'm very seriously considering saying fuck it all and jumping into investment sales head-first as a broker. I've chatted with a few of the major players (think JLL, CBRE, Eastdil, M&M) and heard something different from pretty much all of them. Some are 100% commission cold-calling sweat shops (ahem M&M) and some are 100% salary analyst positions supporting the brokers. I think ideally I'm looking for a hybrid between the two (minimum salary + fees), where I'm able to finish up my license and get some experience on the transaction side without starving for two years - I guess trying to limit my downside while still having a defined track towards crushing as a broker (I know). When I mention this to any of the teams at shops like M&M they tell me to go fuck myself, though most of the teams at larger institutional brokerage firms are the opposite with almost exclusively salary only for the junior guys.
I've been cold calling top brokers at large firms asking similar questions, but structure seems to vary wildly even within each firm from team to team. Are there any firms/opportunities I should be targeting? Am I retarded for trying to find this opportunity that may or may not exist? Is it truly as clear cut as "jump in" or "pussy-foot around jumping in for a few more years and delay the inevitable"?
Interested to hear some feedback. Feel free to DM me also.