Backing out of a job offer
Long story short: I engaged a high-caliber real estate advisory team and essentially created a tenant rep role in which I would be working with the team and learning the ropes of the business. This is an amazing and unique opportunity in and of itself. That said, a top investment sales team, that I have been chasing for over a year, reached out to me for an interview, of which I am a finalist. The problem is that I have essentially committed to the tenant rep team. I am afraid that if I back out or re-trade on my commitment, it will set me back. My word and my reputation are paramount, especially in this industry. What am I to do?
If your word and reputation are paramount, then by definition nothing is more important than your word or reputation. So you shouldn’t back out of your job.
What’s your real question?
Remember: Everybody knows everybody in real estate. If you decommit, it may not hurt you today, tomorrow, or even a year from now, but someday it'll bite you in the ass. I know you're looking for some assurance from your fellow monkeys to take the IS job, but it may not be worth it. It sucks because you've been looking for so long, but that IS had over a year to make an offer. That's not your problem, it is theirs. Tenant-rep is a solid job and you can definitely move into IS after 1-2 years. My advice is to not burn your bridges. I see every partner from Newmark, HFF, JLL, and Cushman that I previously interviewed with every morning at the the gym. RE is a very small world. Good luck with your choice.
I say go with the IS team
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