I just landed a brokerage internship at a top shop in a secondary market for next summer (I'll be a rising junior). I've been reading a lot of threads on this site recently about profitability within the brokerage side of CRE and it seems to be all over the place in terms of salary/potential commissions that could be earn. Most people on this site look down on CRE because they don't think it's "high brow" finance. Which is might be why they are downgrading the potential profitability upside in real estate.
Most people are saying that's it near impossible to reach 7 figures in brokerage. However, I know for a fact that everyone on good teams in Primary Markets (NYC, LA, SF, CHI) can easily touch that 10 years into the business if not sooner. I don't see why working hard and networking correctly couldn't lead to this success.
Why is everyone downgrading brokerage profitability?