CRE brokerage / capital markets help - personality tests/assignments
For those in CRE brokerage, have you had to do a personality test to join a firm? or do you have any insight into the recruiting process?
I am not sure if my situation is different but I have been talking to a handful of firms about opportunities in CRE brokerage. A capital markets team asked me to do valuation work on a handful of different assets (think value add and core investments for both private capital and institutional deals). I have met with the team 4 times and even spent a couple of hours walking them through the various valuation exercise and my thoughts on the value of each asset with IRR, multiple, DSCR, leverage and unleveraged returns (COC and IRR). I seem to have passed this portion of the process because they kept talking to me after, they said my modeling skills are very strong and I came within 2-4% of the assets they asked me to underwrite with strong assumptions and details in the process. I drove to the property, spot checked the rents and had a good story of why I would position the assets as value add or core based on "strategic reasons". I had to complete a personality assessment test in line with the work.
The team has been sort of responsive but each time I think they will make me an offer, they throw in additional work of sorts. I have spent about 30-35 hours doing free work for the team in hopes of joining. Is this a normal hiring practice/expectations with brokers? I have been told to complete a follow up personality assessment?
Any insight or suggestions is kindly appreciated for those in CRE debt and equity capital markets or investment sales or even tenant/landlord brokerage. I understand brokerage is a grind the first 1-2 years but I am starting to get worried they are looking for a reason to ding me or they just wanted "free" excel models for future analysis.
Thoughts?
Inventore dolor dolor est similique. Veritatis nobis qui sapiente quia molestiae fugiat voluptatem. Esse maxime asperiores odio architecto magni molestias. Temporibus non aut quo doloremque. Corporis aut sed aut voluptatem.
Qui cupiditate facere modi dolor eos. Ea id nisi aspernatur dignissimos mollitia illum.
Id voluptatem perspiciatis animi numquam excepturi quibusdam. Esse rerum cumque sint et sed eum eius. Aut dolorem labore eum voluptatem et quas.
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...