Offered a job as a commercial broker.

[Simon Ghandil]

I was calling around trying to find commercial buyers for a property I have, and as I was speaking to the vice president of one of the companies, he offered me a job as a broker right on the spot. He said he loved my personality, and a lot of other compliments that led to him offering me a job.

I have always been an entrepreneur. I love to work for myself and have that personal freedom. I wholesale homes, a couple lease options per month, and day trade.

The vice president said ever since he came on board he has been making six figures for as long as he can remember. He said I would be making six figures within two years. The best part is, I don't have to wear a suit.

To all of my commercial brokers, what are your thoughts. Do you like your job? Do you LOVE it? What are some downsides? How are the hours? 

I dropped out of college with intentions to not work for anybody else again, but would I be stupid to let this opportunity pass?

[Christopher Telles]

NAR reported for 2015 the average "gross" commission earnings for CRE brokers with 3-5 years experience is $123,000 That's before the split with the house so if its a 50/50 split that's $61,500 per year earnings before taxes.

Having owned small, medium, and large brokerages I can say that's about right. Getting to 60% of that level earnings in year 1 would be a good accomplishment. To reach this level of earnings the salesperson should have good access to some great training. Being handed a phone book and a phone does not qualify as good training. 

The time required to reach that level of earnings would be about 60-75 hours per week. There are however residual benefits that come along with working those hours in the early years. Those residual benefits are realized in later years from the contacts made, information obtained, and relationships built from the work during the early part of a CRE career. Many never realize these residual benefits either because they never put in the heavy hours, or they felt the business didn't offer them enough earnings opportunity and left the business before the residual benefits started paying dividends.

Its the guys/gals that try to short cut the process and work less hours that tend to fall on hard times as they turn the corner from being a novice and hit their journeyman stride.

CRE is a great career. Its also a whole hell of a lot of work. Don't let anyone try to tell you otherwise. As for the suit comment, I think that's great. The day will come when I or someone like me will be competing with you for a listing and we will win, if for no other reason than we appeared to be more professional.

 Hope this helps. All the best in your decision.