theag
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- Jan 19, 2012
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I was wondering what you liked/disliked about being a commercial broker. I have been considering it for a while as a way to add some additional capital, I am working with real estate on the development side, but I am afraid it will be to rigid and corporate for me.
Well, in CRE brokerage, to be successful, you basically have to put in a lot of time of networking/building a presence in a single geographical area. Thats one thing I realized is not for me (especially with my current area being in Switzerland, where I don't want to stay longer than necessary). I want to have some level of geograpghical flexibility (not like a "lifestyle-business", but also not limited to one area).
Another thing that I don't like is that you put in a lot of time to be successful, but you're not building an asset. As an entrepreneur you're putting in the same or more time but you asset grows with time. As a broker you're always on the hunt for the next paycheck. Of course it gets easier as you gain contacts with time, but still..
I also don't like being "restricted" to one area of business, in this case obviously real estate.
And furthermore, I don't like the opportunities to earn money. In RE its harder to scale than in another business area or of course an internet business. Of course there are top brokers who pull in 7 figures a year and RE investors/developers can do even more. But you have to be in the top 0,0001% to do that, which is even harder than building a successful business.
Don't know if this makes sense, but I think beyond the reasons listed above, I mainly have the feeling that it just isn't "for me".
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