Commercial real estate agent in college?

Question

I just passed my real estate license and I am considering starting out in CRE. I just got an email from a team in KW Commercial and am heavily considering doing by sponsorship there. I am currently in university but completely online and I was wondering if my involvement would be limited. I usually have about 2 classes per day that range from in the morning to late afternoon. What are you guys thoughts on starting in commercial in my junior year of university?

Robert Chad Yoder · Answer

I say go for it. Start building some relationship with someone in commercial. Get into the investment side. And definitely don’t let people say you’re under qualified because you don’t have time being a student. As long as you can find deals you’re good to get started. And be a step ahead of everybody

Alex Grosvenor · Answer

@Guillermo Sigala Commercial Real estate is a different animal than residential real estate. Things get handled differently in most aspects of the transaction. I think getting into commercial and industrial as well as residential  real estate is a little far fetched for anyone to do starting off (if you plan on doing it all at once).

If you plan on just focusing on commercial real estate it can be done while in college, but it will be a lot of work. Being a real estate agent is a full time job, not part time to where you can do it here and there and expect results to happen. It takes a lot of hours of working with 0 pay until it pays off usually for about a year. Could be sooner, could be later, but those hours will have to be put in for a long time before the money starts rolling in.

You are in charge of how much you make, how hard you work, and what hours you put in. There will be someone to support you most likely as a new agent, but if you choose not to work it doesn't affect anybody but you. Nobody is going to make you work. Being a real estate agent is truly running your own business and being your own boss. At the very end of it all you are on your own boss, you make your hours, you determine your pay, and you decide what to do or not do.

KW does have a big influence here in DFW but are they going to teach you the ropes around your schedule? Can you handle their fees? Are you okay with the splits? Are you getting a mentor? What kind of training does that KW offer? Whats the cap? Each office is different including each KW office. Do some research and find a broker that fits what you're looking for. I'm not saying they aren't great I'm just saying there are a lot of brokerages out there. Find which brokerage works best for you not just because they have a big influence.

Lastly, being a big influence doesn't mean KW will give you leads or deals or people to talk to or the best training or any money at all will ever come out of being affiliated with them. It just means they are well known. That is all. I hope this helps!

Guillermo S. · Answer

@Robert Chad Yoder i appreciate the support Robert. This really gave me the motivation to go out there and crush it!

Guillermo S. · Answer

@Steve Morris hey Steve, thanks for the reply. I am in the DFW area in Texas and KW has a big exposure (Texas is one of their main markets). I am leaning more towards industrial (crazy growth here for warehouses) and retail, as well as multi family.

Steve Morris · Answer

You didn't say where you are or what CRE you wanted to specialize in.  In Portland, KW is not that big a force.  I do multi-family and there's about 3 brokers that specialize along with national houses here.

I think I'd look for the place that gives you most exposure to clients in your specialty.  Starting out, getting a list of people is job one.

Commercial real estate agent in college?

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