News: Brokerage

Hitting the broker wall

As training manager of GFI Realty Services, Inc., I have seen many new brokers in the business after the four to five month mark usually hit the proverbial wall. They get frustrated when they don't see the results they envisioned when they first got into the business. Waiting a year or two to broker their first deal can lead to self-doubt and a questioning of why they entered this business in the first place. This is very common. Even the most senior brokers get into a rut, but they at least have their past success and experience to work themselves out of it. You can break through this wall. Try changing up your daily routine. Make calls in the evening rather than first thing in the morning. Instead, begin your day canvassing your area by foot. Also, do your homework and develop a detailed database of owners and buyers that you are calling. Know what they own. Become an expert in matching up listings to your buyers based upon the criteria developed in your database. Next, don't be afraid to change your area of focus. Maybe your big deal is uptown rather than downtown or in another borough, branch out and see what opportunities other areas may hold. And, don't get stuck on the phone. Whenever possible try to setup face to face meetings. Bottom line, throw everything against the wall until something sticks. Go to networking events. Don't be afraid to ask questions of senior brokers. Look at market trends. Be persistent. We have all been there. It's up to you to break through. Marc Alper is a broker and training manager at GFI Realty Services, Inc., New York, N.Y.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.