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by pw0ncakes
5877 days ago
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New York apartment brokers are a frivolous class of overpaid, lazy parasites who collect 12-17 percent of a year's rent for doing virtually nothing. They also handle the nasty work of ethnic screening (which is, yes, still present in the real estate industry), if you've ever heard of a "code 22" building. Brokers for engineers (and bankers, traders) exist on the business model you described. They're called headhunters. They won't work for equity. |
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The real downside on that is that (as someone who has been one) headhunters have a hard enough time as-is getting their fee occasionally from clients. If working WITH headhunters seems to be a pain in the ass, try being one and keeping the client and prospect in-line with a model that you can actually get paid on is rather difficult.