Monday, May 26, 2008

A Broker's Life: Pros and Cons

I've been thinking a lot about work. The nature of work, the sacrifices and tradeoffs. I refuse to be defined by my job, and perhaps that's been my professional downfall. I just think that I am so much more than simply That Broker or That Writer or more generically, That Worker.

Indeed, That Broker's just a very small part of who I am in my entirety, and maybe that's the issue. It's my flippin' job, not ME. I'm just not one of those people who eats, sleeps, breathes, dreams, and lives real estate. Trust me, I tried that for about two years, and I began to really hate the woman that little experiment was turning me into. Underweight, overworked, physically weak, angry as hell, and with irritated skin from the constant stress. Not a pretty picture, on any level. So I stopped "brokering," and attempted to find a middle ground. The plan was to trade some of the freedoms and pains of being a broker for the stability and drudgery of a more office-based job--one that still drew on my real estate skills and knowledge.

This work scenario reminded me of how much a company gets to tell its workers, on some level, who they are for those hours they are there on the job each day, and to some extent, who they are outside of the job. I mean, Eliot Spitzer clearly liked sex with hookers in his spare time, but the State of New York begged to differ. Eliot aside, those hours add up to years of our lives, yet outside of independent wealth or abject poverty, what choices do we have? Of course, one could start one's own company and set the tone, culture, but that's a whole different discussion. . .one I haven't the energy for at the moment.

So since I'm feeling contemplative but perhaps a bit de-motivated, it's not a bad idea to reflect back on the pros and cons of my broker life.

As a broker, the pros were:


1. Almost complete control over my schedule. If I didn't want to show a place before, say 10 a.m., I didn't have to. Hitting the gym at 3 p.m. in the afternoon? Check. A long lunch every now and then without fear of retribution? Doable.

2. Being able to run around town during the work day and feel a part of things, rather than sitting on my ass in an office, feeling cut off from life until the clock rolled to the quitting hour. Office work really drained me in ways I never expected--the above chief among them.

3. My firm was very liberal on dress code. I got to wear pretty much whatever I could get by with. Of course, some firms have a very corporate dress code, but not mine.

4. The feeling that I could be more of myself on the job. Over the years, I met so many brokers from so many different areas of life. As a broker, you kinda feel like you can be who you are, yet still work in a professional capacity. Most brokers I know had or have thriving careers in other fields. They're not one-dimensional, in other words.

5. Want a long vacation? Just get your business covered and no one can tell you no. I never had to ask permission to go away on a trip, put in for vacay time...none of that nonsense. I simply made sure my listings and clients were being taken care of, usually by a trustworthy colleague, and went. (Cue fond memories of a week on the West Coast during August one summer). . .







The cons, however, were many:

1. People expect you to work every day and be constantly available, even when "off" duty. In fact, Off Duty status for brokers doesn't seem to exist in most people's minds. Bosses would have to hold their tongues if you went away for a week or three, but they'd bitch and moan, cajole and threaten if you consistently took off even one day a week. Or even appeared to do so.

2. Other brokers. Sure, I met some cool ones along the way, but I also met many annoying, boundary-less, mouth-breathing, clueless jerks. And pushy? I can talk to you about PUSHY. And about obnoxious, too. Ugh!!!

3. Unstable income and overall economic instability. Those long vacations weren't so doable when my rent from one month to the next was constantly in question. And it often was.

4. The running around...in general I enjoyed the active part of the job, but sometimes people would run you around town and simply waste your time. That used to piss me off...the inordinate amount of wasted time. I'd do what I could to minimize it, but often in vain.

5. People thinking you're rich. . .when you're not.

6. Taxes.

7. There are NO easy deals and you practically bleed for every paycheck. This is something I didn't want to believe initially, but I was proven wrong time and again.

8. Annoying clients. And their kids. And dogs. And. . .

9. My favorite: getting screwed over. Happened weekly. Sometimes daily. You really see people at their best and worst moments when it comes to real estate transactions.




So clearly, a mixed bag. In all honesty, I might still be pursuing the full-time broker avenue if I felt it could ultimately pay off. For whatever reason, it didn't for me. So I went the "day job" route and eventually got canned--that and other negatives were perhaps signs that I'm really not cut out to work for someone, at least not in a traditional office setting. The entrepreneurial aspects of being a broker were enjoyable and suited me in many ways, but the instability rattled me. The drudgery, politics, and controlling nature of office life were soul-sucking, but that steady, almost healthy paycheck was very nice indeed.

What to make of all of this? Now that I'm back to square numero uno, trying to put it all together and am finally able to think of it all objectively, I do find it oddly freeing.

Monday, May 12, 2008

My Forced Sabbatical




Well, I spoke too soon, folks. Seems I've been put out on a forced sabbatical. That's my PR/election year spin way of saying I got canned! Man, here I was thinking I was working for people who were more direct, more honest, and less sneaky. Just because they seemed nicer on the surface doesn't mean it's true in all arenas or that they can own up to miscalculations and market downturns. Silly me for believing what I wanted to believe.

Basically I was downsized out of the job. Up until that moment/meeting, they'd never once give me any indicator that my performance and attitude were anything less than great. Since this wasn't a commission based job (not entirely, at least), the recent spate of (over) hiring they did must have been hitting them harder in the pocketbook than they'd anticipated. Recent market downturn and all of that. The proverbial elephant in the room.

Of course, they couldn't/wouldn't own up to this. Not one iota. They attacked my performance (for nit-picky and easily fixable mistakes that they had no intention of allowing me to correct). They also said that it seemed a matter of "fit." As in "you don't fit with this company." That was news to me and all of my co-workers, who were quite shocked (not just pretend shock--it was real) at the firing and are now understandably nervous about their own jobs.

I understand that the bosses didn't want to ring the bell of "downsizing," but instead, their handling of the situation kicked up another kind of fear/morale dip in their staff. Not that I'm around for the fallout--obviously. But my sources are well-placed, of course.

Now for the first time in my working life, I'm drawing unemployment. (Something working only on commission never allowed me to do. So this is actually pretty cool in its own twisted way).

Instead of jumping into the first job opp that comes my way, I'm taking my time to regroup and strategize. Oh, and yes, to travel and just enjoy life for a spell. Luckily my overhead is low by NYC standards, so I won't go under financially (fingers crossed and Lord willing!)

Am I thinking of finally kicking real estate to the curb? (At least professionally, because I'd prefer to have a real, not cardboard, roof over my head)? Yes, I actually am seriously considering leaving this biz. I'd keep my license and prob do a few small deals on the side, but I don't know if I can handle having my bread buttered with such a sharp and volatile knife ever again.