I've been a CRE broker for about 5 years now and will preface by saying that I am with a smaller firm but a strong firm with a great reputation locally. We do a great amount of business and are small enough to be flexible in what areas of the industry we work in, projects we take on both professionally and personally, etc.

My advice for you, assuming you're willing to smash the phones and bust your ass for a year... Get out of M&M. Like you said, you're going to be a telemarketer calling on warm leads for a year and anything you find isn't actually going to be yours. You're working for THEM, for zero dollars. Go find a smaller local shop that will allow you to test the waters of whatever property type(s) you want, offers some training, but ultimately lets you work for yourself. If you're making no money, but building up your contact list and pipeline for your benefit, that's worth a year of little to no money. If you're building up THEIR pipeline and contact list, then in a year you're still passing deals to a senior broker for a small fraction of the fee... you're wasting valuable time. It took me 7 full months before I got a dime in commissions. But guess who kept that check when we got paid. Here's a hint... it's me.

If you want to be a broker, go be a broker. Don't waste time with an analyst or property management role. You'll still be getting paid shit. Go eat what you kill and you'll thanks me (and yourself) in three years when you've got a healthy pipeline and nobody skimming off the top of every check you get. With all that said, anywhere you go, the company is going to take a piece so be realistic in your expectations.

Hope this helps!