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FacebookMy understanding is you do not need to be licensed to get a CCIM designation, or work in the commercial real estate field. But can anyone point me to a reference, or a place where I can get more information.
Thank you
East West Commercial Real Estate
A Full Service Commercial Real Estate Company - Brokerage, Asset Management, Lender Services, Capital
Of course you have to have a real estate lic. to broker commercial real estate.
This unfortunately depends on if you are in the USA or outside the USA. Even in the USA, it varies from state to state. If you reside in the USA, the best source of information would be to contact your State Real Estate Commission, which is most likely responsible for recommending changes to legislation to your state legislature, implementing legislation already enacted, and supervising those under license/permit to perform those functions.
You betcha. Fraud and mis-representation otherwise. Check your states Real Estate Commission.
Do you know anything about the following???? Would you be able to talk to The person about a Commercial Deal on who to send them to, types of programs offered.
Loans Briefings
Commercial Lenders
Commercial Loans
Commercial Mortgages
Economic Forecasts
Hard Money Loans and Hard Money Lenders
Mezzanine Loans & Mezzanine Lenders
On This Page
Amortization Schedules for Commercial Mortgage Loans
Commercial Construction Financing and the Contingency Reserve
Commercial Construction Loans and Computing the Interest Reserve
Commercial Construction Loans and Land Costs
Commercial Construction Loans and Soft Costs
Commercial Construction Loans and the General Contractor
Commercial Financing, Banking Relationships, and One-Off Deals
Commercial Financing, Units, Doors, and Keys
Commercial Financing and Blanket Commercial Loans
Commercial Financing and C.V.’s
Commercial Financing and Chapter 11
Commercial Financing and Coterminous Loans
Commercial Financing and Entitlement Risk
Commercial Financing and Exit Fees
Commercial Financing and Flagged Hotels
Commercial Financing and How to Guestimate a Commercial Triple Net Lease Rate
Commercial Financing and Interest-Only Conduit Loans
Commercial Financing and Interviewing the Developer
Commercial Financing and Land Leases
Commercial Financing and Option Agreements
Commercial Financing and Preparing Pro Forma Operating Statements on Commercial Property
Commercial Financing and Prepayment Penalties on Commercial Mortgage Loans
Commercial Financing and Single Asset Entities
Commercial Financing and Small Business Loans
Commercial Financing and the Abundance of Commercial Mortgage Money
Commercial Financing and the Big Year Ahead for Commercial Mortgage Finance
Commercial Financing and the Commercial Finance Term “Standing Property”
Commercial Financing and the Partial Subordination
Commercial Financing and the Unit Mix Breakdown
Commercial Financing and Understanding Conduits
Commercial Financing and Understanding the Hard Costs of a Commercial Construction Project
Commercial Financing and Underwriting Commercial Construction Loans
Commercial Financing and Underwriting Commercial Loans on Hotels
Commercial Financing and Waterfalls in Commercial Mortgage Backed Securities
Commercial Lenders Use the Lower of Purchase Price or Appraisal
Commercial Financing for Value-Added Deals
Commercial Financing – International Commercial Loans Are Extremely Difficult
Most Large Commercial Construction Loans Now Need a Mezzanine Loan Piece
Commercial Financing of Condo Conversions Involve Entitlement Risk
Commercial Financing on Lifestyle Centers
Commercial Financing on Small Apartment Buildings
Commercial Financing on the Four Basic Food Groups
The Syndication of Large Commercial Construction Loans
Commercial Financing Using Mezzanine Loans and Preferred Equity
When Preferred Equity Doesn’t Get Paid
Why Are Commercial Mortgage Loan Rates Not Increasing?
Why Most Commercial Lenders Forbid Second Mortgage Loans
Commercial Loans Where the Seller is Giving the Buyer Credits
Commercial Mortgage Brokers vs. Commercial Mortgage Bankers
Commercial Real Estate Financing and the Concept of Equity
Commercial Real Estate Financing and the Debt Service Coverage Ratio
Intercreditor Agreements, Mezzanine Loans, and Commercial Financing
Interest-Only Commercial Loans from CMBS Lenders
Land Contracts on Commercial Property
Land Development Financing and Horizontal Improvements
Large Commercial Construction Loans and the Importance of the Marketing Team
Mezzanine Loans and Profit Participation
Reflagging Aging Hotels is a Popular Value-Added Play
Structured Finance and Merchant Banking
Structured Finance and the Pricing of Mezzanine Loans
Structured Finance and Venture Equity
Two Large Mezzanine Loan Conferences in New York City
Yield Spread Premiums on Commercial Real Estate Loans
It is my understanding that you do not have to have a broker’s license to “Refer” a loan to a commercial bank.
The bank will pay you for your “referral”; usually between 1-2% of the gross loan amount.
You cannot charge the borrower a direct fee without a broker’s license.
I would check your local and state laws to make sure. You might not get a whole lot of help from people who already are brokers because they obviously don’t want the competition. Always double check your sources.
Hope that helps.