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Commercial agents and everyone in sales and business generation benefit from proper planning, specific goals and making the right calls. Rod Santomassimo, Th…

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Commercial loan broker and seasoned commercial loan officer discusses leveraging private money in commercial lending, the different commercial loans available and the current commercial loan rates at a commercial real estate event in California – thefernandezgroup.com

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I am graduating next year and want to pursue a career in commercial real estate. Do companies especially the big ones CBRE and Colliers hire brokers right out of college? Is it hard for new unexperience brokers to sucede, I know it takes time, but is this a field most change jobs into after making connections.

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Todd Walsh specializes in commercial office, industrial and retail leasing and sales. As a Boulder native, he offers in-depth, personal knowledge of the Boulder County market. Todd has earned his Certified Commercial Investment Member (CCIM), a recognition held by only three percent of commercial real estate agents in the nation. He began his career in commercial real estate in 2003, and has since closed over $50 million in commercial transactions. Staying connected and involved with the Boulder community is important to Todd; he is a member of numerous non-profit and professional organizations.

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My 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

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I am interested in getting familiar with commerical real estate.
I am currently only in residential real estate.

What do I need to get into commercial real estate?

Such as…
-What kind of membership do I need?
-Do I need to buy any key access?
-What about MLS?

Please help me what step I need to take for learning commercial real estate?

Thank you so much,

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Which are the top best commercial real estate firms and residential real estate firms to work for as a broker, considering commissions and benefits? List at least 5 for each.

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How much does the average commercial real estate broker with a decent firm usually make?

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Commercial Real Estate: The Life Of A Broker


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Home Page > Self Improvement > Advice > Commercial Real Estate: The Life Of A Broker

Commercial Real Estate: The Life Of A Broker

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Posted: Mar 05, 2007 |Comments: 0
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A commercial real estate broker provides a service between buyers, sellers, and rental agreements of real estate. Brokers are responsible for managing a team of real estate agents, to assist people in buying, selling, leasing, or renting commercial properties.

Properties handled by commercial brokerages often include office buildings, hotels, apartments, retail, hospitality, shopping centers, and industrial properties. For clients who are building on raw land, brokers can help assist the client in managing the construction process, including inspections, identifying zoning restrictions and building codes, and guidance to ensure that necessary steps are taken to make sure that the building is completed on time, and within budget.

When working for a seller or landlord of a commercial property, the broker has a signed agreement with the client and sets out to achieve the best possible price with the best terms for their client. While a broker is working for the seller or landlord they may also assist buyers in finding a commercial property to suit their needs, and budget. But in these cases there is never a pre-written agreement, on the buyer’s behalf.

In most states, to become a real estate broker, a license is required. This allows the broker to receive money in return for services rendered. It is illegal for a broker to conduct business without a license, unless they are a practicing attorney who is not required to sit for a broker’s license in order to receive a commission.

It is important that those interested in becoming a broker make sure that they look into their respective states guidelines on becoming a commercial real estate broker, as requirements, and regulations can differ significantly between states.

In many states, licenses are issued for a certain time frame. After that, the broker is required to complete further education to renew their licenses. These further education requirements are especially important to make sure the broker is kept up to date with real estate law updates, and changes in the industry.

How To Become A Real Estate Broker
Brokers usually start out as real estate agents. This is where they gain their industry experience, and then decide to become a licensed commercial real estate broker. In order to get a broker’s license, the real-estate agent must pass a brokers state exam, as well as complete some course work, or training. Usually, after receiving accreditation, the broker will either continue to work for another broker, as an associate broker, or start a business of their own where they will manage a team of real estate agents.

Brokers, who have their own brokerage business with real estate agents to manage, must have a very good working knowledge of legal procedures, and requirements. It is their job to educate, and advise both their real estate agents, as well as clients who come to them for advice on commercial selling, rental, or building.

What Services A Commercial Broker Provides
A broker will offer services such as an estimated value of a property, marketing of that property, and assistance to a buyer, or seller with the purchase, lease or sale of a property. Brokers may be called upon to provide for sale by owner (FSBO) document preparation, and paperwork, but in commercial properties this is much less of an occurrence than with privately owned residential properties.

A broker will also offer guides to property owners on how to sell, or rent their property, and assist with property management process. A broker will often fill out the paper work needed to sell or rent a property, although they are not given the authority to sign papers on behalf of their clients.

Commissions
Commercial Brokers receive a commission from the sale of a property. This is usually an agreed percentage of the sale price or part of the monthly rental income from the landlord. Brokers in the commercial industry must be very competitive, and have a good knowledge of their local area to make a sound income. But with these skills, there are definite monetary rewards offered to brokers. According to statistics the majority of commercial real estate brokers are on an annual income above $42,000 per annum, while some are earning a six figure income.

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Tony Seruga, Yolanda Seruga And Yolanda Bishop
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Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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Home Page > Finance > Real Estate > Need Of Commercial Real Estate Broker

Need Of Commercial Real Estate Broker

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Posted: Oct 06, 2009 |Comments: 1

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Are you looking for leasing or selling your commercial real estate? Commercial real estate transaction might not be an easy task for you. First and foremost you will have to prepare your commercial real estate for selling or leasing objective. For instance if you have a wide stretch of land or an industrial space set up, then you can go ahead with leasing.

Industrial space for lease:

Before you place your industrial space for lease in the market, brush up you commercial real estate knowledge. It is always advisable to allow the professionals take charge of something that involves a huge amount of money. Hence take help from a real estate broker. Never select a broker randomly, instead interview many and choose the most efficient one who can escort you safely through this journey. Talk face to face and find out whether he has prior experience with the similar business. Clearly specify your needs, tell him what you want. The most important part is that you should feel comfortable in his or her company.

The reason why we should be selective about choosing a broker is, a good knowledgeable broker can evaluate the property and help you set a proper price for your industrial space for lease. Moreover, he can help you with some good advice and tools.

A good commercial real estate broker can really make a significant difference in your industrial space for lease dealings. Usually a well experienced commercial broker knows his business in and out. So he can analyze your property and compare it with the market for better return.

Inquire about which professional trade association he is associated with. Apart from the other benefits of being associated with trade association, it helps to establish a wide spread network. This network can help your commercial real estate broker reach the right person who can offer something more than your expectation.

A good commercial real estate broker will first counsel the person in search of industrial space for lease. Let the broker negotiate and handle the deal. An expert real estate broker is good at solving all difficult problems that might crop up before closing the deal.

Industrial space for sale:

As mentioned before, a good commercial real estate broker can do magic. For preparing your industrial space for sale you will require a professional help to give you effective advice. When you are at the verge of selling your commercial real estate, don’t try to wrap up the deal hastily. Take your time and discuss with your commercial real estate broker.

If at any point you find that the broker is not applying the best practice while dealing with your project, look for a substitute. Sometimes, some commercial real estate brokers pay less attention to relatively smaller deals. In such a case it is better to look at other options.

You may find a commercial real estate broker through referral or from real estate websites. Begin the search by asking people associated real estate related business. A banker also can be a great resource for identifying a good commercial real estate broker.

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Samantha Matthews
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ForSaleForLease has made a brilliant career in commercial real estate and thus has learnt the trade secrets of preparing an industrial space for lease and industrial space for sale for enhanced profit.

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commercial real estate, industrial space for lease, industrial space for sale

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1. Monica 09/08/2010

I know of a great commercial real estate company. T. Dallas Smith & Company. They are local, and are well-established. I have referred several candidates to them, and they have all been competely satisfied with their professionalism. Check out their website at www.tdallassmith.com. Tell them Portia sent you, and Good Luck!

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ForSaleForLease has made a brilliant career in commercial real estate and thus has learnt the trade secrets of preparing an industrial space for lease and industrial space for sale for enhanced profit.

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