Role of a Commercial Real Estate Agent

July 8, 2012 by  
Filed under Commercial Real Estate Tips

commercial real estate brokerage firms
by YoTuT

Role of a Commercial Real Estate Agent

Career as a commercial real estate agent has now become very popular in these days. After taking the required courses and passing the licensing exam, you can specialize in dealing with the buyer’s end or the seller’s end of commercial transactions. In addition, you can lawfully manage commercial properties for a fee and assist potential clients in determining the financial potential of buying or selling commercial real estate.

Contact a commercial real estate brokerage that you would like to work with. A new real estate agent must work under the license of a qualified real estate broker for a specified amount of time, usually two years, during which you will be monitored and your performance rated. Choose a brokerage that handles a fair amount of commercial real estate. Since some brokerages handle little or no commercial property, your chances of landing a commercial client depend upon your agency’s dedication to business-related transactions.

Pay the necessary dues required by your brokerage.

There are various real estate governing entities, and the general rule is that every agent in an office must belong to all the memberships held by that particular office. These include the National Association of Realtors (NAR) and local multi-listing real estate boards and specialized memberships such as a Certified Commercial Investment Membership

Continue your education in the commercial real estate field by signing up for ongoing courses through your brokerage. After you become a licensed real estate agent and dedicate the bulk of your time to commercial transactions, you’re still not done. State licensing agencies require additional education that you have up to two years to complete. While some of it is based upon general real estate, you may select commercial real estate classes to fulfill the optional portion of your educational requirements.

Business research is fundamental for investment analysis. The business profile tells the investment analyst what the business does and provides a little history about the company; however, financial data is needed to assess the financial viability of the firm. While you can obtain financial data from several sources, the most reliable source is straight from the company. The Securities and Exchange Commission acts as a regulating agency to ensure these documents are published and are accurate and reliable.

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