What is a commercial real estate agent?
A commercial real estate agent is a licensed professional who specializes in helping people or businesses to buy, sell or rent a property to be used for business purposes. Commercial properties (Cre) include offices, retail spaces, industrial properties, housing complexes and agricultural real estate. Because commercial real estate includes so many different types of real estate that require different types of knowledge, many commercial real estate agents subevalize in one segment. For example, some commercial real estate agents are well familiar with leasing in the office, while others may be experts in buying home complexes.
According to the United States Ministry, every real estate agent must be at least 18 years of age, a high school graduate and pass a written test to be licensed. In general, a real estate agent must also have 30 to 90 hours of class teaching and sponsoring a real estate broker.
Most commercial real estate agents work under the auspices of a real estate broker, which also has a license. Brokers are obliged to have a certain number of years of experience, the amount of experience varies according to the state, has at least 60 to 90 hours of formal teaching and passed a more comprehensive written exam. The Ministry of Labor also suggests that a broker license allows him to sponsor agents and drive his own real estate agency. The industry also requires brokers and agents to keep up with new information and receive further education for the renewal of the license.
Commercial real estate agent is generally paid by the Commission after the agreement, such as signing the lease. Agents who provide multiple services will charge higher commissions that are usually divided into a sponsoring broker. Agents for statement or leasing agents are commercial real estate agents who USULY represent the owner of the property while representatives of tenants are commercial real estate agenThose who represent the tenants. Some agents represent both sides in the transaction. In many cases, the whole committee is paid by the owner of the property.
Commercial real estate agents can be worth their weight in gold to help the tenant's maneuver through the complexity of the process. The best agents first conduct a market research for a tenant who will include items such as the nature of business, the required size and the required location. Based on this information, agents can use their expertise on the market for help to find the best website and also help negotiate a lease.