How To Become A Commercial Real Estate Agent?

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Published 2021-06-21
Welcome to my channel and in today’s video, I am going to answer the question "How To Become A Commercial Real Estate Agent?".

▶️ Visit to know more: www.raphaelcollazo.com/

Each week, I answer questions asked by our viewers on topics pertaining to commercial real estate. If you're interested in having your question answered, feel free to email me.
▶️ [email protected]
▶ With the subject line of "Weekly CRE Question"

In this video, I highlight how to become a commercial real estate agent and what steps you need to take to break into the industry. 🏦

To start, some of the pre-requisites to securing a role as a commercial real estate agent include:

✔ Securing your Real Estate License.
✔ Preferred (not required) - Some College or Bachelors's Degree.
➖ Having a Degree in Business, Finance or a Technical Field is a plus.
✔ A strong interest in business and investments.
✔ Being comfortable with numbers.

Along with these pre-requisites, you should also consider the culture of the brokerages you will be interviewing with. 👩‍🏫

Some of the relevant questions include:

✔ Do you prefer to be in a corporate environment?
✔ Do you function best as part of a team or solo?
✔ Do you prefer to be in the office from 9-5 pm?
✔ How much creative liberty do you want to have?

Also, large brokerage and small (boutique) brokerages have many differences. ⚖

Below I've provided a list of a few:

☑ Big brokerages tend to work on the largest deals (i.e. $100 mm office building, 1,000,000 SF industrial property etc.)

☑ However, you often get a smaller piece of the pie and are usually pigeonholed into a particular property type.

☑ Boutique brokerages don't typically secure the behemoth listings.

☑ However, the commission splits are often lower and you're able to work on deals in multiple property types.

Finally, when you're seeking commercial real estate opportunities, it's important to leverage your network.

Some ideas include:

✅ Tell your friends, family, and acquaintances you’re looking to break into the industry and ask them if they know anyone they could introduce you to.

✅ Attend meetings/meetups where commercial real estate agents congregate (i.e. ICSC, ULI, Exchangers, CCIM, etc.)

✅ Reach out to CRE professionals via LinkedIn and set up a time to speak with them over the phone.

Through this consistent effort, you'll be in the business in no time!
🙌

If you're interested in buying, leasing, or selling commercial real estate, I'd be happy to help! I look forward to helping you reach your real estate goals!

If you like the video, please SUBSCRIBE, and don't forget to press the bell 🔔, 👍like, comment and share. Stay safe and Love all.
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▶️ If you're interested in leasing, buying, and/or selling commercial property in the Louisville metro area, I would love to help!
▶️ Check out my Website: www.raphaelcollazo.com/
▶️ Email me: [email protected]
▶️ Call/Text me: 502-536-7315
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▶️ Commercial Real Estate Investment Analysis:
To watch a great video on how to analyze commercial investment deals, check out the link provided here: bit.ly/2GwuSXX

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All Comments (21)
  • @RaphaelCollazo
    What's your biggest takeaway from the video? I'd love to hear your feedback!
  • Oh, you forgot to include the government route, particularly with a Federal government agency like GSA, they have a real estate division that does the management, leasing, and selling of government-owned real estate. HUD Housing and Urban Development is another avenue for commercial residential multi-family. Now working with HUD and the GSA will limit you to a salary but it's a good strategy for building your network and you can earn while you learn. State and local municipalities have opportunities also in the affordable housing niche market. You might not get a chance to work deals for other asset classes like retail and industrial but this still may be a great start. JMO
  • @jawadfwz
    Thank you for explaining it so well in such a brief short video. I had to like and subscribe right away😉 I'll be renewing my Re lic soon in S. Cal and really have the Full desire to get into CRE right away!
  • @jrutledge713
    In this video I learned a lot. Thank you. You will beat great coach.
  • @modzforbob
    Great video. As someone who was well connected to a lot of people in the cre world in Texas, what you said is good advice and exactly what I did to get into the larger firms. My advice would be to start at a larger firm if possible because there is not enough training that goes on at alot of the the smaller firms and then if you want to go the boutique route later down the road, you will be prepared to do so. But again I understand this is not the case for everyone.
  • @nevertime1246
    Glad I found you! I'm a new realtor in CA, looking to eventually get into commercial
  • @Izzy-qf1do
    Great video. I also enjoy your podcasts.
  • @pamonpurpose
    Thank you for this video. I am a new agent in south Florida and extremely interested in commercial. I come from a city planning and zoning background and commercial real estate has always been something that I wanted to do.
  • @richardhazen7744
    Today I started the process of leanring about Commercial. This is the first video I have watched. I like the breakdown between Botique and Big Box company's. Good stuff! Great idea to network with who you know to pick their brains!!
  • @pamonpurpose
    My biggest take away is that networking is key in this particular niche in real estate.
  • @JoeR.3221
    Hey Raphael, Thanks for the great advice! I am totally new to the idea of real estate and wondering if brokerages pay their agents some type of a base salary along with commission?
  • @sarilorraine573
    Honestly, one the best videos with great advice that is actionable. I am a Miami Native and Registered Nurse that got into residential RE in 2018 and full time in 2020 and have taken a break from nursing since then. I just moved to Huntsville and am looking to get into CRE. I just became a member of CCIM and NALCOM and taking my first CCIM this month. Looking into joining the chamber of commerce for this area as well as ULI. Hope to get into a brokerage soon
  • @kenji_ignacio
    Great video. I went from resi brokerage to a principal/buyside role in CRE and overall commercial is just more interesting. I'm considering getting another license in a state we're purchasing property in. On top of the acquisition fee I get from sourcing/underwriting deals, I'm wondering if I can be an exclusive buyer broker to get part of the commission too. Have you witnessed other buyer brokers exclusively representing principals this way? Curious on what your thoughts are with this...