Are you looking for a career that is both challenging and rewarding? Then a career as a commercial real estate broker may be the perfect fit for you. Read on to Learn about the Commercial Real Estate Broker Job Description responsibilities and duties of a commercial real estate broker.
A commercial real estate broker is a professional who specializes in the buying, selling, leasing, and renting of commercial properties. They are experts in the field and possess knowledge of local market trends, legal regulations, and negotiation skills.
What Does a Commercial Real Estate Broker Do?
- A commercial real estate broker’s main responsibility is to help buyers and sellers of commercial properties make informed decisions.
- This includes researching the local market to determine property values, preparing legal documents for transactions, providing advice on investment strategies, negotiating contracts, and managing communication between all parties involved in the transaction.
- Additionally, brokers are often responsible for marketing their listings through print ads, online campaigns, and other methods.
What Are The Requirements to Become a Commercial Real Estate Broker?
- To become a successful commercial real estate broker requires dedication and hard work.
- Most states require that brokers obtain a license before they can practice professionally.
- To qualify for licensure candidates must have completed an approved pre-licensing coursework program;
- Passed an examination; provided proof of experience; and met any additional criteria set by their state or licensing board.
- In addition to formal education requirements most employers look for individuals with strong communication skills
- Analytical abilities; knowledge of computer software programs such as Microsoft Office Suite
- Understanding of finance fundamentals; familiarity with basic real estate principles such as zoning laws
- Excellent customer service skills;
How Much Does A Commercial Real Estate Broker Make?
- According to the US Bureau of Labor Statistics (BLS) data from 2019, the median annual wage for real estate brokers was $60,370 per year or $29 per hour.
- The highest 10% earned more than $125K annually while the lowest 10% earned less than $26K yearly
- Salaries vary depending on experience level or geographic location but typically increase with time spent in the industry or working at larger firms with higher commission rates.
Commercial Real Estate Broker Job Description
We are a commercial real estate firm that has been in business for over 50 years. As we are headquartered in Los Angeles, but have brokerages all throughout California. We specialize in handling all types of commercial real estate transactions, including leasing, sales, and property management.
Job Description:
- Act as the exclusive agent for the owner in marketing and leasing their properties
- Conduct market research to determine the best pricing strategies for properties
- Negotiate leases with potential tenants on behalf of the property owner
- Manage the day-to-day operations of properties under their control, including maintaining relationships with tenants and addressing any maintenance issues that may arise
- Keep abreast of changes in the commercial real estate market and share this information with clients to help them make informed decisions about their investments
The Successful Applicant:
- Must be a licensed real estate broker in the state of California
- 5+ years of experience working as a commercial real estate broker
- Extensive knowledge of the Greater Los Angeles area’s commercial real estate market
- Strong negotiation skills
- Excellent communication and customer service skills
Offer Details:
- Competitive salary + commission
Commercial Real Estate Investment Sales Broker Job Description
We are a full-service commercial real estate brokerage firm that has been in business for over 30 years. We have a team of experienced brokers who specialize in the sale of investment properties, including office buildings, retail centers, industrial warehouses, and multifamily apartments. Our goal is to provide our clients with the highest level of service and expertise in the industry.
Job Description:
- Act as the primary point of contact for clients during the sales process
- Generate new leads through networking and market research
- Cold call potential clients to introduce them to our services
- Conduct property tours and coordinate showings with interested buyers
- Negotiate purchase contracts and oversee due diligence activities
- Manage the escrow process and coordinate closing activities with all parties involved
- Stay up to date on market trends and developments to better advise clients
- Achieve monthly sales targets set by management team
Successful Applicant:
- A minimum of 2 years’ experience working as a commercial real estate broker
- A proven track record of successfully closed deals – Strong communication and negotiation skills
- A bachelor’s degree in business, real estate, or a related field
- A current real estate license
- Must be willing to work long hours and weekends when necessary
Offer Details:
- This is a full-time position that offers a competitive salary plus commission. Benefits include health insurance, 401k, paid vacation days, and sick days.
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Commercial Real Estate Broker Job Description template
We are a leading commercial real estate firm that has been in business for over 50 years. We have a team of experienced brokers who specialize in all types of commercial real estate transactions, including office, retail, industrial, and investment properties.
Job Description:
- Act as the primary point of contact for clients during the transaction process
- Conduct market research to identify trends and opportunities
- Negotiate leases and sales contracts on behalf of clients
- Manage the due diligence process for potential transactions
- Prepare marketing materials and listing information for properties
- Coordinate showings and open houses for properties
- Attend industry events and networking functions to build relationships with potential clients
The Successful Applicant:
- In order to be successful in this role, you must have previous experience working as a commercial real estate broker.
- You must also be highly organized and detail oriented, with excellent communication skills.
- Additionally, you must be able to work independently and be self motivated.
Offer Details:
- This is a full time position with a competitive salary and commission structure. Benefits include health insurance, 401k, and paid vacation days.
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Commercial Real Estate Broker Job Description sample
We are a national commercial real estate firm who specializes in the leasing and sale of office, retail, industrial, and land properties. We have a team of over 200 brokers across the country who work together to provide our clients with the best possible service.
Job Description:
- Act as the primary point of contact for clients throughout the leasing or sales process
- Negotiate lease or purchase contracts on behalf of clients
- Conduct market research to identify trends and opportunities
- Prepare property marketing materials such as brochures and website listings
- Manage broker databases and maintain relationships with industry contacts
The Successful Applicant:
- Must have a valid real estate license in the state where they will be working
- 3+ years of experience as a commercial real estate broker preferred but not required
- Excellent communication and negotiation skills
- Strong analytical ability
- Ability to work independently and take initiative
- Must be detail oriented and organized
Offer Details:
- Salary is negotiable depending on experience
- Full benefits package including health insurance, 401k, etc.
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Conclusion:
If you’re interested in pursuing a career as a commercial real estate broker then you should know what it takes to become one – licensure requirements based on your state’s regulations, superior customer service skills along with analytical abilities & knowledge of finance & basic real estate principles
Pursuing this career path will undoubtedly provide many rewards along with challenges—but ultimately it can be very rewarding if you put in the hard work necessary to succeed!