|
|
#186194 - 12/08/07 05:48 PM
Re: How many of you do both Residential and Commercial?
[Re: Cool guy]
|
Major Contributor
Registered: 07/01/99
Posts: 4785
Loc: Knoxville, Tennessee, Knox Cou...
|
It depends on where you are. A lot of smaller town Realtors do both because that's what they have to do to make a living. In larger cities the 2 specialities tend to be separate, i.e. you're either a residential agent or a commercial agent. An excellent commercial designation that will teach you a lot about commercial real estate is the CCIM
|
|
Top
|
|
|
|
|
#186232 - 12/08/07 11:40 PM
Re: How many of you do both Residential and Commercial?
[Re: Watermark]
|
Veteran Member
Registered: 03/20/07
Posts: 1090
Loc: South Carolina
|
I have the ccim designation in my sights. You can take the classes just for the education but I plan on taking at least intro and the first set. I do mostly residential but I have a client thats looking for a small commercial space if he can get the financing squared away. That would be my first commercial deal. Just read and read and google and read and buy, checkout, etc. and read.
Edited by Merkaba (12/08/07 11:43 PM)
_________________________
Realtor Extraordinaire, ABR, E-Pro
Keller Williams Realty
Upstate South Carolina
|
|
Top
|
|
|
|
|
#186244 - 12/09/07 03:33 AM
Re: How many of you do both Residential and Commercial?
[Re: Jim Lee]
|
Major Contributor
Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
|
In larger markets commercial is further split into several specialties. CCIM is great if you intend to deal in investment properties. If you plan to specialize in retail a CCIM will do nothing for you. I have a friend that strictly does retail properties and reps for several national clients on store developments. SIOR is best if you intend to specialize in leasing and office properties. For land it is the ALC. It depends on where you are. A lot of smaller town Realtors do both because that's what they have to do to make a living. In larger cities the 2 specialities tend to be separate, i.e. you're either a residential agent or a commercial agent. An excellent commercial designation that will teach you a lot about commercial real estate is the CCIM
_________________________
Paul Oaks
Oaks Real Estate Group
|
|
Top
|
|
|
|
|
#186251 - 12/09/07 08:31 AM
Re: How many of you do both Residential and Commercial?
[Re: Watermark]
|
Veteran Member
Registered: 03/20/07
Posts: 1090
Loc: South Carolina
|
I'm getting ready to take the land 101 class from the alc online. The classes are so spaced out for me in my location. sometimes four or more hours away.
_________________________
Realtor Extraordinaire, ABR, E-Pro
Keller Williams Realty
Upstate South Carolina
|
|
Top
|
|
|
|
|
#186295 - 12/09/07 03:16 PM
Re: How many of you do both Residential and Commercial?
[Re: Merkaba]
|
Veteran Member
Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
|
I was told by the guy I just interviewed with that CCIM teaches you how to use a calculator and that's about it.
_________________________
Adam Clarke Commercial and Residential Lending Specialist access commercial finance Direct: (951) 318-1162 Small Business Success
|
|
Top
|
|
|
|
|
#186307 - 12/09/07 05:50 PM
Re: How many of you do both Residential and Commercial?
[Re: Prodigy]
|
Major Contributor
Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
|
I have completed 3 of the CCIM classes and you will learn far more that use of a calculator. Does this guy you interviewed with have his CCIM. I know at least 2 that swear it is well worth it not only the knowledge but getting to know other CCIM candidates and you will get referrals that will more than pay for the expense. I specialize in investment properties so it is a benefit for me. I was told by the guy I just interviewed with that CCIM teaches you how to use a calculator and that's about it.
_________________________
Paul Oaks
Oaks Real Estate Group
|
|
Top
|
|
|
|
|
#186324 - 12/09/07 08:10 PM
Re: How many of you do both Residential and Commercial?
[Re: super realtor]
|
Veteran Member
Registered: 03/20/07
Posts: 1090
Loc: South Carolina
|
I sure didnt! Didnt even know about it. But thanks and I will check out what I can now. Reggie did you attend the virtual online commercial convention from NAR recently?
If not no worries just visit the RCA commercial alliance page and you can enter the show it's free.The show is closed now but you can go in and look at the booths and listen to the speakers as they have them on archives you just won't have live represetatives in the virtual booths.
Check out Jim Gillespie's booth on commercial.He ia a trianer in commercial and offers over 300 articles free from his site.
good luck
_________________________
Realtor Extraordinaire, ABR, E-Pro
Keller Williams Realty
Upstate South Carolina
|
|
Top
|
|
|
|
|
#186349 - 12/09/07 10:58 PM
Re: How many of you do both Residential and Commercial?
[Re: Paul Oaks]
|
Veteran Member
Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
|
I have completed 3 of the CCIM classes and you will learn far more that use of a calculator. Does this guy you interviewed with have his CCIM. I know at least 2 that swear it is well worth it not only the knowledge but getting to know other CCIM candidates and you will get referrals that will more than pay for the expense. I specialize in investment properties so it is a benefit for me. I was told by the guy I just interviewed with that CCIM teaches you how to use a calculator and that's about it. Doubt he has the designation, but he did say it was worth it and very important to my career. Maybe he was just referring to the intro class.
_________________________
Adam Clarke Commercial and Residential Lending Specialist access commercial finance Direct: (951) 318-1162 Small Business Success
|
|
Top
|
|
|
|
|
#190321 - 01/01/08 10:56 PM
Re: How many of you do both Residential and Commercial?
[Re: Paul Oaks]
|
Veteran Member
Registered: 03/20/07
Posts: 1090
Loc: South Carolina
|
I have completed 3 of the CCIM classes and you will learn far more that use of a calculator. Does this guy you interviewed with have his CCIM. I know at least 2 that swear it is well worth it not only the knowledge but getting to know other CCIM candidates and you will get referrals that will more than pay for the expense. I specialize in investment properties so it is a benefit for me. I was told by the guy I just interviewed with that CCIM teaches you how to use a calculator and that's about it. How was the content paul? I can pretty much make it through anything, but do you think it was hard, challenging, etc...boring, bland, etc?
_________________________
Realtor Extraordinaire, ABR, E-Pro
Keller Williams Realty
Upstate South Carolina
|
|
Top
|
|
|
|
|
#190340 - 01/02/08 01:25 AM
Re: How many of you do both Residential and Commercial?
[Re: Merkaba]
|
Major Contributor
Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
|
CCIM is not like your typical BS CE classes. These will force you to work and you will definately learn the subject matter. Take the classes in a different state if possible as that way the people you meet can be a source of referrals instead of competition. I took one in vegas...nothing like a vegas trip as a tax deductible expense. I have completed 3 of the CCIM classes and you will learn far more that use of a calculator. Does this guy you interviewed with have his CCIM. I know at least 2 that swear it is well worth it not only the knowledge but getting to know other CCIM candidates and you will get referrals that will more than pay for the expense. I specialize in investment properties so it is a benefit for me. I was told by the guy I just interviewed with that CCIM teaches you how to use a calculator and that's about it. How was the content paul? I can pretty much make it through anything, but do you think it was hard, challenging, etc...boring, bland, etc?
_________________________
Paul Oaks
Oaks Real Estate Group
|
|
Top
|
|
|
|
|
#190539 - 01/02/08 09:44 PM
Re: How many of you do both Residential and Commercial?
[Re: Paul Oaks]
|
Veteran Member
Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
|
I took one in vegas...nothing like a vegas trip as a tax deductible expense. Genius...
_________________________
Adam Clarke Commercial and Residential Lending Specialist access commercial finance Direct: (951) 318-1162 Small Business Success
|
|
Top
|
|
|
|
|
#190897 - 01/04/08 06:24 PM
Re: How many of you do both Residential and Commercial?
[Re: Paul Oaks]
|
Member
Registered: 01/04/08
Posts: 65
Loc: Nevada, USA, Reno
|
I have noticed a lot of residential agents in my area don't really understand the commercial markets. With Google and forums like this, it is only a question or two away. However if you don't understand the basics like what a NNN lease is, then it is probably time to work with someone that HAS done the commercial stuff to learn the basics.
It is a pet peeve of mine when other agents are representing their clients' interests and don't really understand the basics about the asking terms.
_________________________
Earl Peterson Stark & Associates Commercial Real Estate Office, Industrial, Retail & Investment Properties Reno, Sparks & Northern Nevada www.starktcn.com
|
|
Top
|
|
|
|
|
#191519 - 01/07/08 07:15 PM
Re: How many of you do both Residential and Commercial?
[Re: Watermark]
|
Member
Registered: 01/04/08
Posts: 65
Loc: Nevada, USA, Reno
|
I wouldn't disagree... hence the recommendation to work with an agent that specializes in commercial. I still learn something everyday in this business after doing it (strictly Commercial)for over three years.
However, it helps that I work in an office with mentors rather than adversaries.
At the end of the day it is about servicing the client's needs, but everyone has to start somewhere.
Edited by StarkRealEstate (01/07/08 07:17 PM)
_________________________
Earl Peterson Stark & Associates Commercial Real Estate Office, Industrial, Retail & Investment Properties Reno, Sparks & Northern Nevada www.starktcn.com
|
|
Top
|
|
|
|
|
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
|
|
Registered: Today at
Posts: 1
|
|
|
Previous Topic
Index
