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#345969 - 07/30/10 11:11 AM How to go from Residential to Commercial broker?
DeeVee Offline
Member

Registered: 09/16/08
Posts: 146
Loc: Denver Metro
I have been reading A LOT of posts from Super Realtor who really talks up and encourages commercial over residential. When I was first licensed, I was certain that I wanted to do commercial, but could not get my foot in the door anywhere. It's like it's a "good ol boys" club, and it's all about who you know!

I welcome any advice on ways to break into commercial?

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#346007 - 07/30/10 05:24 PM Re: How to go from Residential to Commercial broker? [Re: DeeVee]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8391
Loc: georgia

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#346204 - 08/02/10 09:19 AM Re: How to go from Residential to Commercial broker? [Re: super realtor]
DeeVee Offline
Member

Registered: 09/16/08
Posts: 146
Loc: Denver Metro
Thanks Super!

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#347058 - 08/08/10 04:31 PM Re: How to go from Residential to Commercial broker? [Re: DeeVee]
EricRE Offline
Member

Registered: 08/06/10
Posts: 243
Loc: Yorba Linda, CA
Very useful link, thanks for sharing!
_________________________
North Orange County real estate specializing in placentia homes for sale, yorba linda homes for sale and brea homes for sale.

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#347985 - 08/15/10 03:14 AM Re: How to go from Residential to Commercial broker? [Re: EricRE]
closeEscrow Offline
Member

Registered: 02/09/10
Posts: 16
Loc: Louisiana
Well I was around the same dilema of going residential or commercial...superRealtor really filled me in and after 5 months of grinding it out strictly in commercial i'm starting to get into the groove. www.CCIM.com would be great intensive training education. pros: don't have to work much on weekends, so much more potiential,deals are going on all season long, and yes its always a relationship business but you have to the knowledge first. Work for a commercial only firm. unlike those resimmercial agents,focus on specializing in one type of property. its takes full time dedication plus ask yourself if you have financial reserves for at least 6-8 months to carry you thru before making any money. Startup cost is expensive for me intially but this is an investment for my future. hope this helps before you take the leap.

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#347989 - 08/15/10 05:45 AM Re: How to go from Residential to Commercial broker? [Re: closeEscrow]
2good4u Offline
Member

Registered: 08/14/10
Posts: 19
Loc: Roseville, California
Thank you Super Realtor

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#350350 - 09/03/10 02:40 PM Re: How to go from Residential to Commercial broker? [Re: 2good4u]
JLNorthOC Offline
Member

Registered: 06/17/10
Posts: 132
Loc: Fullerton
This is great information. I am young in this business and am currently in the residential real estate. I have always thought about commercial.

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#350420 - 09/04/10 11:53 AM Re: How to go from Residential to Commercial broker? [Re: JLNorthOC]
El Luchador Offline
Member

Registered: 05/01/07
Posts: 220
I would think long & hard about trying to get into commercial real estate today. There are some major changes coming down the pike, which could make it significantly more difficult to make good $$ in commercial real estate. Read this article: http://www.costar.com/News/Article.aspx?id=2AF112FB05822C38AEBF3010DEAA60FF

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#350421 - 09/04/10 12:05 PM Re: How to go from Residential to Commercial broker? [Re: El Luchador]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8391
Loc: georgia
It depends on what side of the fence you are on.For sales it's not so bad.

If you are a leasing agent you have had to deal with tenants filing BK,going insolvent,defaulting on the lease,etc. to where you don't get your lease residuals.

If you are on the sales side like I am all money I make at closing and I do my own investing.I can see the most impact to the retail and office sectors.

It hasn't happened yet and is not set in stone. I think there will be changes but the end product will be different from what it is now after heavy negotiations.


I don't know why the government is going after commercial real estate.It's the one thing that can turn the economy around.

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#350545 - 09/06/10 01:03 PM Re: How to go from Residential to Commercial broker? [Re: super realtor]
Atlanta Homes Offline
Member

Registered: 02/12/06
Posts: 132
Loc: Atlanta - Woodstock - Canton
Originally Posted By: super realtor


I don't know why the government is going after commercial real estate.It's the one thing that can turn the economy around.


I 100% agree with you Super Realtor! We need renewed growth in the commercial sector to help increase jobs to get this country back on it's feet. The more barriers and regulation the government throws at us will only hinder the process.
_________________________
Search all Atlanta Real Estate and view listings of over 120,000 Atlanta Homes. View Atlanta Commercial Real Estate for sale and locate the perfect office building, condo, or retail propery.

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