How do I find a good commercial real estate broker?

Other commercial tenants in your community will be the best source of leads for brokers. Ask businesses if they have engaged a broker and whom they would recommend. Look for tenants who appear to be running a healthy business (chances are that their good business sense was at work when they chose a broker, too).

What are typical commercial broker fees?

In California, it ranges anywhere from 1-6% of the sales price. The standard is 5-6%, but for high-priced properties (i.e. $1+ million) the commission may be more like 4-5%. The amount is negotiated between the seller and listing agent before a contract is signed.

Is there a site like Zillow for commercial real estate?

LoopNet. LoopNet is one of the most recognized CRE search engines. For those more involved in multi family or residential real estate, LoopNet is often considered the Zillow of commercial real estate.

What do top commercial real estate brokers make?

The salaries of Commercial Real Estate Brokers in the US range from $23,400 to $795,620 , with a median salary of $175,561 . The middle 57% of Commercial Real Estate Brokers makes between $175,562 and $381,886, with the top 86% making $795,620.

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How do commercial real estate agents make money?

The amount a commercial real estate Agent receives on a commission is calculated as a percentage of the total commercial property sale price or lease value. While it’s illegal due to anti-trust laws to set a market- or industry-wide standard for commission percentages, most Agents earn anywhere from 4% to 8%.

Does Zillow advertise commercial property?

Zillow doesn’t provide access to commercial real estate listings. They focus on residential real estate like homes and townhouses — not commercial property.

Are commercial real estate brokers Rich?

A good commercial real estate broker has the potential to earn significantly more than $250,000 per year within two years of entering the career path. … We have known and cultivated more than 50 six-figure-earning brokers. The most successful brokers in commercial real estate earn seven figures each year.

What type of real estate makes the most money?

Here are the most profitable real estate specialties, according to the research:

  • Green or Eco-Friendly Properties – $78,672. …
  • Investment Properties – $79,072. …
  • Foreign Investment – $79,706. …
  • Relocation – $90,015. …
  • Commercial Properties – $91,208. …
  • Luxury Properties – $291,000. …
  • Learn How to Earn More in Real Estate.

How long does it take to make money in commercial real estate?

How long does it take to make money in commercial real estate? It can take six months or more for commercial real estate agents to make money from sales as commercial transactions tend to take longer to close than for residential properties.

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