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• How do I get in the commercial real estate industry?
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I am 22 years old and looking to get in the commercial real estate industry, preferably the leasing aspect. What would be fundamentally required for a person as young as me to be even considered for a job in a large commercial real estate firm? Considering I have a real estate agents license, what else would be needed or would interest a company in hiring someone so young? In other words, how can I get my foot in such an industry, thus giving me a chance to work my way up?
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• How much commision do commercial real estate agent make and do they make more then residenyial agents?
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At first i was thinking of becoming a residential real estate agent but then, someone told me about commercial real estate and i was wondering would that be a better career choice and does it work the same as residential. If so, that would be major commision on a $40 million building and that would be a better route i would love to take.
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• How is the commercial real estate market doing currently in Chicago?
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I'll be graduating from college this May and I'm hoping to get into real estate development or commercial real estate. Is the commercial market currently as shaky as the residential market?
Thanks
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• What is pricing structure for commercial real estate brokers?
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Is there a range of commissions or fees most commercial real estate brokers use? For example residential real estate varies but is between 5-7% depending upon the area of the country.
Could someone provide a rough outline of commercial real estate broker pricing?
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• What background do you need to work in commercial real estate?
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I want to work in commercial real estate. I am working in Hotel Management at the moment, but think commercial real estate is interesting. Im young enough where a career change is not out of the question. What types of things do employers look for? Is there a high demand for people in commercial real estate?
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• Are commercial real estate prices destined for the same fate as what's happened in the housing market?
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The CMBS market is paralyzed and the CMBX says prices will fall 23 percent over the next three years. There are a lot of interest only commercial real estate mortgages in CMBS portfolios and many will begin amortizing this year. If a recession is upon us and those borrowers can't meet their debt service requirements under the new amortization - it seems to me we have a repeat of what is happening in the subprime universe.
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• How much does the average Commercial Real Estate Agent make per year?
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I am wondering specifically about Commercial Real Estate Sales Agents/Brokers, not Residential. Also if you happen to know stats about Commercial Real Estate income for Californian Commercial Realtors, that's a plus.
But any info from any state would be helpful!
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• What is the process to get into commercial real estate in california ?
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I am getting my real estate license as an agent (sales person) soon and i want to get into commercial real estate. Im trying to find out the process of getting into commercial as in what license it requires, certificates, and anything else of that nature
Any tips would be greatly appreciated
Thank you for your help
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• How bad will the commercial real estate crisis be that starts next year?
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A trillion dollar commercial real estate crisis will begin to unfold in 2010, when short term loans must be refinanced, yet commercial property values have plummeted.
As many as 500 regional banks may fail as commercial loans default, and the FDIC only has 10 billion left to cover insolvent banks. Compounding this Deuthsche Bank forecasts that 48% of home mortgages will owe more than the home is worth by the end of 2011.
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• How long does it take to get a commercial real estate license?
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Can you simply go to one of those week-long real estate schools like residential real estate licensing? And what are the qualities that help a person succeed in commercial real estate sales? Is this a young person's game? Can you start and succeed at middle age? Would like to bank 70k-100k? Is this reasonable?
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