Answers
Also what is the difference between an "agent" and a "broker"..
And is it better to do commercial real estate or residential?
Thanks!
Agent works for a broker and has less requirements to get licensed. A broker can do anything real estate related, including loans in California and commercial real estate. As to which is better, it depends on you and what you like.
Checkout this website:
http://www.retrainers.com/
Regards
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What is the course/experience requirements to obtain a commercial real estate broker license in Texas?
This ought to help.
http://www.trec.state.tx.us/licenses/def ault.asp
Texas Real Estate Commission
Licenses
How to Become a Licensed . . .
Become a Licensed Real Estate Salesperson
Become a Licensed Individual Broker or Corporate or LLC Broker
Become a Licensed Real Estate Inspector
I am a finance major and I was interested in becoming a commercial real estate broker.. Is this a hard job to obtain?.. Is it hard to succede at?... what is the salary range for most brokers?
Hard to become a broker...not really.
Hard to succeed...depends on you.
Make no mistake, this is hard work. Networking, selling, cold calling, canvasing, etc., be prepared to work and not necessarily make any money for the first few months. I didn't get a check for the first 8 months I was in the business.
If you work hard and have a good mentor, you can avoid a lot of mistakes and save some time. Find a firm that is willing to invest some time to train you and make sure you are part of a selling team. It will make things a lot easier.
The income can be enormous...I know more than a handful of guys in my market (Long Island) who make well over a million dollars per year. Lots of brokers here make between $100,000 - $300,000. But remember, it's all commission (you eat what you kill)
Good luck!
Ralph Benzakein
whitman-realty.com
I am wondering whether it would be best to take a commercial real estate broker position in Sacramento or San Francisco? Which market do you think will provide the most opportunities in the long-run? The positions are at the same firm, by the way.
Thanks for your help!
In response to MC Wife, this is actually for investment sales. More specifically an intern position. Sorry, I should have given more details. I'm assuming that you feel the SF position is a better option for investment sales judging by the way you phrased your answer? Thanks for your all your help and input everyone, appreciate it!
San Francisco, if you are serious about making the big bucks.
Sacramento is really hurting financially right now.
I live in northern California and know both areas well.
P. S. Below, is the latest reason why you should NOT do business in Sacramento!
I am graduating next year and want to pursue a career in commercial real estate. Do companies especially the big ones CBRE and Colliers hire brokers right out of college? Is it hard for new unexperience brokers to sucede, I know it takes time, but is this a field most change jobs into after making connections.
I worked in both a commercial and residential real estate offices, each for around 5 years, in a support position. I will say that in both places, there wasn't much turn over. Not many "new brokers" that came on at either place. They were all VERY competitive! Good luck to you!
As a P.S. to your question...
I do have something you could start RIGHT now, while finishing school, and it would give you a great start to any career from the self development point of view. If interested .. check out my website at....
lmilner.worldventures.biz
click on presentation
Chairman and CEO of Gatski Commercial Real Estate Services
It’s an industry under assault, and Frank Gatski is right in the middle of it.
Gatski is chairman and CEO of Gatski Commercial, a property management firm that is looking for the next wave of opportunities in an industry with higher vacancy rates, lower rents and property owners at risk of foreclosure.
Gatski, 45, is reshaping his company to get through the recession.
IBLV: How did you get involved in commercial real estate?
Gatski: My ancestors were either coal miners or Greek fishermen. How did I end up in Las Vegas doing commercial real estate? I had a burning desire to pursue my own business, and real estate always fascinated me. I went to UNLV for a couple of years, but never finished college. I got my real estate license in my early 20s and got involved in the business. I starved to death for a couple of years. My first year, I made about $8,000. I was lucky enough to get a property management job with the Tiberti family and really cut my teeth in the business there. That was almost worth a college education. I learned a lot about the commercial real estate business.
Commercial real estate emerges from the slump, says IPD
The unqualified carry back to investors, including return as well as main intumescence, was 3.4% over the fourth, up from -2.2% the above division, bringing the 12-month carry back to -18.2%. In self-styled terms, these figures act for present oneself the first distend in cap values and practical returns for UK commercial possessions investment since the b billet of 2007.
News
New Commercial Real Estate Accounting Rules: Cooking The Books24/7 Wall St. (blog) - Oct 31, 2009
DSNews.comNew guidelines for examining commercial real estate loans issued by the FDIC appear to allow examiners to go easy on banks as they account for what would be US bank regulators warn on commercial real estateNew fed guide on commercial real estate loan modsBanks Get New Rules on Property - -all 143 news articles »
Las Vegas Sun - Oct 31, 2009
IBLV: How did you get involved in commercial real estate? Gatski: My ancestors were either coal miners or Greek fishermen. How did I end up in Las Vegas Ross, Icahn expect a commercial real estate crashall 7 news articles »Wall Street Journal - Oct 30, 2009
ABC News Timothy Geithner Thursday expressed confidence that the deepening problems of the commercial real-estate sector wouldn't drag the economy back down. Geithner Says Commercial Real Estate Woes Won't Spark CrisisGeithner welcomes saving and doesn't fear real estate collapseTsy's Geithner: Commercial Real-Estate Woes Will Not Drag Econ Dnall 884 news articles »
Wall Street Journal - Oct 31, 2009
Yahoo's Real Estate Plans Show Large Ambitions the Yahoo campus "has got to be the biggest one cooking," said Jim Beeger, a commercial real estate broker with Colliers International in San Jose. and more »Seattle Times - Oct 31, 2009
Local real-estate agents make shopping for a foreclosed home easier with tour bus service. By Jane Hodges Darcy Shurin, a small investor from Kirkland, and more »