Commercial Real Estate Broker?

[freakzi11a]

I was talking to a friend of mine recently who introduced me to the thought of becoming a commercial real estate broker. I am guessing that the prospected increase in real estate interest will hurt the real estate business, but does that go for commercial real estate as well? Would any of you guys also see a future in this business? Thanks

 

[Crox]

Commercial real estate turnover is reliant on strong economic growth, interest rates are used to slow an economy to keep inflation in check, so its kind of inversely related. Someone with an economics degree might explain it better.

Mid-high end commercial turnover is driven buy economic growth, new business start up, companies expanding into a market place, established companies growing and needing larger/better space.

As with most things, if you have connections in the industry, then youve got a foot in the door.

 

[MattTheSkywalker]

like any sales job

a few people make a lot of money

most make a little

you'll always be a salesman and buyers / sellers know you are just that. Also, sales people do not add any value to a deal.

I am a buyer, so I hate salespeople. So I am biased a little. I am also accurate.

 

[SC4EVA]

Matt - Would you agree or not that the market will slow a bit or do you think it will continue

 

[flex229]

i believe that the RE market is in a bubble...interest rates will keep going up, and eventually the bubble will burst...i would hold off on buying anything now...just my opinion, of course.

 

[calveless wonder]

like any sales job

a few people make a lot of money

most make a little

you'll always be a salesman and buyers / sellers know you are just that. Also, sales people do not add any value to a deal.

I am a buyer, so I hate salespeople. So I am biased a little. I am also accurate.

you're also extremely vague. Most successful salesman don't stay as sales people anyways. They usually end up opening their own companies for obvious reasons.

Why do some people not make alot of money? Simple.. usually they don't think outside the box, focus enough on their marketing or don't apply enough effort altogether .

You're also omitting the relationship aspect of sales, depending on the industry. Saying a good salesperson doesn't add value to a deal is an outrageous claim. A good, service oriented salesman with your best interest in mind can completely alter a deal especially in real estate.

don't hate on salesmen

 

[MattTheSkywalker]

Saying a good salesperson doesn't add value to a deal is an outrageous claim. A good, service oriented salesman with your best interest in mind can completely alter a deal especially in real estate.

Not hating, bor, I never hate on people trying to make a living. Real estate is a high friction business, which means it attracts lots of unqualified salespeople too, along with good ones.

I've seen good and bad - I am opening an office in the UK and the brokers are helping. I am trying to buy a condo in Argentina and they are helping there too. Where a buyer has little info, they can be useful.


As to a bubble - the RE bubble is going to be a regional phenomenon. There are a lot of people with adjustable rate mortgages who are going to feel sticker shock in the coming years.

I am personally not buying anymore in S. FL or NY for a while.

 

[Alright123]

Why are you buying a condo in Argentina ?

 

[ZKaudio]

i'm looking into argentina lol... beachfront condo 4 150k... 4 star dinner 5 bux/person next door to the place. Add the great looking girls down there and quality beef and there aren't many reasons to leave.

 

[calveless wonder]

i'm looking into argentina lol... beachfront condo 4 150k... 4 star dinner 5 bux/person next door to the place. Add the great looking girls down there and quality beef and there aren't many reasons to leave.

I hope your spanish is good