Agent2Agent in 94597>Question Details

Ca Minnich, Real Estate Pro in Walnut Creek, CA

commercial Real Estate

Asked by Ca Minnich, Walnut Creek, CA Mon Jun 13, 2011

I am interested in getting familiar with commerical real estate.
I have been doing only residential BPOs; and I heard Commercial BPO pays much more.

What do I need to get into commercial real estate?

Such as...
-What kind of membership do I need?
-Do I need to buy any key access?
-What about MLS?

Please help me what step I need to take for learning commercial real estate In CA?

Thank you so much,

Help the community by answering this question:

Answers

5
Hi,

CCIM is the educational starting place. NAR has information on the CCIM courses and designation.
Key access is not a big issue for commercial properties, nor is MLS for the most part. Loopnet.com has many of the listings. Also, most of the big commercial brokerages are hiring and have decent training.

Good Luck
1 vote Thank Flag Link Mon Jun 13, 2011
I would imagine the liability and the workload would be so much greater on Commercial BPO's than Residential REO's.

I would recommend aligning yourself with a experienced broker that can help you with that process. I don't know who you're with as far as your broker of record, but don't start signing up and paying fees to "fake" association and/or education services.
1 vote Thank Flag Link Mon Jun 13, 2011
Here's an event you might want to check out. Commercial REO information.
0 votes Thank Flag Link Fri Jul 8, 2011
Even commercial RE has specialization. You need to be a little more specific. For instance we have two strip centers in So. Cal. One in Temecula and one in Yourba Linda. We also have an 80 unit apartment complex outside of Dallas. We also own beach front property in Leucadia that we are developing into a 5 star boutique luxury hotel and resort. These are not listings for sale. These are properties we own and operate.

We are also looking at purchasing beachfront RV park to redevelop into a year around private residence club as well as some other beach or resort style properties.

So you see there's quite a broad spectrum of commercial RE to choose from. You just need to figure out where your comfort zone is i.e. how much do you want to invest? What are your short and long term goals? Do you want to turn and burn or buy and hold. Give me some feedback and I'll give you some answers.
0 votes Thank Flag Link Thu Jun 16, 2011
I am thinking about going to my own independent broker.
I contacted a few E&O companies for it and I researched my commercial listing provider, such as Loopnet and Costar.

Is there any website I can see the sample of BOV forms? or teach about BOV for free??

Thank you so much
0 votes Thank Flag Link Tue Jun 14, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer