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Rob, Other/Just Looking in West A, Lincoln, NE

I would like to start a career in commercial real estate brokerage, any suggestions on a good firm?

Asked by Rob, West A, Lincoln, NE Sat Dec 15, 2007

I just graduated college and have been interested in doing commercial real estate brokerage in Silicon Valley. I have a few firms in mind but wanted to get the perspective of those already in the real estate business (residential or commercial). Which firms should I consider? Are there any drawbacks with joining a residential firm that also does commercial on the side such as an intero or coldwell banker commercial nrt? I'd appreciate your input! Thanks!

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I think like all things its who you feel comfortable with. you can be sold on a sign in front of your workplace or a corporate identity, but its only a true reflection if what you get out of that job is positive. Interview with smaller firms, large firms. Commercial Lenders. Feel people out, Im sure you will run across an individual that will impress you more than anyone and i don't think where that person works makes a difference. Its a good as place to start as any, and you are always able to move.
0 votes Thank Flag Link Thu Jan 10, 2008
Did you give any consideration to becoming involved with the lending side of the commercial market? It is interesting challanging and there are always unique situations and you will have no problem finding companies that need someone smart working for them as an originator of commercial notes-some might tell you that you should start in the residential arena to begin, but I disagree. I think, that if you have an ability for math concepts and if your sales abilities are decent, you can excell in commercial mortgage finance. I can't help but think of learning to drive a gear shift car as opposed to an auto transmission when I make the comparison between residential and commercial.
When I learned how to drive, I learned on a gear shift to begin with, and now, I can easily do both.
That is a good comparison because, if your brain is immediately introduced to a more complex challange initially, though you may be frustrated at first, you will be better off in the long run having been comfronted immd. with the more complex concepts.
Web Reference: http://www.nvamortgage.com
0 votes Thank Flag Link Thu Jan 3, 2008
Rob, you are approaching the market field in a very intelligent manner and with intelligent questions. As a recent graduate (I would suppose in business, finance or related field?) I would continue my education in real estate by joining a firm that offers to teach you both segments of real estate, residential and commercial. While there are similarities in processing paperwork, dealing with people, and organztional skills that are important to both, commercial real estate is much more complex and demanding. Therefore if you major field of studies was not in one of the above mentioned disciplines, my suggestion would be to acquire additional college or university credits in these three fields. You will need that knowledge in order to proceed toward success. The commercial field requires more research, more discipline and more knowledge. It also requires more patience. As a result, financial rewards in the commercial field are slow in coming and discourage many young realtors from proceeding in this field. As a wise person, I think you know that education will serve you well as you progress in the commercial arena and you cannot be over-educated to function well. As to joining a specific firm, there are several that offer both residential and commercial opportunities under one roof. Check them out, and make your decision after you have spoken to the brokers of the various firms. Hang on to your dream and persevere.
Web Reference: http://www.taxcats.net
0 votes Thank Flag Link Sat Dec 15, 2007
Go with whichever firm offers the best training and guidance. Name doesn't matter. Interview with them all and choose the on you feel offers the best opportunity. Real Esate is about sales. And sales is something you learn. There is a saying, "Good Sales people are born, great ones are trained." There are top producers in every firm got to where you can thrive and be one. Good Luck.
0 votes Thank Flag Link Sat Dec 15, 2007
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