Truly Working with Experienced Commercial Real Estate Professionals?
Are you Truly Working with Seasoned & Experienced Commercial & Industrial Real Estate Professionals that Provide Substantial Value Added?
Many Sellers, Landlords, Tenants & Buyers, when first trying to find and exclusively obtain representation with the appropriate Commercial Real Estate Professional as part of their trustworthy/confidential/personal advisory/consultant team have a Myriad of Options and cannot easily and clearly make a choice, unaware of the Many Levels of Skill & Numerous Differences for a final, well made selection of The Most Qualified Commercial Real Estate Broker or Real Property Appraiser for End of Day, lookout of their best interests – Especially Financially.
The chosen Professional Real Estate Representative specialist should not Just be Winging it or selected Due to a simple good word Referral/Recommendation from a friend or family member. Very important to carefully review # of years in business, Experience/Background with the Appropriate Fit for Specific Subject Property Location & Property Type (SFR's to 4 unit Residential vs. 5 or more Multifamily Apartments, Retail, Office, Industrial, Medical, Vacant Land) for Income Producing Real Estate Investments or Owner User properties.
Major Differences of Highly Skilled Commercial & Industrial - Real Brokers vs Real Property Appraisers – Art/Science vs Practice/Theory that Provide Value Added:
Commercial Real Estate Brokers: Takes 10 years to have a solid grasp of what they’re doing due to mandatory necessity of wearing numerous hats – sales ability/negotiator/business development/marketing/advertising, consultant/analyst/researcher, contractor/architect, experience in zoning/development/planning/environmental, lender financing, title & escrow, good business point knowledge of purchase & sale agreements and lease contracts with some background similar to a trusted financial advisor expert such as attorney/accountant/insurance agent. Hands on practical and successful, transactional experience in Sales & Leasing is key with a combination of well supported education/classes.
Commercial Real Estate Appraiser: Takes 5 years to have a good handle of what they’re doing as there is also a need to wear several hats – consultant/analyst/researcher, with other similarities above. In California, state licensing requires 2 years minimum experience with 2,000+ logged in field work hours of actual appraisal reports. For PHD Level MAI – Member of the Appraisal Institute designation an Additional 5+ years on top of general 5 years. Important that there is also practical prior appraising needed, not just theoretical understanding to understand different locations, property types and submarket nuances that can greatly impact values/prices.
Hope the above clarifies and helps you in selecting the right exclusive representation for the right job - the best decision & optimal results.