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Updated about 4 years ago on . Most recent reply

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Commercial RE agents

Posted

Hello,

We are just getting started into commercial real estate and I'd like to know if there are any resources on how to choose the best CRE agent? I have a Century 21 CRE agent who'd like me to sign an exclusivity form, but since he's the only person I've talked to so far, I'd like to make sure I know what I'm getting into before signing anything. He seems responsive, knowledgeable, and nice enough, but what else should I be looking for? The problem is, we need to move fast in order to do a 1031 exchange so the temptation is there to sign and move forward. Any thoughts on this topic are welcome.

As a side note, the exclusivity is specific to the state...is it bad form to have an agent working in another state at the same time?  I'm nervous about the time frame for the 1031, and thought it would be beneficial to be able to move quickly in either state based on which has something available during my 45 day window. The area I am considering is on state lines. 

Thanks,

Christine

Most Popular Reply

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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,331
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

Location City? I would not put Century 21 brokerage high on my list of best commercial office, they focus on residential under 4 units.  

At this moment in America it's easy to sell real estate but hard to buy as inventory is very low.

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