This post originally appeared on tBL Member, Sperry Van Ness Graham Langlois Legendre's SVN GLL News Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.//?#
When investing in commercial real estate, you want to ensure you are making the right decisions. You want to do the same when hiring a commercial real estate broker. What should you really be looking for when deciding upon a broker? From market insight to a decent background in real estate, there are many factors to consider when choosing a broker. Check out this post from out friends at SVN | Southgate Realty, LLC to learn the top three pillars of a qualified commercial real estate broker.
Here’s one thing we know, not every commercial real estate broker is created equal. You want to take your time and make the best choice when searching for commercial real estate investments, the same goes for hiring a broker. So beyond the obvious, what is it that you should be looking for?
In this article we share with you what we consider the three pillars of any qualified commercial real estate broker. These include: market insight, industry accreditations and, definitely the most important, vast transactional experience.
If you feel something else should be on this list, leave us a comment in the section at the bottom of the article! Hopefully after reading it you will either feel confident in your current broker choice, or will quickly be shopping for a new one.
Local Commercial Real Estate Market Insight
A commercial real estate broker is providing you with a professional service. As such, they should be experts in their field. That field just so happens to be commercial real estate brokerage and investment in your specific market location. A good broker is going to have extensive local market knowledge. They’ll know the in’s and out’s of local market fundamentals.
When hiring a commercial real estate broker…