when brokering your first commercial real estate deal

Consider these factors to ensure professional and financial success

7 things to consider when

Brokering Your First Commercial Real Estate Deal

When brokering your first commercial real estate deal, it's important to approach the process with careful consideration and attention to detail. Here are seven key factors to consider:

Connect with other professionals, including property owners, investors, lenders, attorneys, and fellow brokers. Attend industry events, join professional associations, and leverage online platforms to expand your network. Actively participate with groups such as CCIMSIORIREM and other commercial real estate professional designation holders.
Join a brokerage firm and/or association (such as the Miami Realtors) that offers training and mentorship programs. Consider seeking guidance from other experienced commercial real estate professionals.

Enhance your negotiation skills by recognizing key decision makers and understanding both sides of the deal, conducting thorough market research, and identifying potential points of leverage.

In summary, by following these steps, you’ll be well on your way to achieving professional success and financial rewards as a commercial real estate broker.