{"id":2373,"date":"2020-01-31T21:31:46","date_gmt":"2020-01-31T21:31:46","guid":{"rendered":"https:\/\/thebizex.com\/blog\/?p=2373"},"modified":"2020-02-24T14:49:19","modified_gmt":"2020-02-24T14:49:19","slug":"commercial-real-estate-broker","status":"publish","type":"post","link":"https:\/\/bizsold.com\/blog\/commercial-real-estate-broker\/","title":{"rendered":"Hiring a Commercial Real Estate Broker? 7 Questions to Ask"},"content":{"rendered":"\n<p>Small business owners know that the first major commitment you will make, and can\u2019t afford to mess up, is taking out a lease for your business\u2019 office or store headquarters.&nbsp;If you can land a great commercial real estate broker, you might free up even more capital in those critical first months of your company\u2019s inception. <\/p>\n\n\n\n<p>Here are seven questions that you must ask before hiring a commercial real estate broker that has your best interest at heart, not just one that is focused on their commissions. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">What is the most recent deal they are proud of closing? <\/h1>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"788\" height=\"443\" src=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870.jpg\" alt=\"commercial real estate deal\" data-id=\"2531\" data-full-url=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870.jpg\" data-link=\"https:\/\/thebizex.com\/blog\/happy-african-couple-shake-hand-of-insurer-buy-insurance-services\/\" class=\"wp-image-2531\" srcset=\"https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870.jpg 788w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870-300x169.jpg 300w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870-768x432.jpg 768w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870-610x343.jpg 610w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1151593870-585x329.jpg 585w\" sizes=\"auto, (max-width: 788px) 100vw, 788px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p>Open up with an easy question, but one that will require some substance for the real estate professional to talk about.&nbsp;This gives you some insight into how they structure deals and the level of negotiating they are willing to partake in. <\/p>\n\n\n\n<p>You want someone who will fight in your corner, not take the easy way out.&nbsp;Some of the best agents out there can work magic on things you may not even realize were possible. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Are there any potential conflicts of interest?<\/h1>\n\n\n\n<p> You wouldn\u2019t be asking them outright, but more of a question to see if there are any other clients who are looking in the same commercial real estate market, to the tune of competing for the same property type. <\/p>\n\n\n\n<p>A competent real estate broker would know this almost immediately, but it\u2019s good to be clear that there aren\u2019t any conflicts of interest that can interfere with your deal. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">How many clients do they currently represent?<\/h1>\n\n\n\n<p>You want a commercial broker who doesn\u2019t have a problem finding work, but you also don\u2019t want to be sitting at the bottom of a very long list of clients.&nbsp;Generally, you want to avoid someone who is desperate for work, so if they do appear busy, ask them about their schedule. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Do they outsource any parts of the job?<\/h1>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"482\" src=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-874700712.jpg\" alt=\"outsourcing commercial real etsate\" data-id=\"2529\" data-full-url=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-874700712.jpg\" data-link=\"https:\/\/thebizex.com\/blog\/?attachment_id=2529\" class=\"wp-image-2529\" srcset=\"https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-874700712.jpg 724w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-874700712-300x200.jpg 300w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-874700712-610x406.jpg 610w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-874700712-585x389.jpg 585w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p>Don\u2019t expect every commercial real estate broker to be the negotiator, marketer, and the background-checker for all of their deals.&nbsp;In fact, the most successful ones will have a marketing partner or allow the firm to do it for them, it\u2019s very time-consuming.&nbsp; <\/p>\n\n\n\n<p>It\u2019s good to know what aspects of their job are handled personally to avoid feeling distant. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Is there a fee, if yes, is it negotiable? <\/h1>\n\n\n\n<p>Firstly, you\u2019ll want to know what, if any, fees will apply to you as some brokers charge a fee to the buyers whereas most of the commercial real estate brokers offer their services for free to the buyers\/ tenants as they get their commission from the sellers. <\/p>\n\n\n\n<p>In case any fees apply to you ask what the commission rate is and be sure that you believe it is fair and standard in the market. <\/p>\n\n\n\n<p>Negotiate with the broker while comparing his brokerage with competition in the market. Beware, that lowest commissions don\u2019t necessarily have the best outcome.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">What is a realistic scenario? <\/h1>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-3 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"483\" src=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1130821597.jpg\" alt=\"commercial building\" data-id=\"2533\" data-full-url=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1130821597.jpg\" data-link=\"https:\/\/thebizex.com\/blog\/miami-central-parking-garage-downtown\/\" class=\"wp-image-2533\" srcset=\"https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1130821597.jpg 724w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1130821597-300x200.jpg 300w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1130821597-610x407.jpg 610w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/iStock-1130821597-585x390.jpg 585w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p>Can they give you an estimate on where and what you might possibly be able to afford?&nbsp;If the agent is confident in their own negotiating skills, they should be able to give you some kind of prediction of what they might be able to land. <\/p>\n\n\n\n<p>This is a good question to ask if you\u2019re interviewing multiple brokers over the phone. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Any additional business experience that might help?<\/h1>\n\n\n\n<p>Having a well-rounded commercial real estate broker certainly helps when negotiating deals in the business world.&nbsp;Look for a broker that will try hard to meet deadlines and financial goalposts that are crucial to the success of your business. <\/p>\n\n\n\n<p>Commercial real estate should never be approached the same way as residential real estate for sale, as it is a more complicated deal to structure. So if they primarily do residential then it\u2019s best to move on to the next applicant. <\/p>\n\n\n\n<p>It&#8217;s also a good idea to find real estate professionals who are members of crea. This helps to validate the skills of the potential broker. <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">How to Find Commercial Real Estate Listings<\/h1>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"400\" src=\"https:\/\/thebizex.com\/blog\/wp-content\/uploads\/2020\/01\/Business-Exchange-3.jpg\" alt=\"commercial real estate\" class=\"wp-image-2462\" srcset=\"https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/Business-Exchange-3.jpg 728w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/Business-Exchange-3-300x165.jpg 300w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/Business-Exchange-3-610x335.jpg 610w, https:\/\/bizsold.com\/blog\/wp-content\/uploads\/2020\/01\/Business-Exchange-3-585x321.jpg 585w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/figure>\n\n\n\n<p>Business Exchange has been helping Commercial Real Estate Brokers sell their listings for over 20 years. Find commercial properties for sale, commercial buildings, office spaces, land for sale. All <a href=\"https:\/\/thebizex.com\/search-results\/business-for-sale?search_term=&amp;business_category_id%5B%5D=3&amp;pi%5B%5D=17&amp;pi%5B%5D=18&amp;pi%5B%5D=3&amp;pi%5B%5D=19&amp;pi%5B%5D=20&amp;pi%5B%5D=2&amp;pi%5B%5D=21&amp;pi%5B%5D=22&amp;pi%5B%5D=23&amp;pi%5B%5D=24&amp;pi%5B%5D=25&amp;pi%5B%5D=26&amp;pi%5B%5D=27&amp;pi%5B%5D=28&amp;pi%5B%5D=29&amp;pi%5B%5D=30&amp;pi%5B%5D=31&amp;pi%5B%5D=32&amp;pi%5B%5D=33&amp;pi%5B%5D=34&amp;pi%5B%5D=35&amp;pi%5B%5D=4&amp;pi%5B%5D=36&amp;pi%5B%5D=37&amp;pi%5B%5D=38&amp;pi%5B%5D=39&amp;pi%5B%5D=40&amp;pi%5B%5D=41&amp;pi%5B%5D=42&amp;pi%5B%5D=43&amp;pi%5B%5D=44&amp;pi%5B%5D=5&amp;pi%5B%5D=45&amp;pi%5B%5D=46&amp;pi%5B%5D=47&amp;pi%5B%5D=48&amp;pi%5B%5D=6&amp;pi%5B%5D=49&amp;pi%5B%5D=50&amp;pi%5B%5D=7&amp;pi%5B%5D=8&amp;pi%5B%5D=9&amp;pi%5B%5D=51&amp;pi%5B%5D=52&amp;pi%5B%5D=1&amp;pi%5B%5D=53&amp;pi%5B%5D=54&amp;pi%5B%5D=10&amp;pi%5B%5D=11&amp;pi%5B%5D=55&amp;pi%5B%5D=12&amp;pi%5B%5D=56&amp;pi%5B%5D=57&amp;pi%5B%5D=58&amp;pi%5B%5D=59&amp;pi%5B%5D=60&amp;pi%5B%5D=61&amp;pi%5B%5D=62&amp;pi%5B%5D=63&amp;pi%5B%5D=66&amp;pi%5B%5D=67&amp;pi%5B%5D=13&amp;pi%5B%5D=65&amp;max_price=&amp;country_id%5B%5D=1&amp;country_id%5B%5D=2\">commercial real estate listings<\/a> are for sale and for lease. You can also search for <a href=\"https:\/\/thebizex.com\/business-brokers\">Commercial Brokers<\/a> and get in contact with them directly!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small business owners know that the first major commitment you will make, and can\u2019t afford to mess up, is taking out a lease for your business\u2019 office or store headquarters.&nbsp;If you can land a great commercial real estate broker, you might free up even more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[161,1933],"tags":[164,1934,1935],"yst_prominent_words":[326,1248,189,237,233,1509,1522,1523,1512,244,1511,1526,1528,1527,207,238,1510,1524,1525,323],"class_list":["post-2373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate","category-commercial-real-estate-broker","tag-commercial-real-estate","tag-commercial-real-estate-broker","tag-hiring-a-commercial-real-estate-broker"],"_links":{"self":[{"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/posts\/2373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/comments?post=2373"}],"version-history":[{"count":4,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/posts\/2373\/revisions"}],"predecessor-version":[{"id":2535,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/posts\/2373\/revisions\/2535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/media\/2528"}],"wp:attachment":[{"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/media?parent=2373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/categories?post=2373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/tags?post=2373"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/bizsold.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=2373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}