Commercial Real Estate Agent
Quick Facts
What They Do
A Commercial Real Estate Agent works as an intermediary on rental properties between owners and potential tenants by overseeing the property transaction. They provide guidance on agreements, mortgages, and market prices, and draft legal documents and contracts. They fulfill a range of marketing functions by promoting commercial property listings, writing advertisements, and arranging viewings within a portfolio of rental properties.
Core Tasks:
- Present purchase offers to sellers for consideration.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Interview clients to determine what kinds of properties they are seeking.
- Contact previous clients for prospecting of referral business.
- Coordinate appointments to show homes to prospective buyers.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings, to remain knowledgeable about real estate markets.
- Advise sellers on how to make homes more appealing to potential buyers.
- Advise clients on market conditions, prices, mortgages, legal requirements, and related matters.
- Contact property owners and advertise services to solicit property sales listings.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Arrange for title searches to determine whether clients have clear property titles.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Visit properties to assess them before showing them to clients.
What to expect as a Commercial Real Estate Agent
24% of people achieve this level of education.
See Commercial Real Estate Agent related courses on Tallo
341 openings for Commercial Real Estate Agents
Career Progression
in United States (Nation)
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