During these trying times, keeping a hold on your property assets appears more complex and confusing than ever. But whether your commercial property agents firm has been impacted by the Covid-19 outbreak directly or indirectly, having the correct counsel and assistance is the key to getting out the other side unscathed.
As a premier commercial estate agency servicing customers across Staffordshire, Cheshire, and Shropshire, we pride ourselves on giving the finest assistance when times are good and tight.
What is a commercial property agents?
Commercial real estate agents are licensed to assist customers in the purchase, sale, or leasing of commercial or business properties. They are not the same as residential real estate agents who help customers purchase or sell properties. A licensed real estate broker may also be an agent. Office, industrial, retail, residential, and medical buildings are all examples of commercial real estate.
The role of a commercial estate agents
A commercial estate agent or agency offers professional services and assistance to customers wishing to purchase or dispose of non-domestic property. Commercial property may be traded on a leasehold or freehold basis. The function of a commercial estate agent nevertheless extends much beyond retail property sales and lettings.
Business estate brokers may also hold property auctions to provide further access to inexpensive and appropriate commercial property. Our relationship with property auction specialist Auction House means we can help our customers with the acquisition and sale of commercial property through auction to provide a solution that delivers the best possible price in a timely way. Whether selling at auction or through the regular process, commercial estate agents can accompany you at every step.
Locating a Commercial Real Estate Agent
While commercial estate agents are not needed to be formally regulated or to have certain qualifications/experience in order to do the profession, selecting a trustworthy and competent commercial estate agent to help you is critical. Before choosing a commercial estate agent, carefully examine the firm’s affiliations or accreditations to assure access to the services and assistance you need to prosper in your specific industry as a commercial property owner, or investor.
how do commercial leasing agents get paid?
Commercial property Agents earn a commission on lease agreements by representing either the landlord/owner or the renter. The landlord/owner of the business property pays the commission charge in leasing agreements. Typically, half is paid upon lease signing and the other half upon tenant possession.
can commercial real estate agents sell residential
Residential and commercial real estate feels like two separate universes. But can a home real estate agent offer business property?
The simple answer is “yes.”
Commercial agents and residential agents have the same fundamental schooling and qualifications and may play both sides of the game if they choose to. But this doesn’t happen frequently. When it comes to real estate, residential and commercial genuinely are two different creatures. You’ll need a distinct set of abilities and expertise for each one. While it is feasible to become a market specialist and sell both kinds of property, most agents decide to concentrate on one or the other. In fact, agents who don’t pick a niche generally earn significantly fewer sales than those who do.
how to hire a commercial real estate agent
Commercial real estate brokers assist customers in the purchase, lease, rent, or sale of nonresidential properties such as offices, retail spaces, medical facilities, warehouses, manufacturing facilities, hotels, farms, shopping malls, entertainment centers, and multifamily housing units. Commercial real estate professionals are well-versed in tax and zoning rules, as well as local market circumstances and returns. They spend a significant amount of time researching, exploring properties, contacting new customers, and developing connections.