Commercial Real Estate Broker

How can I get started in Commercial Real Estate?

I’m interested in becoming a Commercial Real Estate broker, but don’t know where to begin. Obviously I would need a license. What other steps will I need to take to get started?

I just recently moved into commercial Real Estate. I’m an account executive for a major wholesale lender. The ramp up period (Time in which it takes you to get a paycheck) is 4-6 months becuase of the time involved in closing commercial real estate loans. If you have the money in the bank and can live on very little for 4-6 months, I would suggest it. As a Broker, you will be closing 3-6 loans a year but the commissions I usually see brokers range from 20k to 150k and up. Your best bet getting started is 1. have at least five years experience in residential real estate lending 2. have money in the bank. 3. continue working residential deals to keep some form of income coming in and to ensure you don’t get too frustrated with commercial real estate.

If you are looking to get into the sales atmosphere of it, time in trade will get you there. You don’t need any special license to sell commercial real estate, you just need the contacts.