There are a lot of different ways into commercial real estate. Some people come at it from an investing background, while others work their way up through property management. For those who are just starting out, finding work in the office of a property management company is a great first step.
What is the biggest challenge in the commercial real estate industry?
The commercial real estate (CRE) industry has faced some challenges in recent years that have softened demand while raising operating and financing costs. These include higher interest rates, an economic slowdown, the hybrid work environment, a tight labor market and more.
What is CBRE commission split?
Commission splits between broker and brokerage usually depend on the firm's size and the perceived value of what it can offer to support the broker. Typically, larger companies like CBRE or JLL will offer 50-50 splits while smaller firms offer more favorable cuts to the individuals, like a 70-30 split.
Is CRE brokerage the same as investment banking?
Real estate brokerage is a job where agents connect buyers and sellers and earn a commission on the sale of properties. In that sense, it's very similar to investment banking, but on a much smaller scale for properties rather than entire companies.
What are the barriers to entry in commercial real estate?
Besides money and time, knowledge might be one of the significant barriers to entry into real estate. People might need to be made aware of their financing options. They might need to learn how to find good deals or improve their credit score.
How much do top commercial real estate brokers make?
Commercial Real Estate Broker Salary in California