How commercial real estate agents can work from home

Key quotes:

• "It’s too early to call what will happen to the workplace, but I do have a theory: the best companies will hold on to their office space but allow employees to flex between working-from-home and the company office."
• "Axe, we have a beautiful office you can utilize, or you’re more than welcome to work-from-home, both are cool with us.” I’m going with company B."
• "Productivity: The environments we require to complete tasks or generate ideas are not one size fits all; workplace productivity has always functioned on a bell-curve."
• "The best companies will offer a variety of workplace options (including work-from-home), and let the employee decide what they need to perform at their highest level."
• "The environments we require to complete tasks or generate ideas are not one size fits all; workplace productivity has always functioned on a bell-curve."
• "I found that I’m the most creative at home in the mornings without distractions, and I’m free to let my mind wander and create my next content piece or article — I could never do that at the office."

Transcript: Oh can you please talk about um what is a commercial real estate agent and how to become how to become a commercial real estate agent sure Alex be a commercial real estate agent is almost identical to becoming a regular residential sales agent it's just the type of product that you're selling so as a commercial real estate agent what you're doing is you're selling commercial property you're selling commercial buildings office buildings in other words office buildings it could be it could be you know fast food restaurants it could be any type of office building things like that that have tenants in there it requires a lot more work here's the deal as a commercial real estate agent your life cycle of making a dollar is gonna be a lot greater it's gonna take a lot longer for you as a commercial real estate agent to sell Billie's because the buildings tend to be much more expensive in the turnover of those buildings tends to be a lot less so in residential real estate sales you know I can sell 50 properties in one year and obviously even if I'm selling like my average sales price in... See more →

Key quotes:

• "After a decade of economic expansion, commercial rents had risen to an average of nearly $30 per square foot, or 3.4% over last year, according to an April report from Newmark Knight Frank, a New York-based commercial real estate brokerage firm with offices in some 100 U.S."
• "Since the pandemic, Google’s parent company Alphabet has pulled out of deals to acquire more than two million square feet of office space, including what would have been the biggest real estate deal in the Bay Area, according to The Information."

Transcript: Good afternoon everyone and welcome to the real estate residual webinar my name is monique carter real estate broker and specialist with carter and associates real estate company listen everybody i'm so excited that you have taken out time on today to join this amazing uh webinar it's going to share some amazing information with you that i believe will be life-changing with an amazing presenter as well as a few other guest speakers they're going to be on the platform listen we are in really really i want to say turbulent times right now uh here for us as realtor professionals we're in a situation where now we're at a second crisis and i want to say to you and on behalf of those that are joining me on today we want to give our condolences to those uh that you may have lost or that may have been suffering during this very um you know serious pandemic i want to call it that a very serious pandemic but here in in michigan uh the governor here has placed uh the realtor professionals on lockdown as a result of the social distancing so in our industry we're not able... See more →

Key quotes:

• "To begin the Commercial Real Estate Broker has to work as an intermediary on properties between landlords and potential tenants, oversee property transactions and uncover new business opportunities."
• "Networking and finding clients who will agree to give their expensive property or investment for sales or lease to the broker is the main activity to ensure success in this profession."
• "The positive side to this relationship based sales profession is that as a name begins to resonant within the commercial real estate word, it reduces the effort to find more opportunities and to attract clients from every side."
• "The successful broker is always on the lookout for an angle to attract and engage new clients be it tenant or owner."
• "The broker has to be prepared to work collaboratively with clients over an extended time period while they do their research, comparisons and legal due diligence to ensure they are committing to the right property on the right terms."
• "Supporting the landlord or investor to promote the property to attract qualified tenants within agreed time frames."

Key quotes:

• "We are in the early innings of what I call the “institutionalization of home buying and selling.” Unlike the last wave of real estate innovation pioneered by the likes of Zillow and Trulia (in full transparency, I was a founding team member of Trulia), this wave of transformation is not being powered by companies that have real estate agents as paying customers."
• "In a failed attempt to appease its real estate agent customers and keep them relevant to the home buying and selling experience, NAR restricted Homestore from displaying critical information on Realtor.com, including past and recently sold homes used to determine home prices."
• "Trulia launched in October 2005 as the first independent home search engine, basically “Google for Real Estate.” We went directly to brokers and agents to get their listings on Trulia.com to avoid the information restrictions NAR placed on Realtor.com."

Key quotes:

• "Commercial real estate agents in New York City, the current hub of coronavirus pandemic in the United States, have worked through government-imposed social quarantines by temporarily pausing showings and tours of properties."
• "Commercial property managers have also been busy working with current tenants to renegotiate terms of leases and rent to help companies who aren’t making any money right now."
• "On the other side of the coin, companies who are looking for a commercial property to rent have also are required to adapt to corona virus-directed quarantines that forbid real estate companies from hosting tours of their properties."
• "According to a commercial real estate agent, William Montana, his company has used floor plans and virtual tours to show off the commercial spaces his company has for rent."
• "Instead of evicting businesses, commercial real estate companies throughout New York City are deferring rent payments now and extending leases on the back end, so that companies can pay when they are making money again."