A Commercial Real Estate Broker (also known as a commercial broker) is a licensed real estate professional, who assists clients in purchasing, selling, or leasing commercial properties. Licensing requirements for practicing in commercial real estate are essentially like those of residential real estate agents. They differ in that they serve different types of clients and property types. Residential professionals deal in residential homes mostly, whereas commercial professionals work within the realm of commercial properties such as retail plazas, commercial buildings, and business offices. They deal with not only purchasing or selling, but also tenant leasing and assisting landlords. A commercial real estate broker is licensed to maintain and run their own business and manage the commercial agents working under their company/brokerage umbrella.
The job of a Commercial Real Estate Broker is also to provide expert business and financial analysis of current market conditions, key financial factors, and to negotiate the best terms for their client. They manage all aspects of a lease or sale and strive to negotiate the best price possible.
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