What to Look for in a Commercial Real Estate Broker
navpoint / August 6, 2021
When working with a commercial real estate broker, it is important that you find the right broker for you and your business. Finding a Broker that will do right by you and give you the best experience possible will ultimately give you peace of mind and assurance in all the commercial real estate decisions that you are making. The good news is that there are practical things that you can look out for to ensure that the broker you are working with is a great one. Here are some green flags that you should look for in your broker.
Communication skills and responsiveness are key factors you should pay attention to. Having a broker that takes a hands-on approach can ultimately make the deal making process much smoother. Returning calls in a timely manner, for example, is a very simple and practical thing to rely on from your broker. As for communication, be sure your broker is explanatory when communicating terms and information. Explaining the why behind what they are saying is a sign that your broker is confident in what they are doing and that they are being intentional with involving you in the process. In addition to that, commercial real estate can be a competitive market that requires a diligent broker. It is a great sign if your broker is aware and on top of the competition that is out there.
For NavPoint specifically, there are a few things that make our brokers different. Our brokers can handle all facets of commercial real estate. This includes being involved with more than one branch or product of commercial real estate such as retail, office, land, etc., In addition to servicing all types of commercial real estate, they have a strong record of representing Sellers, Buyers, Landlords and Tenants alike. Another advantage of a NavPoint broker is that they do not compete with one another, they work as a team, always supporting one another. This allows for more collaboration and brings more expertise to any service you need help with while creating an environment where they can focus on the client, not just the transaction.
Ultimately, you want a broker that has your best interest always. There are many other services and duties of a Broker, but the above are simple things that you can look out for to get you on the right track in selecting a Broker. If they are responsive, communicative, diligent, and ultimately focused on you, the client, you likely have found a great broker that will give you the best service possible.
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