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California Commercial Real Estate BrokersWritten by Lori CovingtonCalifornia commercial real estate brokers are different from residential agents in the type of property they list, the clients they assist, and the educational background they acquire while working with some of the costliest property in the world. In California, commercial real estate brokers help clients buy, sell, and lease millions of dollars worth of commercial property each year, participating in a national market worth tens of billions of dollars. If you are considering investing in California commercial real estate, brokers can provide you with information on current market prices, available properties, and appropriate lending arrangements. Qualified brokers also work with architects, planners, and engineers to ensure that the space and technology needs of clients are being accounted for prior to committing to a property. California Commercial Real Estate Brokers: How They WorkSome brokers work on commission, some on salary, and others on a base salary supplemented by incentives or bonuses. California commercial real estate brokers earn their fees by saving clients significant amounts of money from the investment planning stages through property acquisition. They can even assist with negotiations between seller and buyer on upgrades or build-outs. When hiring a broker, keep in mind that California commercial real estate brokers who also belong to the Society of Investment and Office Realtors (SIOR) abide by a sixteen-point ethics code which requires them to (among other things) fully inform clients of any areas of potential conflict of interest. One example of such a conflict would be a broker who is being asked to work with a buyer but who also represents a seller in the same market. The goal is to provide clients with fair and open service from a broker who places the needs of clients over personal financial considerations. Didn't find what you were looking for?
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