Real Estate industry

Real Estate industry

Selling is a form of art

Therefore, salespeople could be considered artists. Here’s an example of what I mean.

With a total of seven partners within our brokerage division, we have a bit different business model at ICR. Our new licensed associates are mentored collectively by the partnership.

When they’re seeking solutions for an assignment, an apprentice is encouraged to request input from a few partners.

We then suggest they take that input and craft a solution that they can call their own.

It’s kind of like art and it’s an empowering process!

It’s interesting how we can all have a different strategy to move to the next step.

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In the News

The oxymoron of office culture for remote workers

The dialogue is starting around this latest experiment in the office sector.

We’ve seen other experiments in recent years such as the open office concept and co-working concept. COVID-19 has accelerated a work-from-home (WFH) trial that might otherwise have taken years to duplicate.

Will WFH emerge as the disruptor that some are suggesting?  

Will organizations be able to maintain culture within, while the experiment is underway?

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In the News

My “Negative Attitude” cure for the CRE Professional

I’m grateful that despite the new challenges many of us are currently encountering in this remarkable new world, I’m doing well. 

However, that would not always have been the case in my past.

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Real Estate industry

3 ways a Buyer’s Broker is a no brainer

Did you know when you’re buying or leasing that you can engage a commercial broker to search listings, organize viewings, and write offers, among other duties, for the low cost of… ZERO?

This relationship is referred to as a Buyer’s broker and as the name suggests, they work for you and you alone.

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Real Estate industry

Would you recommend your CRE broker?

I think it’s fair to say that we don’t recommend people and their services if we don’t like them.

The problem, however, is that often liking someone can hinder us from really considering if you’d recommend them.

Confused? Consider the following…

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Real Estate industry

The art of passionate selling

As a commercial real estate broker/advisor, the type of assignments I take varies significantly.

They’re never boring; there’s a different nuance to every deal!

I started my career in real estate sales when I was 20 years old and to this day, still find it immensely rewarding when a client’s goals are met through a closed transaction.

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Real Estate industry

Do I have a deal for you

There are many real estate investors who wish they’d just got into a market before a boom.

Appreciation of real estate investments has made many people wealthy over time.

For those willing to take the risk, the reward can be real.

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Real Estate industry

Differences between regional and national commercial real estate broker

If you’d have asked me a few years ago about the long-term fate of the independent commercial real estate broker, I would have honestly expressed some uncertainty (you may be thinking, “but Barry, you are an independent commercial real estate broker… that means you would have been questioning your own survival!).

Most of that uncertainty arose from questioning the independent broker’s ability to keep pace with potential investment required in metadata.

Let’s look at the current differences between a national and an independent regional commercial real estate broker.

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Real Estate industry

10 questions to ask yourself before considering a career in commercial real estate

You may be in your last year of university and considering your career options or, have just come to the realization that your current professional path is not going to be your lifework.

The idea of a career in commercial real estate sales is appealing. What’s your next step?

Talk to a few different Brokers. There can be significant differences between commercial real estate companies.

It’s beneficial to gain the perspective of more than one Broker to determine if the career is right for you.

If you decide to move forward, you’ll have a good sense of which company you would prefer to work for and the process they go through to decide who and when they hire.

Here are some questions to raise during the interview process.

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Real Estate industry

Why you need to engage a Broker to lease your space

From time to time we will receive a floor call from an individual asking one question: how do we charge brokerage fees to lease space.

I explain that our typical fee would be calculated based on five percent of the total net rental amount over first five years of the lease term and, if applicable, three percent on the balance (plus taxes).

In many cases the conversation ends there.

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