Will Your Mortgage Broker Leads Be Affected By High-Interest Rates in 2023?
Photo credit It’s safe to say federal interest rates have been anything but consistent over the last year. As of Friday, October 21, the current average rate of a 30-year fixed mortgage is 7.32 percent—up 15 basis points from the previous week. That’s because the U.S. Central Bank raised the federal interest rate by three-quarters of a point back […]
5 Biggest Commercial Real Estate Brokerages
Many agents dream of working for the world’s largest commercial real estate brokerages. Getting hired by those commercial real estate firms takes a lot of luck as well as talent and hard work. People who get hired by these brokerage services often have experience in investment banking, selling commercial properties, investment sales, and local market […]
5 Qualities That Top Commercial Real Estate Brokers Share
Want to know what it takes to be a successful commercial real estate broker? Here are five traits you need to have. It’s no secret that the commercial real estate business is competitive. New brokers may find they have a hard time breaking into the business. But the secret to being successful in this […]
Commercial Real Estate Market Statistics, Trends, and Predictions Every Broker Should Know
2020 was a volatile year for commercial real estate (CRE). The market was strong early in the year. But when COVID-19 hit, the global economy was blindsided—including CRE markets. Many industries began to see a ray of hope for recovery by the end of 2020—CRE, however, wasn’t one of them. While commercial real estate was […]
Must-Have Tech For Real Estate: How Brokers Can Leverage Tech To Win Deals
Today’s housing market is more competitive than ever. Brokers need to know about this must have tech for real estate. It’s no secret that the real estate business is facing some challenges. It’s a post-pandemic world where housing prices are up yet inventory is down. Rental rates are down, yet people are leaving cities […]
8 Ways Commercial Real Estate Brokers Can Reduce Prospecting Time
Whether you’re new to Commercial Real Estate (CRE) or you’ve been at it for years, prospecting time for new clients never ends. Reaching out to old clients and kindling the spark of interest in new ones takes ongoing, active engagement and communication. Learning the art of real estate prospecting is a rewarding activity – hands down, it’s […]
Things CRE Brokers Should Know About Mobile Home Parks
Commercial real estate brokers love to focus on high-end properties with huge income potential. So you may be surprised to learn that mobile home parks, a sometimes belittled investment, offer you excellent income potential with few management demands. People have long put down “trailer parks” as an unsophisticated place to live, but that vision of […]
How to Digitally Transform Your Commercial Real Estate Brokerage
Digital transformation is the goal of businesses everywhere. How can you bring it to your commercial real estate brokerage? As business technology booms, industries everywhere look for ways to leverage them. The phrase “digital transformation” is everywhere, promising a complete renovation of the workplace and business practices for good. When it comes to real […]
7 Challenges Facing CRE Brokers (and How to Overcome Them)
Usually, the challenges that face CRE brokers remain unchanged from year to year. While some of the challenges that made our list are probably not new to you if you’re an established broker, 2020 changed the landscape — for new and established brokers. The following seven challenges facing CRE brokers reflect the unprecedented upheaval felt […]
How to Create a Broker Price Opinion (BPO) in CRE
Nearly everyone has heard the term real estate appraisal, which is a property value assessment that takes a property’s condition, location, and other relevant factors into account. Appraisals are useful for sellers, so they know how much to ask for a property, and for buyers, so they know if they’re getting a good deal in […]