Knowing what to ask a potential commercial real estate agent can help you decide if they are going to be a good fit for you and your needs. You need to consider if they have the expertise necessary to broker commercial real estate transactions and whether or not you are comfortable with them. Below are a few questions that can help structure your inquiry and allow you to make a more informed decision.
- What is the agent or brokerage's reputation for experience, honesty, and attention to detail?
- Does the agent or brokerage have experience dealing with the various commercial needs specific to your company, business, or industry?
- How large is the agent's brokerage?
- How accessible is the agent?
- Does the agent or brokerage communicate with you effectively and in a timely manner?
- Does the agent know the market and understand your needs?
- Does the agent have any special designations, a specific understanding of your industry, and/or deep knowledge of the area where your commercial property is located?
- What are the agent's strengths & weaknesses?
- What are the fees and commission rates of the agent and brokerage?
You should direct these questions to the brokerage and/or agent you plan on working with. Additionally, it is a good idea to explore these things further by researching them online, reading reviews and talking to others who have worked with them in the past.
