The Top Questions To Ask Before Hiring a Commercial REALTOR

As a commercial property owner, you must do your due diligence when selecting the right REALTOR for your needs. Working with the right professional will ensure that you make well-informed decisions throughout the process.?

To help you in the selection process, below are the essential questions to ask before hiring a commercial REALTOR.

1. What is your experience with commercial properties??

It is important to know how much experience and expertise a REALTOR has when dealing with commercial properties. Find out what types of properties they have worked on in the past and how long they have been working in this field.

2. How familiar are you with local zoning laws and restrictions??

Every area has different zoning laws and restrictions that could affect your property's value or usage. Make sure your potential REALTOR understands these laws and can help you navigate any challenges that may arise due to them.

3. What strategies do you use for marketing and advertising??

An excellent commercial REALTOR will have an effective plan for marketing and advertising your property to reach as many potential buyers as possible. Ask them what strategies they use, such as online or print ads, etc., to understand their approach.

Most Commercial Brokers passively market your property. We call this 4x8x55 marketing. Sure, they get a billboard hoping that a passerby will see it and be interested. In most cases, these activities don’t capture the audience you are trying to connect with at the pace you expect.?

At RE/MAX Commercial Advisors Group, we take it a step further by actively advertising our clients' properties. We identify the highest probability tenants for your property and then reach out to them proactively, ensuring that we connect with the right prospect from the beginning, saving you time, energy, and resources. Yes, we do passive marketing as well, but in most cases, it’s the active marketing that gets your property moving.?

Our intense focus on active marketing ensures that the right prospects are reached, saving you time and resources while helping you maximize the value of your property faster than you may have thought possible.

Make sure the commercial REALTOR you choose is actively looking for prospects, not just playing the waiting game.

4. What kind of network do you have??

A good network of industry contacts can be beneficial when finding buyers or negotiating deals quickly and efficiently. Ask your potential REALTOR about their network of contacts, so you know who they can rely on when needed.

Knowing who to contact in the real estate industry is essential for success. Your REALTOR should have a large network of professionals, such as attorneys, bankers, contractors, surveyors, engineers, accountants, and 1031 qualified intermediaries.

However, it's not just what you know that counts; it’s WHO you know - being familiar with the right people can help to facilitate deals quickly and efficiently.?

Don't hesitate to ask your potential REALTOR about their professional contacts when deciding.

5. Do you offer any other services besides listing my property??

Many REALTORS offer additional services beyond just listing a property for sale or lease, such as helping with paperwork, arranging financing options, coordinating inspections, etc. Ensure you know all the services offered so that nothing falls through the cracks during this process. ?????

6. How often will we communicate??

Good communication between a REALTOR and client is essential for success during any transaction process—commercial or otherwise—so ensure this is established upfront before signing any contracts or agreements. Ask how often they prefer to communicate (e-mail, phone calls) and make sure both parties are on the same page from start to finish regarding expectations around communication frequency.

To read the rest of the Top 10 questions, read our latest blog: https://commercialspacehouston.com/10-questions-to-ask-before-hiring-a-commercial-realtor/