i am new: i just picked up a client for a commercial property apartment or retail center. what are the steps?

In Buying Property - Asked by edwin l. - Apr 24, 2009
Report Abuse
Answer this Question


Fontaine C.
Houston, TX

You need to talk to your broker so they can teach you the right questions to ask and to know. As a real estate professional, part of your fiduciary responsibility is to be well informed which you are not yet at this point. Educate yourself on the different property types, technical and financial terms if you have time or refer the client to a specialist and ask for a referral fee which will be paid to you through your broker.

Apr 24, 2009
Report Abuse
Andre D.
Atlanta, GA

I think the first thing you need to do is an assessment on youe client. Gather all the information first
1 Executive Summary
2 Business Plan
3 Financial for business
4 financials for indiv.
5 proforma
6 Exit Review
7 Business Lic, etc.
Once you gather that info, find a GOOD lender that can make your deal happen. If you need more information or help shoot me a email

Apr 25, 2009
Report Abuse
Paul S.
Glendora, CA

You need someone who knows what they are doing to guide you. You must watch out for your clients best interest which, without experience, you don't know how to do and can be sued if you don't do it properly.

Apr 27, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question