When it comes to the dynamic and complex world of real estate, working with a professional who understands the intricacies of the market can make all the difference in your real estate investment journey. At Jones Aur Commercial Real Estate, we’ve got you covered! While some people may have success investing on their own, there’s just no reason to take the risk when you can lean on the decades of experience and market understanding you’ll get on your team with Jones Aur. So let’s dive into it!
Real Estate Brokers — What Do They Do?
Let’s start simply — what is a real estate broker, and what do they do? A real estate broker is a licensed professional who is an intermediary between buyers and sellers in real estate transactions. A real estate broker has completed additional education and licensing requirements beyond those of a real estate agent, which means they can operate independently and even supervise other agents.
A real estate broker will have a deep and meaningful understanding of the local real estate market, and they’ll have the necessary skills and knowledge to navigate the complexities of buying or selling a property under all sorts of conditions.
But a real estate broker can do a whole lot more for you than just facilitating buying and selling. For instance, a competent broker will be able to point you in the right direction when it comes time to select an investment in the first place. Not only that, but they’ll be able to work closely with you to provide support and guidance throughout the entire transaction, and even further into your relationship with the property, in the case of a purchase. You can think of your real estate broker as a trusted advisor who can leverage his or her experience and market insight to help you make the decisions that mean the difference between success and failure.
What Kinds of Qualifications Are Required?
That’s a pretty glowing recommendation — so what does it take to get to that point? Well, it’s not easy to become a broker, and for good reason! If you’re going to trust someone to guide your investment decisions, you’re going to want to know they’re qualified to do so! That’s why it takes quite a bit to get to the point of becoming a licensed broker.
While the specific requirements may vary from one region to another, the general process involves the following steps:
- Education: Prospective brokers must complete the necessary educational courses, which cover topics such as real estate law, ethics, finance, and marketing. These courses provide a comprehensive understanding of the industry and prepare individuals for the licensing examination.
- Experience: Many jurisdictions require aspiring brokers to gain practical experience in real estate by working as licensed real estate agents for a certain period. This requirement ensures that brokers have hands-on experience in the field before they take on the additional responsibilities of a broker.
- Licensing Exam: After meeting the educational and experience prerequisites, individuals must pass a licensing examination administered by the regulatory authority. This exam tests their knowledge of real estate laws, regulations, and practices.
- License Application: Aspiring brokers can apply for their real estate broker’s license once the exam is completed. The application typically involves providing documentation, paying the required fees, and meeting any additional criteria the regulatory authority sets.
What Makes Brokers Special? Insight, Access, Networks
We’ve taken a broad view of what a competent real estate broker can do for you and your portfolio, but let’s get specific. Working with a professional has many advantages, but let’s zero in on three — Insight, access, and networking.
Insight — Your Broker Knows the Market
Since brokers require a lot of training and education in order to qualify for their licenses, they’ve got a lot of theoretical expertise to draw on. But not only that, a good broker will continuously update their skills and stay abreast of the latest market trends. This combination of theoretical understanding and practical market experience can mean big dividends for their clients.
Not only will your broker have an expansive view of the landscape of investment at any given time, but they’ll also have neighborhood-specific knowledge that can mean the difference between success and failure in an investment. That’s worth thinking about when considering going it alone!
Access – Your Broker Has the Inside Track
The fact is that not all listings are available to the public. In fact, some of the most lucrative investment opportunities you may come across are exclusive and not widely available at all for any number of reasons. And your broker can unlock the door to many of these opportunities!
With the access that comes from working with an established broker, you’ll be able to invest with less competition in more desirable properties from an increased selection!
It’s also worth noting that some buyers might want to be discrete about their investments. A broker is great for preserving your privacy and escaping the roving public eye, which can, in turn, allow you to invest with less competition. That’s a win!
Networks — Your Broker Has Connections
Nobody ever did much of value on their own, and working with a professional broker, you don’t have to! And your broker is no different — they have an expansive network of professional connections and associations that works in your favor as a client.
These networks can mean the difference between working with a reliable contractor or someone who’ll waste time and money or forging a partnership with credible lenders or shady institutions actively seeking to place their lendees in an unfavorable position. The list goes on!
You’ve Got a Friend in Jones Aur!
Don’t miss out on all these benefits and a whole lot more! Jones Aur has decades of experience working with our clients in Memphis and Little Rock to develop lucrative, time-tested portfolios in the commercial real estate sector. We’re local to the region, and we know our market. Most importantly, we operate with integrity and stand behind every deal we make. Why not find out for yourself what a licensed broker can do for you? Give us a call or fill out this form today!