What's Keeping You From becomming a Commercial Real Estate Agent?
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Can't find lenders. This is the easy part, as long as the property has good cash flow (LTV & debt service) finding lenders is easy.
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Commercial loans take too long to close. Not really, most transactions close within 45 days from application.
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I can't beat local bank rates. False. Direct "wholesale" commercial mortgage lenders offer lower rates to brokers than they offer to their own retail customers. You'll win 9 out of 10 times.
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Not enough money. Most brokers charge 1-2 points on a commercial loan; so a $750K loan earns you a $7,500 commission or more.
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I'll get cut out of the deal. This rarely happens to a prudent broker with a signed fee agreement.
There's plenty of business for commercial real estate agents in Refinancing alone
The most successful commercial real estate agents deal directly with commercial property owners because most commercial properties have short-term loans with one to five-year balloon payments... so it's like being in a refinance boom that
never ends.
Becomming a Commercial Real Estate Agent is Easier than You Think
Brokers who offer commercial real estate loans can get wholesale rates and PAR pricing from lenders if they present the correct data and know the right lenders. Commercial real estate agents also don't have to sign up with commercial lenders
or fill out broker packages; they don't have to order the appraisal or title; they don't have to comply with RESPA; and they don't rely on realtor referrals or daily interest rate swings. Our training material will teach you all the necessary
steps to close commercial real estate loans on your own. You'll have lifetime access to submit your loans directly to us, where we find the lender, close the loan and split the broker commission 50/50 with you.
There is NEVER a finish without a start, and the associates at Wes-State Mortgage encourage you to start your new life today.
For more information about our Commercial Real Estate Agent Opportunities, fill out the form below.
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