Commercial Estate Agents Flashcards
1
Q
What do commercial estate agents specialise in?
A
Properties that are used for business purposes.
2
Q
What are the roles of a commercial estate agent?
A
- Leasing and managing commercial properties.
- Selling commercial properties.
3
Q
Leasing?
A
Letting out properties.
4
Q
What are the key differences between a commercial estate agent and a domestic estate agent?
A
- Longer sale cycles
- Buildings are more expensive
- Average tenancy agreement is in place longer
- More specific building requirements
- Long lease is signed to ensure the owner gets a return on paid alterations
5
Q
Commercial estate agents need the same skills as estate agents, however with added emphasis on…
A
- Negotiation skills
- Knowledge of whats legally possible regarding property alterations
- Knowledge of the local commercial trading environment/trends
- Excellent relationships with building owners
