Becoming a Commercial RE Agent

[Lilian Chen]

Hi everyone, I juat graduated from college and currently have a full time job in commercial real estate fInance. I am trying to save up for a down payment and am thinking of becoming an agent on weekends. I felt that my quantitative background can give me a great advantage because I probably spend more time on excel analysing and building models than most agents out there. From my full time job, I’m also staying on top of developments in the neighborhood, since I live where my company is at and invests in. However, the two biggest worries is that I simply may not have enough time for being an agent. I usually get off work 7-7:30 PM, which is probably too late for any showings or prospecting. The other issue is I simply don’t have a car, and am hesitant to get one because it’s a big cost even if I get an old car. My questions are: 1. How can I become a commercial agent, and how is it different from becoming a residential agent? 2. Do I even have enough time to do this well - being responsible, making calls outside of work, etc. I don’t want to do this half heartedly. 3. Do I need a car, or could I possibly bike? Thank you so much in advance!