Commercial RE Apprentice/Training Programs

[Samia Bingham]

Hi,

I've been reaching out to some of my local commercial brokerages and have been told that they don't have the resources to train new commercial agents. Does anyone know of any commercial apprentice or commercial re training programs in the Washington, DC area? 

Thanks in advance!

~Samia

[Joel Owens]

So the residential agents say learn as you go for clients that are putting down millions of dollars per transaction or more??

It's obvious they do not know what they are talking about unless they are selling small 200k or 300k type mom and pop older commercial buildings.

I don't do any of that stuff. My deals are in the millions to tens of millions in price at a time. One retail center with 10 tenants and each having a different 40 page lease is 400 pages to look at not including LOI, purchase and sale,appraisal, environmental phase one, site inspection, survey, title exceptions,repair bids, service contracts, property management agreements, profit and loss statements, cam reconciliation reports, rent rolls, trialing 36 months, loan covenants, etc.

I just stopped but there is much more so one deal can have over 1,000 pages to review.

That's scary if a buyer is putting millions at risk with an unseasoned residential broker with dollar signs in their eyes dreaming of a big check. If a junior agent is handling such a transaction they are typically on a team and have a senior agent and a director above them. They are given much smaller tasks to learn and the seasoned professional is doing the high level stuff. As the new agent gets more knowledge they move up the ranks and are given more responsibilities on each transaction.