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Commercial Real Estate Agent
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Overview
Job Description
This is a 100% commission-based, 1099 independent contractor position with unlimited earning potential. Compensation is derived solely from commissions earned on successfully completed transactions and may vary based on individual performance, transaction volume, and prevailing market conditions. In accordance with applicable state and local pay-transparency laws, the anticipated annualized commission range for individuals in this role is:
Inexperienced: $0.00 - $1,000,000+
Actual earnings will depend on the number and size of completed transactions and may vary significantly from this range. Marcus & Millichap is a multi-state employer and posted commission ranges are provided in good faith for compliance with all relevant pay-transparency regulations. These ranges may not reflect potential compensation for positions based in other states or regions. As an independent contractor, this role is not eligible for company paid benefits.
A day in the life of one of our Agents often includes:
- Following the roadmap supplied by mentors and our training program in an entrepreneurial and at times - independent autonomous manner.
- Participating in best-in-class training and ongoing skills-development workshops
- Contacting and advising clients, companies, and institutions in the development and execution of their individualized real estate investment strategies
- Preparing thoughtful analyses of clients' properties, including opinions of value, market comparables, and research
- Researching the local market and staying up to date on industry trends
- Marketing investment real estate internally, externally, and to clients who are active investors
- Collaborating with Senior Agents to achieve business and career goals with a clear “pathway to growth”.
- Networking with other industry professionals
A day in the life of our Agents often includes:
- Advising clients in the development and execution of their individualized real estate investment strategies
- Preparing thoughtful analyses of clients' properties, including broker opinions of value (BOV), market comparables, and research
- Researching the local market and staying up-to-date on industry trends
- Marketing exclusive property listings to qualified buyers
- Prospecting new client relationships, and networking with other industry professionals
- Negotiating exclusive listing agreements, and purchase and sales agreements
- Participating in best-in-class training and ongoing skills-development workshops
The traits of those that have a high likelihood of having success and fulfillment:
- Competitive – Athletes, top students, those that seek leadership positions and excelled
- High Capacity – Ability to dynamically think, learn, and problem solve
- Coachability – Individuals who possess a student mentality with a strong desire to implement what was learned.
- Commitment – Constantly seeking ways to improve with a vision towards long-term success.
- Communication Skills – All different types of communicators can succeed, but must be highly effective at your type
- Drive - Need to move forward.
- Urgency - Always thinking in ‘future’ terms
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