A commercial real estate broker acts as a link between the people who want to sell the property and those who want to buy the property.
This association is based on one thing that is trust. The broker is responsible for certifying that the transaction of properties is done in a fair way and according to the law.
Most often the commercial brokers have people working under them, known as salespeople. These salespeople are called as real estate agents. The salespeople are responsible for representing the seller or the buyer during the transactions so that they may achieve the best results.
The real estate agent who is from the seller’s side make certain that his client gets the highest possible value for his property, while the agent representing the buyer will try to get the lowest possible price for the property.
In many cities of United States, such as New York, it is compulsory for the commercial real estate brokers to have a license before they can make purchase of property and negotiate the sale. The broker can work either as an agent for some company or the owner of a company.
There are numerous ways in which a commercial real estate NYC broker can get a certification. One way is by joining some course or school and passing the state exam for brokers. Another one is to be in a position that would allow you to ask for and receive the certification.
Earlier it was recommended that the dealings between the sellers and buyers should be restricted to the sale and purchase of property, without being involved personally.
But later on it was suggested that the real estate brokers and agents cannot help the sellers and buyers until and unless they share a special bond of trust between them. And hence we can find such type of relationship between the two parties even today.