Phoenix Commercial Real Estate Broker: Office Jobs Up Through 2007

Phoenix, Arizona has experienced significant job growth for Real Estate Brokers specializing in the area of Commercial Real Estate. Part of the reason stems from simultaneous growth in Commercial Real Estate business in the city which is considered as the primary Real Estate Market in Arizona. Secondary markets include cities such as North Phoenix, Glendale, Peoria, Scottsdale, Carefree, Cave Creek, Paradise Valley, Anthem, Flagstaff, Sedona, and Prescott. These cities have also experienced some growth in their Commercial Real Estate sectors. Commercial Real Estate includes such developments as, Apartments, Office Buildings, Industrial Buildings, Retail Centers, Mobile Home Parks, RV Parks, Shopping Centers and Special Purpose Buildings.

Duties of the Phoenix Commercial Real Estate Broker

The commercial real estate agent is responsible for marketing available commercial properties; it is a fast paced and challenging opportunity which requires highly motivated individuals and self-starters. Some Real Estate Companies offer Real Estate Brokers daily leads and contacts with potential buyers. Growth in Arizona Commercial Real Estate business and Jobs is projected to continue to grow through 2007.The Commercial Real Estate Broker’s detailed duties includes:

• Helps in the preparation of sale agreements, Title examinations and reviews, and in the coordination of the various parties involved in the deal
• Preparation of closing documents for the transaction
• Helps to complete the sale from the initial stage involving the letter of intent to the closing
• Other necessary duties and procedures

Qualifications requirements

A typical Real Estate Broker is expected to have about 5-7 years of experience in commercial real estate process; such individuals must be well-organized persons, with good communication skills and abilities, since the job requires dealing with the public. The Real Estate Broker is also expected to have experience in working with people particularly with owners, and potential buyers. Such persons must be able to draft and modify documents in addition to prioritizing multiple tasks. As a fast paced industry such candidates should be able to work under pressure. Commercial Real Estate brokers are generally required to possess adequate knowledge of the area of work, as well as the market place. They should be licensed and must hold a current real estate license.

Compensation Packages

Commercial Real Estate Brokers in the Phoenix area receive competitive base salaries and commission packages in line with industry standards. To attract the best talent, individuals employed in such jobs are offered comprehensive benefits packages including Medical Insurance, Retirement Savings, Paid Time Off, and other benefits.

Source: Paul Oranika