Commercial Real Estate Agent at Marcus & Millichap

Detroit, Michigan, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

NoVisa

Commercial Real Estate, Real Estate InvestmentIndustries

Requirements

Real estate license (required, can be completed in conjunction with training)
Ability to work onsite five days per week in Southfield, MI office
Eligible for 1099 independent contractor role (no company-paid benefits or visa sponsorship)

Responsibilities

Follow the roadmap supplied by mentors and training program in an entrepreneurial and autonomous manner
Market investment real estate internally, externally, and to active investor clients
Collaborate with Senior Agents to achieve business and career goals
Contract and advise clients in the development and execution of their real estate investment strategies
Prepare analyses of clients' properties, including broker opinions of value (BOV) and market comparables
Market exclusive property listings to qualified buyers
Prospect new client relationships and referral sources
Negotiate offers, exclusive listing agreements, purchase and sales agreements
Participate in training and ongoing skills-development workshops
Research ownership records, market data, and industry trends
Attend networking and industry events and connect with professionals

Skills

Key technologies and capabilities for this role

Real Estate LicenseInvestment Real Estate MarketingClient AdvisingContract NegotiationBrokerageBusiness DevelopmentNetworkingMarket Analysis

Questions & Answers

Common questions about this position

What is the compensation structure for this role?

This is a 100% commissioned, 1099 role with unlimited earning potential.

Is this position remote or onsite?

This position is in the Southfield, MI office and requires onsite work five days per week.

What skills or qualifications are required for this Commercial Real Estate Agent role?

A real estate license is required, which can be completed in conjunction with training. The role involves marketing properties, prospecting clients, preparing analyses like broker opinions of value, negotiating agreements, and researching market data.

What is the company culture like at Marcus & Millichap?

The company is built on a culture of collaboration, long-term relationships, and providing specialized market knowledge with a focus on training, coaching, and support from non-competitive management.

What makes a strong candidate for this entry-level agent position?

Candidates should be entrepreneurial and able to work independently while following the training roadmap, collaborating with senior agents, and actively prospecting and networking to build client relationships.

Marcus & Millichap

Commercial real estate brokerage and advisory services

About Marcus & Millichap

Marcus & Millichap specializes in commercial real estate investment sales, financing, research, and advisory services across the United States and Canada. The firm operates with a team of 2,000 professionals in 80 offices, serving clients such as real estate investors, property owners, and developers. They assist clients in buying, selling, and financing various types of commercial properties, including multifamily housing, retail, office, industrial, and hospitality. The company earns revenue primarily through commissions on property sales and financing arrangements, as well as fees for their research and advisory services. What sets Marcus & Millichap apart from competitors is their focus on specialization, commitment to client results, and the integration of research and technology to enhance their services. Their goal is to provide tailored solutions that lead to successful outcomes for their clients in the commercial real estate market.

Calabasas, CaliforniaHeadquarters

1971Year Founded

$28.1MTotal Funding

IPOCompany Stage

Consulting, Real EstateIndustries

1,001-5,000Employees

Benefits

Medical

Dental

Vision

Flexible Spending Plans (Medical, Dependent Care, Commuter)

401(k) Plan with Company Match

Company Sponsored Long-Term Disability Coverage

Additional Voluntary Long-Term Disability Coverage

Company Sponsored Group Life/AD&D

Additional Voluntary Life/AD&D

Employee Assistance Program (EAP)

Paid Time Off (paid vacation time, paid sick time, and paid Company holidays)

Educational Assistance

Employee Referral Program

Fitness Membership Discount Program

Credit Union Membership

Risks

Rising interest rates may reduce the volume of commercial real estate deals.

Remote work trend could decrease demand for office spaces.

E-commerce growth challenges demand for traditional retail properties.

Differentiation

Largest firm specializing in real estate investment sales and financing in North America.

Operates over 80 offices with 2,000 professionals in the U.S. and Canada.

Focuses on specialized services tailored to commercial real estate clients' needs.

Upsides

Increased demand for grocery-anchored retail centers boosts transaction opportunities.

Growing interest in high-quality medical properties enhances market appeal.

Significant investment opportunities in North Jersey's multifamily sector.

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