How do I become a commercial real estate broker?What is the salary range?Info: I'm 21 yrs old I live in CA.
You will have to take several courses and get your real estate salesperson's license and work for a broker, you can find more info at the California Department of Real Estate website. There is no salary generally, real estate agents in CA work for straight commission which is good in a way because there's no ceiling in your income, but bad because there's also no floor.
To become a commercial real estate broker you need to get your real estate license in the state where you are planning on practicing. I believe there are online courses and exams to get this done. You will most likely also need a college degree. Getting your foot in the door won't be easy but not impossible. Some ways of making contacts in the industry are to attend networking events where you can meet other brokers, and maybe try and get an internship with a commercial real estate company. Most brokers are paid commission on the deals they close, not a salary. With that said, the income range can be very broad depending on how many deals you close throughout the year. There are lots of factors that will influence your commissions - economic conditions, the type of space leased/sold, the commission split with your employer, etc. I've seen commission checks for amounts from $200 to $20,000.
