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The prospect of moving into the highly-
Learn About Your Options
First, it’s important to know that you can have a career in commercial real estate development without actually being a developer. There are plenty of different careers that can help you enhance your family’s income and fulfill your life. Real estate company Crexi lists appraisal, asset management, and investor communications as a few of these.
Obtain Your License
You might want to start by becoming a commercial real estate agent. For this, you’ll need to obtain your license, which will have different eligibility requirements, depending on your state. You also have to take a pre-licensure course, pass your exams, and then find a brokerage that’s willing to hire you right out of school.
Get Familiar With Safety Protocols Like Lighting
There are dozens of ways to violate safety standards, and you should be familiar with both what is legally required and extra things you can do to keep your clients happy. One example, adding lighting in the parking garage. Parking garages are, by nature, dark, scary, and usually accessible to the public. The more light you can provide, the better off your clients staff and/or residents will be. A parking garage is ideal for a canopy or tunnel lighting system, which can help drivers and pedestrians alike see where they’re going. This can reduce accidents and adds to other measures to reduce crime.
Understand Marketing
Any time you’re building a new business, you have to create marketing materials. Creating a real estate development firm is no different. Start with an excellent logo, can be created online with a free or paid logo making software. Even if you don’t have visual design experience, it will have access to lots of complementary icons, text, and colors that can help you create the perfect brand for your new business. Remember, as Tailor Brands explains, the purpose of the logo is to grab attention, create a strong first impression, and to bolster your brand identity.
Understand Local Laws
Commercial real estate is full of legal issues that can stop some less-than-enthusiastic future developers in their tracks. We tell you this not to scare you off, but so that you are positioned to be more aware of the subtle ins and outs of commercial real estate. GetLegal offers lots of real estate resources, including information on real estate finance, land-use, construction law, and tenancy.
If the idea of making $3 million in gross profit every year sounds appealing, you might be motivated to begin a career in real estate development. But, you can’t let money alone decide if you are ready for a new career. You also have to be familiar with everything from laws to lighting and safety to marketing if you want to be successful. If you’re willing to do the research, go through the proper channels, and learn the ins and outs, you might just find the commercial real estate was your calling all along.
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