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As with other industries, specialization can help you command higher fees, so investing in commercial real estate training could be an effective way to boost your income. Commercial real estate license education and training options include:
- Enrolling in a commercial real estate school
- Taking online commercial real estate classes
- Receiving commercial property management certification
Action Steps
The best contacts and resources to help you get it done
Find commercial real estate schools in your area
You can take a commercial real estate course at a commercial real estate school, or at some colleges and universities. Many of these programs are short-term, and some can be completed while you continue working full-time.
I recommend: The Commercial Real Estate Institute in Phoenix offers intermediate to advanced commercial real estate classes, including commercial real estate certification in sales, leasing and lending. The CCIM Institute offers short-term commercial real estate classes across the country.
Take an online commercial real estate course
Online commercial real estate classes offer more flexibility, but still cover the same material as courses offered at a brick-and-mortar school. Many online schools offer the same variety, depth and opportunity for specialization as in a traditional setting.
I recommend: The National Association of REALTORS' REALTOR University offers online courses ranging from basic to advanced commercial real estate topics. Allied Real Estate School offers online licensing classes for all states.
Consider commercial property management training
In addition to selling property, many commercial real estate professionals also manage property. Receiving certification or licensure in this field can greatly expand your career opportunities, because not all real estate investors have the time or expertise needed to oversee the property--and so must hire a third party.
I recommend: The Institute of Real Estate Management offers several options for property management training, including webinars, home study courses, online classes and private training. You can also receive online commercial property management training through Ashworth College.
Tips & Tactics
Helpful advice for making the most of this Guide
- • If you choose an online commercial real estate school, make sure it is accredited in the state in which you plan to work.
- • If you need financial assistance for your commercial real estate training, you may be able to receive scholarships and grants through organizations for commercial real estate professional. Also, some commercial real estate firms may offer financial assistance for current employees, or for prospective employees in exchange for working for the company for a specified amount of time.
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Not all states require that real estate agents have a commercial real estate license to sell commercial real estate. However, even if it is not required in your state, having the license or becoming specialized in the field can enhance your career by giving you an edge over the competition. Here are things to consider before attending commercial real estate school:
1. Online commercial real estate classes are a convenient way to learn and work around your schedule. Make sure the school you choose is accredited in your state.
2. Look for real estate schools that offer a variety of classes in commercial real estate training to meet your state's requirements.
3. Search out a commercial real estate school that will allow you to earn certain designations in commercial real estate, such as a broker or an agent.
Action Steps
The best contacts and resources to help you get it done
Find out the requirements for commercial real estate licensing in your state
Requirements for a commercial property license vary from state to state. You should research your state to find out what kind of commercial real estate courses you will need to take to earn your license.
I recommend: The Association of Real Estate License Law Officials (ARELLO) has links to each state's real estate licensing board. These boards will tell you what kind of classes and licensing you need for your state. Go to the National Association of Realtors (NAR) and download the "CE Requirements by State" Excel file.
Find an online school to obtain your commercial real estate license
Online schools are a great way for you to earn commercial real estate certification. You can fit the classes around your schedule and you don't have to drive anywhere. Just make sure the school you choose is also accredited in your state.
I recommend: Performance Realty Solutions has a variety of classes including commercial property management training. The Learning Library and the CCIM Institute also offer a commercial real estate course.
Get involved in a commercial real estate association
By getting involved in a national commercial real estate association, you will be able to stay on top of the latest news and get some of the best training available.
I recommend: The AIR Commercial Real Estate Association has a multiple listing service exclusively for its members. The Association of Commercial Real Estate (ACRE) offers continuing education courses as does the National Association of Industrial and Office Properties (NAIOP).
Tips & Tactics
Helpful advice for making the most of this Guide
- • Many realtors who seek their commercial real estate license also have commercial property management certification. By both selling and managing the properties, many realtors have diversified their business.
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