Explore Commercial Real Estate Agent Schools (2024)

Looking to start your journey as a Commercial Real Estate Agent? Finding the right education is key. Here's a curated list of schools offering quality Commercial Real Estate Agent programs:

  • We've identified top institutions known for excellent Commercial Real Estate Agent education.
  • Options include both local schools and nationally recognized programs.
  • Each listing highlights relevant degree programs for aspiring Commercial Real Estate Agent professionals.
  • You'll also find information on related career paths in the field.

Browse through these options to find a program that aligns with your career goals in the Commercial Real Estate Agent industry.

Top Commercial Real Estate Agent Schools (2024)

View our ranking methodology here
#1Maricopa County

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891
#2Merrimack County

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091
#3Salt Lake County

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935
#4El Paso County

Colorado Technical University-Colorado Springs

Colorado Springs, CO

In-State Tuition:$12,036
Out-of-State Tuition:$12,036
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:24,808
#5Maricopa County

Grand Canyon University

Phoenix, AZ

In-State Tuition:$16,407
Out-of-State Tuition:$16,407
Admission Rate:78%
Graduation Rate:45%
Total Enrollment:101,816
#6Lynchburg City

Liberty University

Lynchburg, VA

In-State Tuition:$15,467
Out-of-State Tuition:$15,467
Admission Rate:99%
Graduation Rate:66%
Total Enrollment:96,709

Commercial Real Estate Agent Required Education (2024)

To pursue a career as a Commercial Real Estate Agent, you will need to meet certain educational requirements that can vary by state. Here are the minimum and advanced education options you should consider:

Minimum Education Requirements

  • High School Diploma or GED: Most states require you to have at least a high school diploma or a General Educational Development (GED) certificate. This foundational level of education is necessary to progress into more specialized training.

  • Real Estate License Course: After completing high school, you need to enroll in and complete a state-approved real estate licensing course. The number of required hours for coursework varies by state but typically ranges from 40 to 120 hours.

Advanced Education Options

  • Associate Degree: Some aspiring commercial real estate agents choose to obtain an associate degree in real estate, business administration, finance, or a related field. This can provide you with a more in-depth understanding of the industry's dynamics.

  • Bachelor’s Degree: A bachelor’s degree in real estate, business, finance, economics, or urban planning can be beneficial if you aim for more advanced roles within the commercial real estate sector. It may also enhance your prospects of gaining employment with reputable firms.

  • Post-Baccalaureate or Graduate Degrees: While not required, obtaining a master's degree such as a Master of Business Administration (MBA) with a focus on real estate or a Master’s in Real Estate Development can significantly increase your knowledge base and marketability in a competitive field.

Investing in your education is a critical step in your journey toward becoming a successful Commercial Real Estate Agent.

Commercial Real Estate Agent Professional Certifications & Licenses (2024)

To establish yourself as a Commercial Real Estate Agent, you will need to obtain specific licenses and certifications. These are essential for ensuring compliance with legal requirements and demonstrating your expertise in the field. Here’s what you typically need:

  • Real Estate License:
    Most states require a general real estate license to practice as an agent. This typically involves completing a state-approved education program and passing a licensing examination.

  • Commercial Real Estate Certification (CCIM):
    The Certified Commercial Investment Member designation is a prestigious certification for those focusing on commercial real estate. Earning it involves completing coursework in financial analysis, investment, market analysis, and negotiation, as well as demonstrating experience in commercial real estate transactions.

  • Real Property Administrator (RPA):
    The RPA designation, awarded by BOMI International, is geared towards those involved in commercial property management. It covers topics such as building operations, maintenance, and financial management.

  • Facility Management Professional (FMP):
    Offered by the International Facility Management Association (IFMA), this certification is designed for professionals seeking knowledge in facility management, which can be crucial for managing commercial properties effectively.

  • Leadership in Energy and Environmental Design (LEED) Accreditation:
    This certification, administered by the U.S. Green Building Council, focuses on sustainable building practices. It is valuable for agents representing properties that prioritize green technologies and sustainability.

  • Certified Leasing Specialist (CLS):
    The CLS designation indicates proficiency in leasing commercial properties and can enhance your credibility in negotiations and transactions.

  • Additional State-Specific Certifications:
    Some states may have their own certifications that are beneficial or required for specific types of commercial real estate transactions. Always check with your state's real estate commission for any additional requirements.

By acquiring these certifications and licenses, you not only fulfill legal requirements but also position yourself as a knowledgeable and competent professional in the commercial real estate sector.

Job Duties for Commercial Real Estate Agents

  • Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.

  • Obtain agreements from property owners to place properties for sale with real estate firms.

  • Sell, for a fee, real estate owned by others.

Technologies and Skills Used by Commercial Real Estate Agents

Data base user interface and query software

  • Microsoft Access
  • Yardi software

Internet browser software

  • Microsoft Internet Explorer
  • Web browser software

Presentation software

  • Microsoft PowerPoint

Basic Skills

  • Listening to others, not interrupting, and asking good questions
  • Talking to others

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Social

  • Bringing people together to solve differences
  • Talking people into changing their minds or their behavior

Commercial Real Estate Agent Internships, Apprenticeships & Practical Training

Gaining hands-on experience in commercial real estate is essential for building a successful career. Several opportunities exist for internships and apprenticeships that can provide you with valuable insights and practical skills. Here are some examples:

  • Internship with a Commercial Real Estate Brokerage

    • Many brokerages offer internship programs that allow you to work alongside experienced agents. During this time, you may assist in property research, attend client meetings, and help with listing preparations. This experience helps you understand market dynamics and develop skills like client communication and negotiation.

  • Real Estate Development Internship

    • Working for a real estate development firm can expose you to site analysis, zoning regulations, and project management. You will likely engage in tasks such as data collection, property assessment, and market analysis, providing a comprehensive understanding of the development side of commercial real estate.

  • Property Management Internships

    • Interning with a property management company allows you to learn about leasing practices, tenant relations, and facility maintenance. You may participate in routine property inspections, handle inquiries from tenants, and assist with marketing vacant spaces. This role enhances your operational knowledge of commercial real estate.

  • Corporate Real Estate Apprenticeship

    • Some corporations have in-house real estate departments that manage their property portfolios. An apprenticeship in this setting often involves supporting strategic real estate decisions, conducting market research, and analyzing financial data on lease agreements and property acquisitions.

  • Investment Firm Internships

    • Joining an investment firm focusing on real estate can provide insights into property valuation, capital raising, and investment analysis. Your responsibilities may include conducting market research, assessing investment opportunities, and preparing reports that guide investment decisions.

  • Networking and Educational Programs

    • Participating in programs organized by industry associations, such as the Urban Land Institute (ULI) or the National Association of Realtors (NAR), can open doors to internships and mentorship opportunities. These organizations often host workshops and networking events that connect aspiring agents with experienced professionals.

Securing internships or apprenticeships in the commercial real estate sector not only builds your resume but also establishes valuable connections within the industry. Look for opportunities that match your career goals and provide a foundation for future success.

Commercial Real Estate Agent Continuing Education & Professional Development (2024)

To advance your career as a Commercial Real Estate Agent, engaging in continuing education and professional development is essential. Here are the key opportunities available to you:

  • State Licensing Requirements: Stay informed about your state’s continuing education requirements for maintaining your real estate license. Most states mandate regular continuing education courses, which may cover legal updates, ethics, and market trends.

  • Specialized Certifications: Consider pursuing certifications that focus on specific areas within commercial real estate. These may include:

    • Certified Commercial Investment Member (CCIM): Offers education in financial analysis and market analysis.
    • Society of Industrial and Office Realtors (SIOR): Focuses on office and industrial real estate markets.
    • Accredited Land Consultant (ALC): Specializes in land brokerage.

  • Workshops and Seminars: Attend workshops and seminars hosted by real estate associations, local chambers of commerce, or educational institutions. These events often provide insights into market trends, investment strategies, and property management.

  • Online Courses: Leverage online platforms offering courses on various topics within commercial real estate. Focus on topics such as investment analysis, property management, and market research to enhance your skills from the comfort of your home.

  • Networking Events: Engage in networking events specifically targeting commercial real estate professionals. These gatherings can facilitate connections with industry leaders and peers, providing opportunities for mentorship and collaboration.

  • Industry Conferences: Participate in national and regional real estate conferences. These events feature panels, discussions, and presentations by industry experts and can be invaluable for your professional growth.

  • Professional Associations: Join organizations such as the National Association of Realtors (NAR) or the Commercial Real Estate Development Association (NAIOP). Membership often includes access to exclusive educational resources, market reports, and networking opportunities.

  • Mentorship Programs: Seek a mentor within the industry who can offer guidance and share their experiences. A mentor can provide valuable insights into navigating challenges and advancing your career.

  • Stay Informed: Regularly read industry publications, subscribe to real estate newsletters, and follow relevant blogs and podcasts. Staying updated on market trends and economic indicators can enhance your decision-making and client consultations.

By actively pursuing these continuing education and professional development opportunities, you can enhance your expertise, stay competitive in the commercial real estate market, and ultimately, foster a successful career.

What To Look For When Deciding On Campus vs Online Degree Programs for Commercial Real Estate Agents (2024)

When considering education programs for becoming a Commercial Real Estate Agent, you have the option of pursuing online or campus-based learning. Each modality offers distinct advantages and limitations that can influence your decision based on your personal preferences, learning style, and professional goals.

Online Education Programs

  • Flexibility: Online programs allow you to learn at your own pace. You can access course materials anytime, making it easier to balance your studies with work or personal commitments.

  • Accessibility: Regardless of your geographical location, you can enroll in programs offered by institutions worldwide. This expands your choices significantly beyond local campuses.

  • Variety of Formats: Many online courses offer different learning formats, including recorded lectures, interactive content, and forums for discussion, which can cater to various learning styles.

  • Cost-Effectiveness: Online programs often come with lower tuition fees compared to traditional colleges. You also save on costs related to commuting and campus facilities.

  • Self-Motivation Required: Online learning demands a higher level of self-discipline and motivation. You need to manage your time effectively to keep up with coursework and deadlines.

Campus-Based Education Programs

  • Structured Environment: Campus programs provide a more traditional learning experience with a set schedule. The structure can help students stay focused and engaged.

  • Face-to-Face Interaction: Attending classes in person allows for direct interaction with instructors and peers. This can enhance your understanding of complex topics and provide networking opportunities.

  • Hands-On Experience: Many campus programs offer practical components such as workshops, labs, or field experiences that can enrich your learning and prepare you more effectively for real-world scenarios.

  • Access to Resources: Campus-based students often have access to various resources, including libraries, study spaces, and career services, which can support your education and job search efforts.

  • Less Flexibility: Campus programs usually require a set attendance schedule, which might not be feasible for everyone, especially if you have other commitments like work or family.

Considerations for Your Choice

  • Learning Style: Reflect on whether you thrive in a structured classroom environment or prefer the autonomy of online learning.

  • Career Goals: Consider how each program aligns with your professional objectives. Some employers may have preferences for graduates from specific programs or formats.

  • Time Commitment: Evaluate your current commitments and whether you can accommodate a fixed schedule or would benefit from the flexibility of online courses.

  • Networking Opportunities: Think about how important face-to-face networking is for you and how online programs can create networking in different ways, such as virtual meetups or webinars.

By weighing these factors, you can determine which educational path best suits your needs and helps you achieve your aspirations in the commercial real estate field.

Commercial Real Estate Agent Typical Career Path (2024)

As a Commercial Real Estate Agent, your career can progress through various levels, from entry-level positions to advanced roles. Understanding these stages can help you navigate your professional development effectively.

Entry-Level Positions:

  • Real Estate Assistant: In this role, you will support seasoned agents with administrative tasks such as organizing paperwork, managing schedules, and coordinating property showings. This position helps you gain firsthand exposure to the industry.
  • Leasing Agent: You will focus on leasing properties and marketing available spaces. This role offers a foundational understanding of tenant relations and leasing processes, often requiring a real estate license.
  • Property Management Assistant: Assisting property managers, you will learn about property operations, tenant communications, and maintenance issues. This position provides valuable insights into the management side of real estate.

Mid-Level Positions:

  • Commercial Real Estate Agent: With some experience and a substantial client base, you will represent buyers and sellers in commercial real estate transactions. Focus will be on networking, negotiations, and closing deals while deepening your industry knowledge.
  • Broker: After acquiring your broker's license, you may manage a team of agents or focus on higher-stakes transactions. Brokers take on additional responsibilities, including overseeing compliance and training new agents.
  • Property Manager: In this role, you will be responsible for the performance of specific properties, managing budgets, tenant relationships, renovations, and overall property maintenance.

Advanced Roles:

  • Senior Commercial Real Estate Agent: With significant experience and a robust reputation, you will handle high-value transactions and may begin to specialize in certain sectors, such as retail or office spaces.
  • Commercial Real Estate Broker: As an independent broker or manager of a brokerage, you'll oversee operations, mentor agents, and make strategic decisions aimed at growing the business.
  • Real Estate Developer: Transitioning into this role, you will be involved in large-scale projects, from identifying potential sites to overseeing construction and leasing spaces, requiring strong project management and financial acumen.

Pursuing continuing education, gaining relevant certifications, and building a professional network are essential for advancing through these career stages.

Related Fields and Alternative Career Paths to Commercial Real Estate Agents (2024)

If you are pursuing a career as a Commercial Real Estate Agent, you'll find that various related fields or alternative career paths can utilize your skills and educational background. The following options may resonate with your interests and career goals:

  • Real Estate Appraiser

    • Focuses on determining the value of properties.
    • Requires knowledge of property market trends, locality economics, and property conditions.
    • Education and licensing requirements can often be met through similar coursework in real estate.

  • Property Manager

    • Manages residential, commercial, or industrial properties, ensuring they operate smoothly and efficiently.
    • Skills in negotiation, customer service, and operational oversight are essential, aligning closely with those developed in commercial real estate.
    • You may find opportunities in property management companies or self-management contexts.

  • Real Estate Analyst

    • Engages in market research and data analysis to guide investment decisions.
    • Strong analytical skills and understanding market trends are necessary, which are part of a Commercial Real Estate Agent's skill set.
    • Often requires a background in finance, economics, or a related field, but real estate courses provide a solid foundation.

  • Urban Planner

    • Involves developing plans and programs for land use in urban areas, which can intersect with commercial real estate development.
    • A background in zoning laws and real estate financing can be advantageous.
    • This role often requires additional education, such as a master’s degree in urban planning, but your foundational knowledge can be beneficial.

  • Commercial Leasing Consultant

    • Specializes in leasing spaces to businesses and negotiating lease agreements.
    • Skills in sales, negotiation, and market analysis directly translate from your education as a Commercial Real Estate Agent.
    • This role may be more focused on tenant relations and market dynamics of leasing rather than sales.

  • Real Estate Investment Trust (REIT) Manager

    • Works with investment groups to manage portfolios of real estate investments.
    • Requires expertise in financial analysis, market trends, and property management, similar to real estate agency roles.
    • A background in finance or investment principles, often reinforced through real estate courses, is valuable.

  • Real Estate Developer

    • Involves overseeing the development of new properties from conception to completion, requiring knowledge of market demand and financing.
    • Shares similarities with the skills needed in commercial real estate, such as negotiation, project management, and market analysis.
    • This path might require additional experience in project management or a related field.

  • Corporate Real Estate Manager

    • Works within corporations to manage the real estate needs of the business, from acquisitions to lease management.
    • Your knowledge of market trends and negotiation is pivotal in this role.
    • Understanding corporate finance may be an added advantage for this career path.

By leveraging the skills and knowledge acquired in your journey toward becoming a Commercial Real Estate Agent, you can pivot effortlessly to these related fields. Each of these roles offers unique challenges and opportunities, allowing you to apply your expertise in diverse and rewarding ways.

Commercial Real Estate Agent Frequently Asked Questions (FAQs) (2024)

  • What education do I need to become a commercial real estate agent?
    In most states, you need at least a high school diploma or equivalent to start your career in commercial real estate. However, obtaining a bachelor's degree in business, finance, or a related field can enhance your prospects and prepare you for the complexities of the industry.

  • Is a real estate license necessary?
    Yes, a real estate license is mandatory to practice as a commercial real estate agent. The requirements for obtaining a license vary by state, typically including a specific number of hours of pre-licensing education, passing a licensing exam, and completing continuing education courses.

  • How long does it take to get a real estate license?
    The time frame to obtain a real estate license can vary depending on state requirements and how quickly you complete the necessary coursework and exams. Generally, it can take anywhere from a few weeks to several months.

  • What types of courses should I take?
    Look for courses that cover real estate principles, property management, finance, contracts, and law. Some states also require coursework focused on commercial real estate specifically, so it’s wise to research local educational criteria.

  • Do I need a degree in real estate?
    While it's not required to have a degree specifically in real estate, a degree in business, finance, or economics can give you a strong foundational understanding of the market and helpful business skills.

  • Are there certifications available for commercial real estate agents?
    Yes, there are several certifications, such as the Certified Commercial Investment Member (CCIM), which can enhance your credibility and demonstrate expertise in commercial real estate to potential clients.

  • What continuing education is required after obtaining my license?
    Continuing education requirements vary by state, but most require you to complete a certain number of hours of coursework every few years to maintain your license. Stay informed about your state’s regulations to ensure compliance.

  • Can I work in commercial real estate without prior experience?
    Yes, it is possible to start your career in commercial real estate without prior experience. Many agents begin their careers by working under a more experienced broker or joining a firm that provides training.

  • What skills are important for success as a commercial real estate agent?
    Key skills include strong communication, negotiation, analytical abilities, market knowledge, and customer service. Having a solid understanding of finance and property valuation is also beneficial.

  • Is it beneficial to have a mentor in this field?
    Yes, having a mentor can be incredibly beneficial. A mentor can provide guidance, share valuable insights about the industry, and help you develop your professional network.

Additional Resources for Commercial Real Estate Agents (2024)

  • National Association of Realtors (NAR)

    • Website: www.nar.realtor
    • NAR provides extensive resources on licensing, education, and best practices in real estate. Their commercial division specifically caters to commercial agents.

  • Real Estate License Lookup

    • Website: www.ncrec.gov
    • Each state's real estate regulatory authority will provide specific licensing requirements, continuing education resources, and verification of licenses.

  • CCIM Institute

    • Website: www.ccim.com
    • The Certified Commercial Investment Member (CCIM) program offers in-depth education, networking opportunities, and certification for commercial real estate professionals.

  • Commercial Real Estate Development Association (NAIOP)

    • Website: www.naiop.org
    • NAIOP delivers educational programs, advocacy, and resources targeted at commercial real estate development and investment.

  • International Council of Shopping Centers (ICSC)

    • Website: www.icsc.com
    • ICSC provides industry insights, networking opportunities, and educational resources specific to retail real estate professionals.

  • Real Estate Educational Services

    • Website: www.realestateedu.org
    • Offers pre-licensing and continuing education courses catered to aspiring and current commercial real estate agents.

  • LoopNet

    • Website: www.loopnet.com
    • A leading online marketplace for commercial real estate listings, which serves as a valuable research tool for market analysis.

  • BiggerPockets

    • Website: www.biggerpockets.com
    • An online community dedicated to real estate investors with forums, blogs, and educational resources on commercial real estate investing.

  • Realtor.com – Commercial

    • Website: www.realtor.com/commercial
    • Offers insights into commercial property listings and market trends, helping agents stay informed about the sector.

  • Commercial Mortgage Brokers Association (CMBA)

    • Website: www.cmba.com
    • Provides education, networking, and resources for commercial mortgage brokers and real estate agents interested in financing.

  • Local Real Estate Boards and Associations

    • Most states have local real estate boards that provide resources, continuing education, and networking opportunities. Check for your local chapter on platforms like NAR's Local Boards page.

  • Educational Platforms (Udemy, Coursera)

    • Search for courses related to commercial real estate on platforms like Udemy or Coursera to enhance your knowledge and skills in specific areas such as investment analysis or property management.

Utilize these resources to deepen your understanding of the commercial real estate industry, fulfill educational requirements, and stay competitive in your career.