How can I tell if a commercial real estate broker is licensed and qualified?

To determine if a commercial real estate broker in Florida is licensed and qualified, you must first investigate their credentials. First, contact the Florida Real Estate Commission (FREC) to make sure the individual holds a valid broker license. FREC offers a free online database of licensed brokers and their license numbers. You should then look at the broker’s qualifications and experience. Verify that the broker has completed the necessary training and educational requirements. Ask about their experience in the commercial real estate field, the types of transactions they have completed, and inquire about any designations they may have. You should also obtain references from other professionals in the real estate industry. Ask the broker for a list of past clients they have worked with and contact them to find out their experiences. Lastly, have an attorney review the broker’s agreement to make sure you understand all of the provisions in the contract. By taking these steps, you can ensure that the commercial real estate broker you are considering is licensed and qualified.

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