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Demetree Real Estate Blog

5 Tools Every Broker Should Be Using

[fa icon="calendar"] 09.29.2016 / by Hunter Strickland

 

Commercial real estate brokering is a highly competitive field and, with more and more brokers using new online tools, it is more important than ever to stay up-to-speed. Here are a few tools that everyone in the brokerage industry should be using:

1. CoStar

CoStar is the industry leader in commercial real estate research, information, analytics, and online marketplaces. Brokers can use CoStar for the following tasks:

  • Getting a price analysis
  • Analyzing proposal terms
  • Organizing tasks
  • Targeted marketing solutions

For commercial real estate brokers who work in major markets, CoStar in an invaluable tool that can help you do better business.

2. Join.me

If you or your agents are regularly out of the office and working in the field, communicating can be difficult. Join.me is a great way to conduct meetings where you need to share your computer screen with multiple people. With up to 250 participants allowed to participate, this is an especially effective way to conducting sales meetings or training sessions with your staff. You can also record meetings for referencing later.

3. LeaseMatrix Office Space Calculator

LeaseMatrix is a great tool for property managers, building owners, and tenants to determine how much usable space is available. By inputting the total amount of each type of space (private offices, cubicles, common areas, meeting rooms, etc.) that is needed, users can find the total amount of usable, rentable space that is available.

LeaseMatrix also allows brokers to build their own profile page and increase their online presence. This is a huge benefit whether your are a seasoned broker or just starting out in the business.

4. Valuate

This web-based tool for commercial real estate brokers helps with valuations and investment analysis. Brokers can use it on their own or in concert with Excel, but there are plenty of reasons why Valuate works fine - even better - on it’s own.

Users can try it for free and edit the Cap Rate, Square Footage, Holding period, and other features. If you like it, you can create an account (also for free) and get access to a wider range of features.

5. PropertyMetrics

This is another valuation tool designed for commercial real estate brokers that has even more useful features. This tool helps your to run financial metrics, generate high-quality reports, and much more without relying on spreadsheets.

Key benefits of PropertyMetrics include:

  • Easy to Use - intuitive, user-friendly interface
  • Web-Based - access the software online without downloading or installing anything
  • Cost-Effective - one low monthly price without any contracts
  • Real-Time Interface - see results instantly as your make changes

CRE Brokering Tools

These are just a few online tools that are changing the real estate industry. Try some of these out for yourself and see how they can make your life easier and more productive.

4-reasons-you-need-to-hire-a-commercial-real-estate-broker

Topics: Brokerage

Hunter Strickland

Written by Hunter Strickland

Hunter Strickland joined Demetree Real Estate Services in 2016, focusing on office and retail property leasing and sales. He works on our central Florida brokerage team along with several other seasoned brokers. Hunter has previous experience in commercial real estate, with a specialty in representing medical office clients.