Before we continue to talk about industrial agents, it is important to first understand the concept of agents with respect to the real estate industry. An agent of the real estate industry is a licensed professional who is entrusted and engaged with various responsibilities involving real estate transactions. Real estate agents are employed by property owners as well as prospective property buyers and assigned the duty of brokering real estate deals for their clients. Such agents are virtually appointed as the representatives of their clients in negotiations involving the sale and acquisition of real estate. Real estate agents are typically compensated solely through a commission that includes a specific percentage of the total transacted price of the property in question.
Now that we understand what a real estate agent actually means, we can move on to the topic of industrial agents. An industrial agent is nothing but a real estate agent that is exclusively engaged in real estate transactions involving industrial or commercial properties. It should be noted that the responsibilities and duties of an industrial agent largely differ from those of a residential real estate agent. This is because industrial or commercial properties consistently take a longer time when it comes to looking for suitable tenants or buyers. The sale of industrial properties often requires substantial systematic research on part of the industrial agents in terms of analytical data and financial information. This dramatically makes it a more complicated process.
Industrial real estate broadly refers to those lands and properties that efficiently accommodate industrial activities. Such industrial activities may include the production, manufacture, storage, and distribution of various goods and products. Every city or district has specifically designated areas for the construction and operation of industrial properties. This is done by the government to make sure that the industrial activities of such properties do not intervene with or obstruct the residential properties or businesses that would have otherwise been located close by.
Industrial real estate tends to be a lucrative choice when it comes to the career options available to real estate agents. This is owed to the fact that industrial agents often earn higher commissions in comparison to residential real estate agents. This is because industrial properties are much larger and exorbitantly priced which leads to considerably higher commissions. At the same time, it should be noted that industrial real estate is a demanding and complicated territory that requires industrial agents to be more resilient, informed, and perceptive in their duties.
