Strong fit for candidates with investment sales experience who thrive in collaborative, in-office environments and are committed to developing market knowledge and underwriting skills in Los Angeles's commercial real estate sector.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Northmarq via Greenhouse
At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!
Northmarq is looking for an Associate Broker to join its Retail Investment Sales team in our Los Angeles, CA office. This role is ideal for a motivated individual eager to support Northmarq’s expanding investment sales team, working closely with senior brokers who are leaders in their fields. The Associate position is suited for adaptable candidates with a strong work ethic and ambition to excel in a collaborative sales environment. By collaborating with experienced brokers, the Associate will gain invaluable experience in Commercial Real Estate, focusing on Investment Sales, with the potential for significant earnings and career advancement. This role offers the chance to develop the skills needed to become a Broker, as Northmarq is dedicated to investing time and resources into accelerating your career and providing support through the Associate Broker program.
Associate - Commercial Real Estate
Northmarq - Los Angeles
Northmarq does not provide immigration sponsorship for this position. Candidates must possess unrestricted authorization to work in the U.S. for any employer, without the need for sponsorship now or in the future, to be considered for this position.
*This position is an in-office position.
Position Responsibilities:
Marketing to new and/or under-marketed clients, with a goal of generating new business.
Creating and building AB’s individual Business Plan that will include, at a minimum, a detailed plan on Relationship Building and Learning the Business.
Responsible for understanding and also preparing underwriting packages for investment real estate.
Responsible for learning the real estate market and sub-markets of Los Angeles, including getting to know brokers, title company employees, insurance agents, and others who can contribute to general market knowledge and marketing success.
Responsible for learning about deal structure, in all aspects of the prospecting and listing process
Ability to establish priorities and support the “Mentor/Coach” and objectives for the local office
Timeline of the AB Program (timeline is based on the individual and MD decision):
1st Year:
The AB will assist the office’s lead underwriter by learning company templates, interpreting owner’s financial statements, performing rent and sales surveys, and developing pricing skills. Additional learning at this time includes how physical attributes of properties affect values.
Database management, updating the office’s database with recent sales, ownership, and contact information. Develop a knowledge base of local market conditions, ownership, and sales inventory.
Prospect calling to prospective purchasers, leading to calling owners to prospect for listings, initially with the support and coaching from their MD or Senior Broker (mentor/coach).
2nd year: The AB will follow the same program as outlined in 1st year, expanding their market reach, and improving their market knowledge and skills, with daily activities closely monitored by the Managing Director or other senior broker (mentor/coach).
What We're Looking For:
Investment Sales experience preferred.
Relationship-building and sales skills are essential, with demonstrated results given significant consideration.
Negotiation and influencing skills and the ability to resolve issues that may arise in a deal are needed.
Knowledge of commercial real estate underwriting techniques, understanding of the financial characteristics of commercial property types, and ability to understand and advise clients in complex decision-making processes.
4-year college degree, preferred degrees will include finance, marketing, real estate, business promotion, and general business, but any degree program will be considered.
Ability to work independently and stay motivated
Strong work ethic and willingness to work extended hours when necessary
Ability to handle multiple projects and assignments; able to prioritize and meet deadlines
Effective verbal and written communication skills
Strong problem-solving and solution-finding skills to reflect level of responsibilities
Ability to maintain sensitive and confidential information
*The candidate must hold a current valid real estate license in the state where they will work prior to starting the program or be willing to obtain one within the first 120 days of beginning AB the program.
Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!
Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary for the Associate Broker position is $70,304.00 annually, plus incentive plan and full benefits package offered. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.
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Source: Northmarq careers (Greenhouse)