Spring 2013: The Young Professionals

Their Future is Today

According to the 2012 NAR Commercial Member Profile the median age of a full time commercial real estate professional is 57 but don't tell these professionals. In this issue of Commercial Connections ask some young agents who have made an impact in the commercial world how they have been able to learn from and keep up with their more experienced colleagues.

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In This Issue

NAR Expands Commercial Footprint: An important organizational change finds it roots in a recommendation from the Membership Structures PAG, which met throughout the summer last year.

REach™-ing For Commercial Mentors: REach™ offers NAR members a unique opportunity to work closely with these companies looking to shape how you and your clients conduct business in the future.

REALTORS® Have "Office Space” At RECon: Are you a REALTOR® attending ICSC RECon 2013 in May? NAR is providing space to meet with a client, write up a contract and close new business.

If there is one thing investors appear ready to do — perhaps even eager to do — it is to turn the page on the past few years. In general, investors want to put the past behind them, and although they may not know exactly where they are going, they know where they have been and that they do not want to return there.

The median age of REALTORS® working as full-time commercial real estate professionals is 57, according to the NAR 2012 Commercial Member Profile. This statistic surprises no one – accomplished commercial practitioners often come with a wealth of years of experience highly prized in the industry. Yet, there are many young professional REALTORS® thriving and producing in commercial real estate with much success.

After a chaotic 23 hour struggle regarding the fiscal cliff, the drama in Washington came to a close late Tuesday, January 1, 2013 as the fiscal cliff deal passed the U.S. House of Representatives and Senate. The legislation, entitled The American Taxpayer Relief Act, was signed into law by President Obama the next day.

Though the deal averted an immediate budget crisis, it set the stage for months of renewed confrontations between Republicans and Democrats over the debt ceiling, entitlement reforms, spending cuts beyond a two-month delay of massive budget cuts, and a long-term plan for deficit reduction.

In November 2012, the National Association of REALTORS® (NAR) announced REach™, a new type of accelerator program developed to introduce innovative technology companies to the real estate marketplace. REach™ is being developed through NAR’s strategic venture arm, Second Century Ventures.


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About Create

Create is a quarterly publication for commercial practitioners, members of the National Association of REALTORS® and commercial real estate industry leaders. Members can subscribe by updating your member profile information to include commercial interests in the "Field of Business" list.

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