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Commercial Real Estate- Do you Have to have a license to broker commecial deals?

My understanding is you do not need to be licensed to get a CCIM designation, or work in the commercial real estate field. But can anyone point me to a reference, or a place where I can get more information. Thank you

Public Comments

1. Of course you have to have a real estate lic. to broker commercial real estate.
2. This unfortunately depends on if you are in the USA or outside the USA. Even in the USA, it varies from state to state. If you reside in the USA, the best source of information would be to contact your State Real Estate Commission, which is most likely responsible for recommending changes to legislation to your state legislature, implementing legislation already enacted, and supervising those under license/permit to perform those functions.
3. You betcha. Fraud and mis-representation otherwise. Check your states Real Estate Commission.
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5. It is my understanding that you do not have to have a broker's license to "Refer" a loan to a commercial bank. The bank will pay you for your "referral"; usually between 1-2% of the gross loan amount. You cannot charge the borrower a direct fee without a broker's license. I would check your local and state laws to make sure. You might not get a whole lot of help from people who already are brokers because they obviously don't want the competition. Always double check your sources. Hope that helps.