RE/MAX Commercial Symposium Explores “New Normal” of Industry Trends | News
DENVER, September 13, 2021 / PRNewswire / – Today RE / MAX Commercial® concluded its two-day trade symposium for affiliate commercial real estate professionals. Located at the Denver Marriott South Park Meadows in. instead of Lonely tree, Colorado, this premier event was open to the entire RE / MAX network and provided RE / MAX trade practitioners with ideas, information, and strategy as they navigate the “new normal” of commercial real estate.
The 14th annual event featured industry experts, innovators and veterans discussing how the commercial real estate market is evolving, as well as an opportunity for industry representatives to network with each other and nationally recognized speakers to discuss business growth strategies.
Rick Sharga, Economist and Executive Vice President of RealtyTrac, helped open the event with an industry update and overview. Sharga assessed the current state of the industry and provided insights into commercial property development, noting that commercial property is making strong returns in many real estate sectors and segments after a pandemic slump.
“From a commercial perspective, the economic recovery has exceeded expectations,” says Sharga. “It is possible that all 22 million jobs lost to the recession will be restored by 2022, which is phenomenal, but the recovery varies by market sector and the service industry is lagging behind, threatening the retail and hospitality markets, too the industrial and apartment building sectors are the clear winners after the pandemic. “
Steve Weikal, Head of Industrial Relations what is Center for Real Estate, was the keynote speaker at the conference. Weikal delved into the ongoing technological development in commercial real estate and provided an insight into the emerging trends that will change the “rules of engagement” within the industry. Weikal pointed out that artificial intelligence data, machine learning and augmented reality are making real estate smarter, but that evolving technology cannot replace the real estate agent’s role.
“There may be an impending disruption in commercial real estate with the continued advancement of technology, but these advances are no substitute for human engagement,” says Weikal. “There will always be a need for face-to-face interaction in a real estate transaction. Licensed brokers have unique knowledge and can reassure clients and answer questions that technology tools simply cannot replicate.”
Other speakers and topics presented were:
- Greg Diodati, Broker Associate at RE / MAX Gold Commercial, Randy Olivier, RE / MAX Advantage Agent, and John Hamner, Agent / Owner of RE / MAX Excalibur. These industry veterans and Certified Commercial Investment Member (CCIM) agents discussed best practices in the evolving and ever-changing world of commercial brokerage.
- Patricia Cain, Owner of RE / MAX Ascend Realty, Doug Jennings, RE / MAX Commercial Alliance recruitment agent and Mark Hulsey, Managing Broker of RE / MAX Results Commercial Group, discussed the benefits of expanding and expanding commercial presence within an existing franchise company.
- Tom Rossiter, President and CEO of RESAAS, provided a comprehensive roadmap for the effective use of network recommendations.
- Inside insight into what it takes to build a successful trading company has been provided by a panel of experts including RE / MAX Commercial Capital Broker / Owners Scott Hughes, RE / MAX Results Commercial Group Managing Broker Mark Hulsey, MIT Center for Real Estate Head of Industry Relations Steve Weikal and RE / MAX Right Choice Broker / Owner Jeff Wright.
In 2020, over 8,000 RE / MAX Associates completed more than 39,000 commercial transactions in over 90 countries for total sales of $ 11.6 billion. Today there are over 30 commercial franchises and nearly 650 commercial divisions on the RE / MAX network.
“Our role at RE / MAX Commercial is to ensure that our subsidiaries are up to date with the latest technology and industry trends,” says Mike Reagan, RE / MAX Senior Vice President, Industry Relations and Global Growth & Development and Head of the RE / MAX Global Commercial Network. “Our RE / MAX brokers see the value of having a commercial department in their office to keep referrals internal, grow their presence in their local communities, and be recognized within their networks as leading real estate industry experts in both residential and commercial. “
Via the RE / MAX network
As one of the world’s leading real estate franchisors, RE / MAX, LLC is a subsidiary of RE / MAX Holdings (NYSE: RMAX) with nearly 140,000 agents in more than 110 countries and territories. Nobody in the world sells more properties than RE / MAX when measured by residential transaction pages. RE / MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture that gives its agents and franchisees the flexibility to run their businesses with great independence. RE / MAX agents have lived, worked, and served in their local communities for decades, raising millions of dollars each year for Children’s Miracle Network Hospitals® and other charities. Visit www.remax.com to learn more about RE / MAX, browse housing listings, or find a representative in your community. For the latest news about RE / MAX, please visit news.remax.com.
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SOURCE RE / MAX, LLC