Property Biz Canada

Anatomy of a commercial real estate brokerage

On a recent Friday our Saskatoon ICR crew travelled to Regina to experience the shiny new Mosaic Stadium and support our Riders’ 37 -12 defeat of the Alouettes.

Barry StuartAlthough not the point of this story, I have to say it’s an impressive facility, one that this province can be proud of.

On our way to the game we stopped in to hook up with our Regina group and tour their new offices.

I was intrigued by a colleague’s account of an earlier visit to that office by another commercial real estate broker.

With the build-out appearing complete, this other broker was curious why doors weren’t installed on the individual offices.

He reported that his office has not only doors, but locks on those individual office doors.

Unique approach, unique results

My colleague explained that the design of his office was the same as all ICR offices … no office doors and no locks. The only place doors can be found are on client meeting rooms and bathrooms.

It’s difficult to sell to a client on the benefits of engaging a large firm unless I can demonstrate there is an internal culture of collective effort and trust.

The strategies that I employ to achieve my client’s goals are enhanced by the amount of experience I have as a broker.

I can, however, significantly increase the effectiveness of those strategies by harnessing the experience and network reach of my group.

There are times when a client requires confidentiality which necessitates a conversation take place behind closed doors. We have client rooms to facilitate those conversations.

The reason I write about this is because our model is unique for a large company.

A depth of sharing can be found in our business meetings that is uncommon in the industry.

To put it simply, there are many more deals that flow as a result of those meetings that just would not happen without the culture of trust.

You may ask, how do you assess the anatomy of a commercial real estate brokerage?

Visit their office.


Read more from: CommercialFeatured ColumnFeatured ColumnsProperty Biz CanadaThe Saskatchewan Edge

Barry Stuart

About the Author ()

Born in small town Saskatchewan, I began my real estate career in Saskatoon at a really early age in 1978. Although I can’t claim to be No 1 in North America…I hold bragging rights as the recipient of the 2008, 2009, 2011 & 2016 Top Producer Award for ICR Commercial Real Estate. As a broker licensed in Saskatchewan, we specialize in office and industrial leasing as well as commercial investment sales representing international, national and local clients. Some Previous Experience: Served on the Board of Directors of the Saskatoon Real Estate Board as Vice-President as well as Chairman of the Public Service, Arbitration, Membership, MLS and Public Relations Committees; Chair of St. Philip Neri Parish Council; Member of Canadian Ski Patrol System. I am a member of the Greater Saskatoon Chamber of Commerce, St. Philip Neri Parish, Saskatoon Club and the Saskatchewan Professional Marketing Association My wife Franki and I have five adult sons (we’re just beginning the grandparent stage of life). My interests include road cycling, Nordic walking, Pilates, downhill skiing and RV’ing.

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