Many businessmen and people still wonder how a real estate broker works, or what is the purpose of a real estate agency? Let's start by saying that they play an important role for organizations and corporate leaders who want to be part of the dynamics of free zones, which is being successful for the Colombian business community.
For example, one of the most important newspapers in the country published an article titled: "Free zones and industrial parks boost competitiveness". Similarly, Analdex reported that for "the month of June 2023, exports from the country's free zones grew 31.6% compared to the same month in 2022, going from USD FOB 180.9 million to USD FOB 238.1 million in June 2023. Meanwhile, the weight of external sales recorded an increase of 77.3% from 234.3 thousand metric tons to 415.4 thousand metric tons".
There is no doubt about it! Free zones are a dynamizing agent of the economy and competitiveness. That is why it is important to understand how a real estate broker works, and what is the purpose of a real estate company? They have become allies for organizations to establish themselves in a free zone and enjoy its benefits.
From Zona Franca de Occidente we will discuss in this article what you should know about how a real estate broker specialized in free zones works and thus unravel its functions and responsibilities in this unique context that amalgamates real estate, economic and legal aspects in a synergic way.
When the scenario shifts to free zones, how a real estate broker works for delimited geographic areas where special economic regulations converge to promote investment and development, its role takes on even greater complexity and relevance.
Expert in free trade zone regulations
A real estate broker who specializes in free zones is an expert in the regulations and legislation governing these areas. This involves understanding the tax, customs and labor advantages offered to organizations operating in them.
In addition, in how a real estate broker works and what a real estate company is for, they should be aware of the industry sectors that can benefit the most from these advantages and know how to apply them in the process of searching and selecting properties.
Strategic identification of properties
At the heart of the work of a real estate broker specializing in free zones is the strategic identification of properties. This goes beyond simply finding a suitable location; it involves understanding the available infrastructure, proximity to ports or airports, transportation facilities, power and communication facilities, and other aspects crucial to successful commercial operations in a free zone.
So, what a real estate or specialized broker is for is also to thoroughly evaluate each property to make sure that it meets the specific requirements of the free zone and the client's needs.
Personalized advice and investment strategies
Each client has unique business and financial objectives when considering investing in or establishing a free zone. The broker should work closely with each to understand their particular needs and objectives.
This includes aspects such as property size, budget, growth potential and adaptability to future changes in the business. With this information, customized investment strategies are created to allow the client to take full advantage of the opportunities offered by the free zone.
Management of complex procedures
Acquiring or leasing a property in a free zone means dealing with a series of complex legal and administrative procedures. It is elementary to understand how a real estate broker works or what a real estate agency is for.
The specialized broker is the guide in this process, facilitating the obtaining of the necessary permits and licenses, as well as the coordination with local and governmental authorities. It helps users manage customs processes, understand import and export regulations, and ensure that all legal aspects are in order for a successful transaction.
Industrial networking and connections
A successful free zone broker must build and maintain a strong network of contacts in the industry. This involves establishing relationships with developers, investors, specialized lawyers, customs brokers and other key parties in the process. These connections can expedite transactions, provide up-to-date market information and provide access to exclusive opportunities.
The free zone environment
Free trade zones stimulate investment and job creation. In these enclaves, companies enjoy tax, customs and labor benefits, encouraging production and trade. In this particular ecosystem, the task of how a real estate broker works and what a real estate company is for takes effect, since in more specialized areas, it requires not only a deep knowledge of the real estate dynamics, but also a detailed understanding of the laws and regulations that govern these areas alienated from local governments.
Unbiased advice
The real estate broker provides objective and unbiased advice to his clients. This is especially useful for buyers, tenants and sellers who are emotionally influenced by the transaction.
In that sense, what a real estate company or a broker specialized in free zones is good for is that it also has an impartial role so that all the parties benefit, in this case, especially, a company can establish its operations in the free zone with the greatest amount of benefits, but that the other players see usufruct at the same time.
A real estate broker specialized in free trade zones is not just a traditional intermediary in real estate transactions. Their role implies a deep knowledge of specific regulations, the ability to identify strategic properties, the capacity to provide personalized advice and experience in managing complex procedures.
This specialization allows you to help your clients make the most of the unique advantages that free zones offer for business growth and successful investment. Do you understand the role of a specialized broker and what a real estate broker is for?
An interesting point that people are unaware of and why it is worth seeking help from an expert company to analyze what a real estate company is for, is because the real estate industry is undergoing constant changes due to technology and new ways of buying, leasing and selling assets, such as online platforms, in addition to the dynamism of supply and demand.
From Zona Franca de Occidente, we work in alignment with all parties for the benefit as a whole, demystifying the erroneous perception of some people about real estate brokers specialized in free zones, that they are only interested in obtaining commissions and not in the benefit of the client. This generates a negative perception and a lack of knowledge of the true value of how a real estate broker works and what a real estate company is for.
Do you want to understand more about a real estate broker in free zones? Contact our specialists who will be happy to answer any questions you may have, don't hesitate!
