The Society of Industrial and Office Realtors is an international commercial and industrial industry professionals association based in Washington, DC It offers professional designation (SIOR) for commercial brokers and other industry professionals. Its membership consists of about 3,000 individuals and organizations in more than 630 cities in 32 countries. The SIOR designer may hold the following specific designations: industry, office, sales manager, executive manager, or consulting service. SIOR also includes associate members, who are corporate executives, developers, educators, and others involved in the commercial real estate industry. NAREB. The National Association of Real Estate Brokers is NOT a NAR predecessor. NAREB still exists and is a minority broker ER trading association established in 1947 when a minority is NOT allowed. Also, minorities are NOT allowed to join NAR for years. See www.NAREB.com
Video SIOR
Establishment
The idea of ​​forming an organization for industrial real estate brokers began in 1939. Although the growth of the real estate industry continues, its specialists have little representation in the National Association of Real Estate Boards (NAREB), the predecessor of the National Association of Realtors (NAR). With this in mind and anticipating an increasing need for industrial space due to the outbreak of World War II, industrial selling agencies Frank G. Binswanger and David T. Houston, Sr. make efforts to organize and coordinate industrial sales agents throughout the United States and Canada. They were able to get sponsorship for the founding of the Society of Industrial Realtors (SIRs), and in the fall of 1940 at the NAREB national convention in Philadelphia, and the establishment of a national body of industry players approved. One year and two months later, the United States entered World War II.
SIOR plays a role in discovering existing plant space, and immediately available, which can be utilized for defense production, and then, war materials. More than 200 brokers from across the United States and Canada surveyed appropriate facilities and reported their findings to the War Department (now Department of Defense).
Maps SIOR
Today
The average member of SIOR 2006-2009 reported that he rented or sold an average of 1.1 million square feet of space for a total volume of $ 33.4 million dollars in 30 transactions. As a group, the SIOR designers closed over 78,000 transactions.
Requirements for an industrial or work broker:
- Have at least five years of industry and/or office brokerage experience that is documented and actively involved as a broker or seller of industrial and/or office real estate.
- Maintain annual minimum production as measured by gross cost of revenue (GFI) and minimum amount of transactions in the standard set by local branch. GFI is fee income directly attributed to the applicant received by the applicant company prior to the split. The GFI requirements are set by the local chapter and range from $ 200,000 to $ 400,000 per year with an increase of $ 50,000.
- Provide official recommendations from two Active Individual Members in the applicant's chapter and outside the applicant's company.
- Must complete the Core Components of the Commercial Broker Course through the Center for Career Enhancement (CCA) or pass a comprehensive membership admission exam for SIOR and an online ethics course.
- Uphold the ethical standards of practice and promise to enforce the Code of Ethics and Standard Practice of SIOR by completing one of the following two options:
- Ethics & amp; Professional Standards Courses are held in CCA course offerings, or
- the online ethics course of SIOR.
External links
Source of the article : Wikipedia
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