The Benefits of Teaming Up with an SIOR Member
Within the commercial real estate industry, there are numerous organizations that offer membership or professional designation. One of those is the Society of Industrial and Office Realtors®, or SIOR.
SIOR is comprised of just over 3,150 office and industrial real estate brokers in 640 cities across 34 countries—a small fraction of the total number worldwide. Membership is not easily achieved or maintained and, therefore, is your guarantee that the broker you’re working with lives up to the highest standards of performance and ethics. And with a worldwide network, your SIOR real estate broker can be the one you turn to when your business needs are at home, around the country or abroad.
SIOR’s Worldwide Network of Realtors and Brokers
Working with an SIOR professional gives you access to qualified and experienced professionals around the world. Here’s how it works.
Your hometown realtor or broker contacts a fellow SIOR member in the location where you need real estate. A fee structure is amicably negotiated between the two. Now, you have professional and dependable representation in another city.
Your in-town broker is still your contact throughout the transaction. There’s no need to search for a realtor in another city or switch to a bigger company with multiple offices. Teaming up with an SIOR realtor means you stick with the person and team you’ve come to know.
Becoming an SIOR Member
What does it take to achieve SIOR designation?
According to the SIOR website, a candidate must have at least three years but no more than eight years of experience in office and industrial real estate brokerage. There are also production requirements, and a candidate must have the endorsement of an active member as well as a mentor in the local chapter. Required and elective courses need to be completed and a candidate must pass SIOR’s Comprehensive Membership Entrance Exam as well as an online ethics course.
Maintaining SIOR Designation
As a member of SIOR, office and industrial realtors and brokers must maintain a minimum level of annual production as well as a minimum number of transactions, which is determined by the local chapter.
SIOR World Conferences are held in the fall and spring, offering members and candidates the opportunity to network and attend educational classes on the latest trends in office and industrial real estate.
The information contained in this article is general in nature and should not be construed as financial, tax or legal advice. As with any financial or legal matter, consult your tax advisor and legal counsel.