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A '''commercial mortgage broker''' acts as an [[Social:Intermediary|intermediary]] who brokers [[Finance:Mortgage loan|mortgage loan]]s on behalf of businesses or individuals who needs a [[Finance:Business loan|commercial loan]]. The loan is provided by the commercial lender [[Finance:Secured loan|securing]] a commercial property of the borrower.<ref>{{cite web |date=29 January 2021 |title=Commercial Real Estate Loan |url=https://www.investopedia.com/articles/personal-finance/100314/commercial-real-estate-loans.asp |access-date=6 October 2021 |website=[[Investopedia]] |language=en}}[https://nathanmortgage.com/]</ref> In developed mortgage markets today like the {{wipe|United States}}, {{wipe|Canada}}, the {{wipe|United Kingdom}}, {{wipe|Australia}}, and [[Place:United Arab Emirates|United Arab Emirates]], [[Finance:Mortgage broker|mortgage broker]]s are the largest sellers of mortgage products for lenders.

Some commercial mortgage brokers offer loans but most of them do not provide commercial mortgage loans. A commercial mortgage broker is often used to connect the borrower with potential lenders, obtain multiple quotes, and to manage the financing process.<ref name="CC">{{cite web |title=What Is a Commercial Mortgage Broker and Why Use One? |url=https://cloptoncapital.com/what-is-a-commercial-mortgage-broker-and-why-use-one/ |website=CloptonCapital |access-date=October 7, 2021 |date=October 1, 2019}}</ref>

== Market competitiveness ==
As markets for [[Finance:Commercial mortgage|commercial mortgage]]s have become more competitive, the role of the commercial mortgage broker has become more popular and a necessity. Because of this competitiveness, some lenders do not even consider applications made directly by borrowers; instead, they prefer applications made by brokers, as they know the whole process and market values and rates very well.<ref name="OMA">{{cite web |title=Commercial Mortgage Brokers & Advisors |url=https://www.onlinemortgageadvisor.co.uk/commercial-mortgages/commercial-mortgage-broker/ |website=Online Mortgage Advisor |access-date=6 October 2021}}</ref><ref name="TRD-1">{{cite web |title=Sizing up NYC's debt brokerage powerhouses |url=https://therealdeal.com/issues_articles/sizing-up-nyc-debt-brokerage-powerhouses/ |website=The Real Deal |access-date=6 October 2021}}</ref><ref name="CC" /> A [[Finance:Mortgage broker|mortgage broker]] also helps customers make better choices about loans and lenders.<ref>{{cite web |title=The Value of Mortgage Broking - Deloitte |url=https://www.mfaa.com.au/sites/default/files/users/user133/_Value_of_mortgage_broking_Web_version.pdf |website=[[Company:Deloitte|Deloitte]] |access-date=8 October 2021}}</ref><ref>{{cite web |title=Mortgage brokers increase customer competition and choice |url=https://www.smartline.com.au/mortgage-broker/rscherlies/blog/mortgage-brokers-increase-customer-competition-and-choice-9/ |website=Smartline |access-date=8 October 2021}}</ref><ref>{{cite web| url=http://wealthyyou.com.au/ |title= Mortgage Broker Guide }} Tuesday, 10 January 2023 </ref>

== Fees ==
There is no law or any official announced fees or commission for a commercial mortgage broker. Some brokers charge a fee to the lenders, and others take commission, which they receive from the lenders whom they introduce to borrowers.<ref>{{cite web |last1=Blackburne |first1=George |title=Reasonable Loan Fees in Commercial Mortgage Brokerage |url=https://info.c-loans.com/bid/83645/reasonable-loan-fees-in-commercial-mortgage-brokerage |website=info.c-loans.com |access-date=8 October 2021 |date=11 April 2013 |language=en-us}}</ref><ref>{{cite web |last1=Krischer Goodman |first1=Cindy |title=Here's how much a commercial mortgage broker can make in South Florida |url=https://therealdeal.com/miami/2018/02/08/heres-how-much-a-commercial-mortgage-broker-can-make-in-south-florida/ |website=The Real Deal |access-date=8 October 2021 |date=8 February 2018}}</ref>

== By country ==
=== In Canada ===
In Ontario, commercial mortgage brokers are not required to carry a license. This helps reduce the [[Social:Red tape|red tape]] for commercial borrowers to work with commercial mortgage brokers. The commercial borrowers do not require a layer of regulatory protection because they are large enough to protect themselves.<ref>{{cite web |title=Ontario to give license on commercial mortgages |url=https://www.reminetwork.com/articles/ontario-to-give-license-on-commercial-mortgages/ |website=REMI Network |access-date=12 October 2021}}</ref>

=== In the UK ===
In the United Kingdom, commercial mortgage brokers are regulated by the National Association of Commercial Finance Brokers (NACFB).<ref name="OMA" />

=== In the US ===
In the United States, commercial brokers are represented by a certificate of National Association of Mortgage Brokers (NAMB): Certified Mortgage Consultant (CMC).

== See also ==
* Commercial lender (U.S.)

== References ==
<references />

[[Category:Mortgage]]

{{Sourceattribution|Commercial mortgage broker}}