A commercial real estate broker, in simple terms, is a professional who serves as an intermediary during a commercial property transaction. Brokers represent buyers, sellers, and tenants within real estate dealings and are tasked with a large portion of the leg-work during the buying and selling process. This means that they are often in charge of performing the market analysis, facilitating the property appraisal, and meeting with clients to assess needs. In other words, commercial real estate brokers are the drivers behind commercial real estate deals from start to finish.

An intelligent document processor can be a game-changing tool for any commercial real estate agency. Brokerage firms are typically awash in stacks of documents of many different types, and adopting a single end-to-end solution that can capture, organize, and analyze over 2,000 document types. An IDP like ADEx, which is purpose-built for the real estate industry, can cut down on both costs and human error by automating document workflows.

Rather than spending precious time manually reviewing and analyzing documents, waiting on approvals, or searching for information, brokers can rely on an IDP to enable them to focus on the important work—negotiating deals with clients.

Automated document processing should be an integral component of any commercial broker’s workflow. Not only does it save time and overhead, automating document processing reduces the risk of data entry errors or incomplete analysis, enabling brokers to feel confident that they are working with accurate and complete data when making decisions. By implementing an IDP into your workflow, you can close deals quicker, keep your information organized, and ultimately work more effectively.

Because a commercial real estate broker must coordinate a lot of moving parts, commercial real estate firms are typically inundated with paperwork. Brokers often represent both the buyer and the seller, so they may be responsible for processing a wide variety of documents such as purchase and sale agreements, leases, OMs, rent rolls, and more. This can entail a lot of extensive manual work, requiring brokers to keep extra employees on staff and spend a lot of time steeped in what can feel like distracting busy work.

Finding useful, relevant data can be challenging when buried underneath piles of paper documents. In the commercial real estate industry, documents are often varying and unstructured, making it difficult to locate key information. This can lead to missed business opportunities, approvals for risky buyers, and even regulatory noncompliance.

With an IDP like ADEx, crucial datapoints are identified and presented automatically. Pre-loaded with a library of over 2000 real estate documents, ADEx’s powerful AI is built to extract and present pertinent data from both structured and unstructured forms. After ingesting the information provided on a document, ADEx rapidly processes, organizes, and analyzes data through its understanding of complex relationships between various forms. For example, ADEx can quickly present a commercial broker with a rent roll record by collecting payment and leasing history information from multiple unstructured documents. This allows brokers to make informed, data-driven decisions.