Valuation vs Production vs Capital Markets at a brokerage firm
Trying to understand the difference between these roles at a brokerage firm like CBRE/JLL/Colliers. Seems a bit blurry even after going through search results
From what I understand so far
- valuation = appraisal work (also not sure why appraisal work is frowned upon or less prestigious)
- production = supporting an originator which i guess you prepare and underwrite a deal to submit to a lender
- capital markets = the similar to production but you work on larger deal size? ie commercial banking clients vs corporate banking type clients
I imagine debt structured finance/investment sales is basically the same as capital markets but i think the term debt structured finance is used only at CBRE.
Follow up question: ARGUS certification. Should i do this through a NAIOP workshop or try and get an employer to pay for it during the training process if hired for a role. It's definitely not make or break when hiring right?