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The Business of Commercial Real Estate Sales
from:Because of the purpose of this property type, the sale of commercial real estate has strikingly different aspects than that of residential properties. While an owner of a commercial property need not be licensed in order to make a legitimate sale, non owners will have varying licensing requirements depending on their state of practice. In some states, requirements can be fairly lax. In others, one must first obtain a commercial seller's license. For those who choose to wholly specialize in the sale of commercial real estate, there are entire curriculums dedicated to the pertinent aspects of successful commercial property sales.
While many tend to think of residential homes when it comes to the real estate business, commercial real estate sales actually make up a very large part of the industry. Whether looking for new office, retail or restaurant space, it can take a professional to identify the combination of advantages and disadvantages in a property and direct his or her clients in the right direction. The ethical agent looks to educate his or her client so that fully informed decisions to be made. By performing the proper research, agents can assess fair market values for their clients and ensure that all the standards for a sale or purchase are legally met. This can create a stress free real estate experience for everyone involved.
There are some firms that combine their experience of residential, industrial and commercial real estate sales under one roof, while other agencies choose to focus only on commercial properties. This type of agency is likely to provide better, extensive listings for their clients. Depending on the experience of the agency, these listings can range from strictly local venues to listings with international locations. Dealing with listings on international levels is another type of real estate training that requires agents to be able to focus on a great amount of detail. He or she will likely also have training in real estate law.
Many commercial real estate agents are now further specializing in what is called niche properties. Niche properties are those that have a very specific purpose, catering to a special type of business. For example, retirement facilities, dentist office buildings or and industrial complexes would all be considered niche properties. Many of these types of agencies invest in specific niche properties as an extra service to their clients. At times, they will invest in raw land for the future use of niche properties once the proper permits are acquired. Property ventures that produce income via capital gains or rental income are quickly becoming one of the most popular investment options available.
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Park City Real Estate News
Steven L. Newman Real Estate Institute Presents Battery Park City: Coming of Age - EON: Enhanced Online News (press release)
Steven L. Newman Real Estate Institute Presents Battery Park City: Coming of Age EON: Enhanced Online News (press release) To mark the achievement, the Steven L. Newman Real Estate Institute of Baruch College of the City University of New York will host a conference on Thursday, May 31, 2012 on the 29 th floor of Four World Financial Center overlooking Battery Park City. |
SDI Realty Group Announces Transition of Park City Condominium Resort Project ... - MarketWatch (press release)
SDI Realty Group Announces Transition of Park City Condominium Resort Project ... MarketWatch (press release) PARK CITY, Utah, May 22, 2012 (BUSINESS WIRE) -- SDI Realty Group has announced the closing of a major long-term transaction on Sunrise at Escala, a completed, unsold resort condominium development located within Canyons Ski Resort in Park City, Utah. |
Home tweet home - Chicago Tribune
 Chicago Tribune | Home tweet home Chicago Tribune When Tom McNicholas, 25, began searching for a one-bedroom condo in the city, his first step was to boot up his computer. While browsing listings on Yahoo! Real Estate, he found Dympna Fay-Hart, a real estate professional whose name was already ... |
Real estate transactions - Wausau Daily Herald
Real estate transactions Wausau Daily Herald These are the Marathon County real estate transactions for April 16 to April 20. Totals as of April 20 are 596 transactions valued at $89358133. » David L. Mehrer, Esther E. Mehrer to Keith C. Creuziger, Audrey Creuziger, lots/units 6, Oakwood Estates ... |
Freightquote, major JoCo business, is the latest border war target - Kansas City Star
 Kansas City Star | Freightquote, major JoCo business, is the latest border war target Kansas City Star By KEVIN COLLISON KeyBank Real Estate Capital, 300 jobs, from Kansas City to Overland Park, August 2010; Applebee's International, 390 jobs, from Lenexa to Kansas City, May 2011; North American Savings Bank, 200 jobs, Overland Park to Kansas City, ... |