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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.
Michigan Real Estate News
GOP activist asks tenure panel to review judge's real estate transactions - Detroit Free Press
 Legal News Line | GOP activist asks tenure panel to review judge's real estate transactions Detroit Free Press By Dawson Bell A veteran Republican activist and court watcher asked the Michigan Judicial Tenure Commission to investigate a series of real estate transactions conducted by state Supreme Court Justice Diane Hathaway that he said appear to have been ... Complaint filed against Mich. SC justice over allegations |
A Michigan Store, Craft Shop: What Did You See Filling This Storefront? - Patch.com
A Michigan Store, Craft Shop: What Did You See Filling This Storefront? Patch.com Readers' ideas include an arts and crafts supply store and a shop selling Michigan gear. What do you think? By Laura Houser What are your ideas for this now vacant shop along prime real estate on Maple Road? Empty buildings. Vacant storefronts. |
Cohen Financial expands, opens new office in Michigan - REjournals.com
 REjournals.com | Cohen Financial expands, opens new office in Michigan REjournals.com Cohen Financial, a national real estate capital services firm, in May opened an office in Grand Rapids, Mich. Cathy Bronkema, partner and executive vice President of Cohen Financial, leads the office. Bronkema has actively teamed with Colliers ... |
US goes after ex-Mexican governor's Texas property - KTUL (blog)
US goes after ex-Mexican governor's Texas property KTUL (blog) More >> A woman running for the Michigan Legislature was bitten by a dog while going door to door. The dog's distressed owner has made amends: Ann Doyle can put a campaign sign on his property.More >> A woman running for the Michigan Legislature was ... |
Industry Veteran Brian M. Walsh Joins Commercial Real Estate Financing Advisor ... - PR.com (press release)
 PR.com (press release) | Industry Veteran Brian M. Walsh Joins Commercial Real Estate Financing Advisor ... PR.com (press release) The BSC Group, LLC, a leading commercial real estate financing advisor and provider of debt and equity capital solutions for commercial property owners, announced industry veteran Brian M. Walsh has joined the firm as senior vice president. |
Detroit Public Schools Real Estate Conference Looks To Sell Old Buildings ... - Huffington Post
 WXYZ | Detroit Public Schools Real Estate Conference Looks To Sell Old Buildings ... Huffington Post The district's Office of Real Estate currently lists more 80 unused school structures on its website. In order to find new owners for some of these vacant properties, the district will hold a day-long real estate conference Wednesday at the Sacred ... DPS, Detroit Works urge investors to buy, develop unused school buildings |
Ryan Reports Michigan Considers Eliminating Personal Property Tax - MarketWatch (press release)
Ryan Reports Michigan Considers Eliminating Personal Property Tax MarketWatch (press release) DETROIT, May 4, 2012 /PRNewswire via COMTEX/ -- While campaigning to become the Governor of Michigan, candidate Rick Snyder proposed to eliminate the business personal property tax because he felt that it was an impediment to attracting reinvestment ... |