For Commercial Sales - Do you use the same purchase contract as Residential Sales?

[Tony Nguyen]

I am thinking NO, but I am just double checking. As you can see, I haven't done any commercial sales and need to write a contract, but am not sure if it's the same contract or not. In addition, the franchised real estate company I hang my license with only has "residential" contracts in their database.

Please help me! Thank you very much everyone.

[Joel Owens]

NO........ They are 2 totally different worlds.

Tony are you buying for yourself or representing a client??

If you are buying for yourself then you might try negotiating for yourself or pay a referral fee to a commercial broker to help you.

If you are trying to represent a client you definitely need to partner with someone on your first few deals.

Sounds like your franchise only handles residential.If you are starting to generate traction with commercial you might want to make the switch to a commercial only brokerage.They have commercial forms and some brokerages have attorneys to make specific forms dealing with their type of expertise (hotels,apartments,office,etc.).