All Forum Posts by: Sean McDonnell

Originally posted by@David M Trapani:

Hi Sean,

Your commercial broker should be able to find and do deals for you across the nation.

This includes his / her having forms for appropriate LOI, PSA etc. in multi-states.

Happy to refer you to my broker based in San Jose, CA. Worked with him since 1997.

Lately we've done 3 successful NNN retail deals in 3 states. Submitting an LOI on a 4th deal currently.

Cheers & good luck.

David

Thanks David - I'm acting as the broker for the buyer. My license is held by a discount shop Global Luxury Realty, since they offer a 90/10 and cap commercial deals at $5k. The downside is that I don't have the network of a bigger shop like a Marcus and Millichap to be able to use a broker of record for an out of state deal. For your NNN deals, did you have a generic PSA or one specific for each state? Did you use the same broker in all the different states? Did that broker have a license in all of those states? Thank you!

@Steve Cheslock thank you!

@Timothy Lewis I'm open to paying a local broker to act as a broker of record on this deal and to provide a compliant PSA. I am based in Miami Beach, FL and so is the buyer - I found the deal and brought it to the buyer. If you could get me a copy of a blank PSA for a commercial South Carolina deal that would be amazing.

I am working on a deal in South Carolina, the seller is in California and the buyer is in Florida. I have a PSA from the listing broker in California, but the buyer wants a contract that is going to hold up in South Carolina. Does anyone have a PSA specific to South Carolina and the real estate laws within the state?

There are plenty of situations where you don't need a license, but it does help to have more knowledge of the industry.

In my experience it's tough for a finder fee to work. Its too easy to circumvent. You might as well try to convince the seller to pay you a few points if you can bring them a buyer.

Hi John, I'm a local in Miami Beach and have done work in the Brickell area for the last few years.  I'd be happy to connect and chat more about your deal.

How much are recertifications? $100?

I'd like to beta test Reisoft.