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28 October 2011 | 7 replies
ANY agent or associate broker real estate activity has to be ran through the principal brokerage.At least it's this way in my state.You will get companies who try to not disclose involvement or only say they have a small involvement in an LLC etc.The bottom line is there MUST be disclosure that the agent has an interest in the group wholesaling.In our state the reason is we must disclose to the seller we have an interest because we are considered more well trained in negotiations than a traditional buyer.Also you can be disclosing an undisclosed fiduciary duty to another party in the transaction the seller doesn't know about.Example if the buyer is my family,business partner etc.
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8 November 2011 | 14 replies
They are getting tired of upkeep, maintenance, renting duties, etc.
16 November 2011 | 10 replies
The same people who would say you have a duty to be moral and meet your financial obligations will accept, all day long, that "businsses" default on their bad investements as a matter of cutting losses and that's OK.
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26 November 2011 | 50 replies
So it's vital that net returns be portrayed as materially higher than the borrowing rate.It's usually the smaller, newer companies that are at least acknowledging these expenses, though they often understate them (vacancies at 5%, maint/repairs/capital at 5% is common).I'd love to hear insights from others on this.
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9 December 2011 | 7 replies
Steve that was not a commercial broker to me that you had before.A leasing broker should be a leasing broker period.A sales negotiator should do the purchase and sale.There are brokers that do both but people at the height of their game only do one thing for the most part.You can have a generalist that does 2 things or have 2 specialists working for you that do separate things.The broker wanted the sale to make a big commission so was scaring tenants away.No tenant will want to make an investment into a space knowing they will be moving right away.You can have language in your leases allowing you the right to terminate early but not giving away you are selling for development.Ultimately after the lease is signed they will find out in the newspaper etc. when word of the project comes up.Your previous broker was not doing their fiduciary duty to put you first as a client.
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3 May 2014 | 80 replies
I am a active Duty Soldier stationed in Hawaii.
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17 December 2011 | 2 replies
This topic has been discussed on this board at least 300 timesThe law is clear (IMO) - if you connect the buyer and the seller you perform the duties of an agent and thus required to be licensed as such.
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27 August 2012 | 9 replies
gma or mom needs to request a death certificate from texas vital statistics. if title is giving excuses or just slow - can them - take your business elsewhere.BJNCant sleep :|
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26 January 2012 | 16 replies
and from a different perspective...is there a spot on the wall nearby where you could install a heavy-duty grab bar?
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31 January 2012 | 34 replies
So, when we say "50% equity" are we saying cash partner pays cash for the property and half equity is paid to non cash partner for his duties, or are we saying equity up to a loan plus profits over investment, or 1/2 profit up and above purchase price and rehab costs only?