There are thousands of men and women with Fort Myers luxury homes that also own commercial real estate. Commercial real estate is the immovable property which is land including all attachments therein. The commercial is attached to the word real estate because the purpose of the land and all improvements attached thereto are used for commercial purposes.

These commercial real estate properties may be pieces of land with buildings used for businesses, such as shopping malls, supermarkets, ordinary grocery stores, and other profit-oriented activities. Even office buildings are called commercial real estate properties.

Most commonly, commercial real estate properties are not being sold to individual purchasers. Should a commercial real estate property be for sale, the buyer would commonly be a big corporation or group of entrepreneurs. Individual buyers usually purchase residential homes for sale in Fort Myers.

It is not very popular to sell commercial real estate properties. Businesses people, such as corporations or groups are merely leasing or acquiring commercial real estate property by joint venture agreements with commercial real estate owners.

In case of commercial real estate transactions, brokers need to know how to deal with other transactions on top of the knowledge of contracting for sale or for purchasing of real estate properties. Brokers need to know how to handle just about every transaction that may or may not come up, such as leasing, mortgages, exchange, or joint venture transactions. It may also be helpful to commercial real estate owners if the real estate broker they contract will be able to conduct property management services as well.

In this case, the Fort Myers real estate brokers need to have the training and knowledge of how to manage properties, including having them rented and the assurance of protecting the rights of the owners and the leasers as well. There is now a handful of different real estate schools that offer training for this purpose, both in a classroom and on the internet. The necessary training for commercial real estate brokers needs to be complete such as offering, advertising, soliciting, listing, promoting, mediating, negotiating and to affect the meeting of the minds on sale, purchase, exchange, mortgage or lease of, or joint venture or other transactions in real estate and any other interests therein. No, commercial real estate is not the same as residential.

Commercial real estate transactions are far different from residential real estate transactions; however, the only similarity is that both deal with real estate properties.  It may be on a whole different level because transactions in commercial real estate are so diverse because in residential real estate, you only deal with selling and buying, if you are also conducting leasing of a residential apartment, the transaction is far different. So, if you are a real estate broker who wants to deal with commercial real estate properties, you may need additional training, including commercial property management. But if you do all your homework, you can become successful at both trades. Doing so may be a bit more common for professionals than you would imagine.

 

About Berkshire Hathaway HomeServices Florida Realty:

Berkshire Hathaway HomeServices Florida Realty serves 18 counties throughout Florida with over 40 locations and approximately 1,800 Sales Professionals. The full-service brokerage company, founded in 1999, is a subsidiary of Lennar Corporation, a Fortune 500 company and is a franchise member of the Berkshire Hathaway HomeServices’ network, one of the few organizations entrusted to use the world-renowned Berkshire Hathaway name. The company offers residential and commercial services as well as seasonal rentals, property management, REO & Foreclosures, corporate relocations, referral services, title, home service plans, and personal concierge services. Berkshire Hathaway HomeServices Florida Realty ranks in the Top 10 in the network among 43,500 Sales Professionals, 1,300 offices throughout 47 states. The company is the overall No. 1 fundraiser for The Sunshine Kids Foundation, having generated more than $3.37 million since 2001. Visit www.BHHSFloridaRealty.com.

Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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