Webinar: Key Components to Getting Your Commercial Project Developed
Architecture and engineering firm Guernsey has designed another webinar exclusively for OKCMAR members! What are ways to get your commercial project developed? We'll discuss it with a panel of experts consisting of a commercial developer, a financier, architects, engineers, interior designers and project managers.
In the blog The Corner Side Yard, writer and urban planner Pete Saunders talks about African Americans who have made significant contributions toward the betterment of cities in a way not typically associated with urbanism.
Commercial Code of Ethics Case Study
Can John renegotiate his listing commission at the time he presents the two offers?
A. No. John is bound to the commission he agreed to in the listing contract.
B. Yes, John may renegotiate the listing commission, but only before he presents the offers. C. Yes, John is permitted to renegotiate the listing commission at any time.
D. John may only raise the listing commission, not lower it.
By reducing the listing commission, can John present both offers in an objective manner, as required by Standard of Practice 1-6?
A. No. John could not possibly be objective when presenting an offer from his own client.
B. Yes. Standard of Practice 1-6 requires only that offers be presented "quickly".
C. No. By agreeing to reduce the commission, John indicates that Bob's client's offer is no good.
D. Yes. John's reduction of the listing commission alone does not mean he cannot be objective in his presentation. Agreeing to reduce the listing commission is simply part of the negotiation process.
Under Article 3, as established in Standard of Practice 3-4, is John obligated to inform Bob that he modified the listing commission prior to the offer being accepted?
A. Yes. By reducing the listing commission for the offer he procured, John created a "dual commission arrangement", one that must be disclosed.
B. No. Even though John might have created a "dual commission arrangement", disclosure of such to Bob is not "practical" given the situation.
C. No. Standard of Practice 3-4 does not require a listing broker to disclose a dual commission arrangement.
D. No. Reduction of the listing commission during negotiations does not create a dual or variable rate commission arrangement as defined in Standard of Practice 3-4.
This year, NAR is expanding its Real Estate Forecast Summit to include additional events, this one in particular specializing in the commercial real estate market!
CCIM: Calculating Value for Investment and Rental Properties
When working with a real estate rental sale, a typical question a real estate professional is asked, "what is it worth." Learn how to answer this question with the Calculating Value for Investment and Rental Properties (CCIM) course to understand rental properties' underlying value better. With this worthwhile course, real estate professionals will explore both conceptual and mathematical processes. The content provider is the Certified Commercial Investment Member (CCIM), an affiliate of the National Association of REALTORS®.
