Easily Replace List into the Commercial Real Estate Contract

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How to Replace List into the Commercial Real Estate Contract

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hello and welcome to commercial real estate explained where we help people make informed decisions about commercial real estate thanks for tuning in in this video we are going to talk about what is replacement value thats maybe something youve seen thrown around in packages where theyll say a building is below replacement value but what does that really mean what the broker marketing that building is trying to say is that if you were to reconstruct this building now from scratch that the value what it would cost to build new is docHubly more than they are selling it for so essentially the replacement value is what would it cost to build that exact same building and that exact same space right now as you can imagine expenses have gone up over time inflation labor materials all of that is much more expensive so even though well see a building that the per square foot price might seem ridiculous I think its interesting to keep in mind that replacement value for example in my mar

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do I make changes after a listing agreement has been signed by all parties?

Once a listing agreement is signed by all parties, it cannot be changed. The seller can change the listing agreement whenever he or she wants. A listing agreement can be modified, but only if all parties agree in writing.

Which broker brings a buyer to another broker who has a listing quizlet?

an agent of an agent. A broker who brings the buyer to the listing agent is a subagent of the listing broker.

What is the 45 day rule for like kind exchange?

The first limit is that you have 45 days from the date you sell the relinquished property to identify potential replacement properties. The identification must be in writing, signed by you and delivered to a person involved in the exchange like the seller of the replacement property or the qualified intermediary.

What does an intermediary do?

Intermediaries work to enable all court participants to follow the action, make informed choices, and understand any judgements that are made. In practical terms this means that intermediaries make sure that: things are explained and talked about in ways that the vulnerable person can understand.

What is a broker who brings a buyer to another broker who has a listing?

Subagency refers to a specific client representation relationship between a property listing broker or real estate agent and another real estate broker or agent who brings in a buyer to purchase the property.

Can a listing contract be assigned from one broker to another?

A: It is possible, although not common, that the broker could agree in the independent contractor agreement to allow the sales agent to take listings from the broker to a new company when the sales agent terminates the brokerage relationship.

What are brokers who supervise other brokers called?

A designated broker is a real estate firm owner who oversees business activities, including other brokers, office staff and individual clients. These senior-level staff members hire real estate agents, establish business policies and help set company goals.

What happens if you don t identify a property within 45 days on a 1031 exchange?

If you have not identified replacement property by midnight of the 45th day, the exchange will be canceled and your exchange proceeds will be returned to you, minus any withholding tax required by your specific state.

Is listing agreement the same as a contract?

The listing agreement is an employment contract rather than a real estate contract: The broker is hired to represent the seller, but no property is transferred between the two. Under the provisions of real estate license laws, only a broker can act as an agent to list, sell, or rent another persons real estate.

What is the definition of an intermediary broker?

An intermediary is a broker who negotiates a real estate transaction between two parties. An intermediary relationship can occur when a broker, or a sales agent sponsored by the Broker, has obtained written consent from the parties to represent both the buyer and the seller.

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