$30.00 or $20.00 w/Education PassportInstructor: Nishad Khan
Commercial Core Law will assist Realtors® by focusing on changes to state and federal real estate license law, highlighting both laws and rules. The course will give a brief overview of commercial transactions vs. residential; discuss commercial real estate agreements; and discuss legal issues unique to commercial transactions.
Objectives: After taking this class students will be able to recognize and distinguish between a commercial transaction and a residential transaction; to understand the basic premises of the license law which licenses the brokerage of commercial real estate; to understand the contents of a commercial listing agreement for either a lease or purchase; to understand the purpose of a Letter of Intent & Confidentiality Agreements; to understand the contents of an industry purchase contract for either a lease or purchase; to understand why there is not an industry commercial lease form; to understand and apply compensation contract concerns in daily practice; to understand the disclosure requirements in a commercial transaction and to appreciate and apply general concerns in a commercial real estate transaction that do not occur in residential transactions: ADA concerns, commercial tax concerns, long term agreements, assignments, the role of an attorney in a commercial transaction and the varied tools utilized by commercial practitioners, income/ expense reports, rent tolls and sub leases.
Space Coast Association of REALTORS®2950 Pineda Plaza Way Palm Shores, FL 32940 Office: 321-242-2211 | Fax: 321-255-7669