Commercial Real Estate, Sunny Isles
By JM Padron, CCIM, CCP, MRICS, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
Commercial Real Estate vs. Business Brokerage Many people mislead the definition of "Commercial Real Estate" associating it with the sale of business such as a restaurant, a hair salon, etc. The business brokerage is a subdivision of the commercial activity within the field of Commercial Real Estate. In fact a business transactions may include or not the "Improved Property". The field of commercial real estate comprehends the following categories (leasing and sale): Retail - Shopping Centers Office Buildings Industrial (Warehouses) Multifamily Hospitality Special Properties (Marinas, TV Studios, etc) Businesses (including or not the real estate) Some people have also a wrong concept about the compensation for the broker in a real estate transaction, indicating that the standard is 10%. ...
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