Question about listing agreements and sales in Commercial Real Estate
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[{"id": "glrls33", "text": "Depending on your brokerage (even specific owner if franchise model) and even state rules and regulations you may not be allowed to do that and even if you are typically the brokerage is required to carry additional E&amp;O or other types of insurance Which could open you up to a lot more liability. I\u2019d suggest speaking with your office leader ship for further clarity especially depending on that three month timeline if you\u2019re not in a prime A Market like Los Angeles or New York city there\u2019s a very good chance of property won\u2019t get enough attention and market disability to get a buyer in time before the listing expires. I\u2019ve practiced in Los Angeles for several years and that\u2019s our standard listing time but things move very quickly there. I currently practice in Houston And our current listing of the real estate is about a year does always take that long but it gives you time to properly market and put the listing in front of Lowe\u2019s that needs to be in front of.", "replies": [], "depth": 1}, {"id": "glrmmyi", "text": "You need a business broker to partner with.", "replies": [{"id": "glsjpum", "text": "^ This. Selling a business is not the same as selling a property, especially a non-cash flowing residential property. There are brokers that sell businesses that you should either hand the deal off to for a bird dog fee, or partner with on the deal. That being said, a. 3 month listing time isn't that long as some businesses can be listed for over a year before they're sold.", "replies": [], "depth": 2}], "depth": 1}, {"id": "glsy5lm", "text": "How is this a real estate question?", "replies": [], "depth": 1}, {"id": "glsznnc", "text": "You need a securities license to sell a business. That\u2019s the only way your agent would be able to represent her in that transaction. You cannot sell a business with a real estate license.", "replies": [], "depth": 1}, {"id": "gq67c6r", "text": "Refer it To a business broker. You\u2019re doing a disservice to them otherwise.", "replies": [], "depth": 1}]