Automating commercial real estate ‘back end’ tasks is a major objective for running the enterprise efficiently and freeing up important resources for strategic planning and catalyzed innovation. This series kicks off with a deep dive into the digital infrastructure of most commercial real estate companies. It continues with reviewing opportunities for investment management automation and introduces proven use cases of process automation in commercial and corporate projects. Thought leaders from some of the most automated real estate organizations in our market share insights on their integration initiatives and talk about the challenges and benefits of their own process automation projects.
When evaluating ‘back end’ automation opportunities there are many options for increased efficiency and enhanced business insight through data integration, normalization and interaction. This session addresses the best opportunities for automating ‘back end’ processes such as leasing, AP/AR, budgeting and forecasting, document management and others.
When buying a commercial real estate property, the brokerage agreement is between the buyer or seller and the broker. The broker is an agent of the buyer or seller and, as an agent, has fiduciary duties to the client. Sometimes the broker could act as a dual agent, which creates potential conflicts of interest. Real estate counsel can serve to ensure the broker will represent a client's interest in a transaction by crafting a detailed agreement that meets those needs.
Most states recognize that real estate brokers occupy a position of trust through a fiduciary relationship with the parties they represent. A fiduciary relationship brings with it requirements of fidelity and good faith. These issues are often raised in claims that an agent has acted as a real estate broker and a buyer (or seller) of a property. It is a potentially dangerous position for an agent to occupy.
The benefit of the brokerage agreement is clear communication between the buyer (or seller) and the broker. It is an excellent opportunity to discuss who will perform what tasks. At a minimum, the best agreements shall establish: (1) the timing for completing tasks, (2) when and how the broker is paid, (3) how to handle broker expenses, and (4) when the broker's representation ends.
The broker agreement should limit liability and include indemnification language that protects the broker from the client's acts and ensures that clients are not held responsible for the broker's act. Because this is an agency relationship, the client must communicate to the broker what representations or statements the broker can make on behalf of the buyer or seller. If a dual agent situation cannot be avoided, the issues of potential conflicts of interest should be addressed in the agreement.
Listen as our expert panel discusses what constitutes an enforceable broker agreement, clarifies provisions to establish clear fiduciary duties, and outlines how to avoid conflicts of interest while limiting potential liability for the acts of others.
You’ve heard this before: “I’m not old enough to go into senior living Or, I’ll go into senior living when I can’t.” Operators and marketers face a unique challenge of convincing seniors they don’t have to give up their quality of life to live in a seniors community.
At 2:00 pm Eastern on August 24, Seniors Housing Business will host a webinar featuring a panel of sales and marketing experts sharing strategies that engage and motivate reluctant seniors.
What you’ll learn:
How seniors view the move to senior living and why they put it off.
Digital marketing strategies that promote community living as a positive solution.
Where to invest your marketing budget for different types of buyers through the purchase journey.
How operators can leverage attribution and insights to make smarter marketing decisions.
Speakers include Jeff Gronemeyer, VP, New Business Development, Conversion Logix; Christy Van Der Westhuizen, VP of Sales & Marketing, MBK Senior Living; and Julie Podewitz, Founder & CEO, Grow Your Occupancy.
The webinar is complimentary thanks to sponsor Conversion Logix, a marketing and technology company dedicated to generating leads, appointments, and sales for senior living and multifamily housing operators.
Real Estate Investar Ltd
In this 60 minute on-demand webinar you will learn:
- The importance of setting SMART property investing goals
- An explanation of the different property investing strategies, and how to decide which is best for you
- How to understand the property acquisition process
- Who should you seek help from - how build a team of experts.
- How to start your research and target suburbs and properties that meet your buying criteria
- Already own property? Expert tips on how to optimise your portfolio and boost cash flow