GRESB
This webinar explores the connection between ESG factors and Commercial Real Estate. We look at how ESG impacts how assets are evaluated, public REITs and funds are analyzed, as well as the growing market for passive investment vehicles that incorporate ESG.
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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.
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Realcomm
Most buildings we see today were designed and built at a time when technology was simple and unsophisticated. Fast forward to today and a combination of the Internet, building networks, the cloud and smart connected devices all delivering data to a new breed of data gathering and analysis platforms, allow us to operate assets at a new level of precision. How do I connect devices? What data is important, and how much data is too much? How do I differentiate between all the systems, and which should be integrated? Where do I find the expertise on best practices? This webinar will present insight from industry leaders @ the forefront of the smart building analytics revolution.
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In this webinar, PitchBook analysts Hilary Wiek and Anikka Villegas examined private fund performance and fundraising across asset classes and strategies along with the suspected inflation hedge in the real estate ecosystem, including the properties and strategies best suited to the current environment.
Key topics
Update on private market fund performance and fundraising
Where emerging managers have had success raising funds, where they have struggled and why
A spotlight on real estate, including how its strategies and property subsectors react to various economic drivers and what this means for current and future performance
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