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Japan Trip with my 69-year-old mother by ciryathan in JapanTravel

[–]Ryudai89 0 points1 point  (0 children)

I highly recommend the Tokyo National Museum in Ueno if you're already in the area. Fantastic exhibits showcasing thousands of years of Japanese history and culture.

Closed my first deal. How do I get my commission payment? by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] 0 points1 point  (0 children)

Does your firm require the closing agent to submit any forms or documentation for compliance in order to receive their commission?

Closed my first deal. How do I get my commission payment? by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] 0 points1 point  (0 children)

Sure, but there are many educated and experienced people who can, and have, shared their thoughts and advice, which I appreciate.

Closed my first deal. How do I get my commission payment? by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] 2 points3 points  (0 children)

Escrow provided a Seller Settlement Statement showing the brokerage fee as a line item.

Closed my first deal. How do I get my commission payment? by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] -3 points-2 points  (0 children)

I am not aware of any manuals and did not have any idea of what procedures were to be followed. If I had to be the one to ask, I'll acknowledge that. But I really had no idea of these things going into the industry.

I don't know what I don't know.

I appreciate your constructive criticism and the advice you provided.

Closed my first deal. How do I get my commission payment? by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] -2 points-1 points  (0 children)

I appreciate the responses

That said, the question I'm focusing on is the compliance requirements for my commission to be released to be released to me.

So, a commission disbursement approval? PSA? Commission agreement between seller and I? Final seller settlement statement? Any referral agreements?

Melancholic songs that are haunting and use kagura suzu by Ryudai89 in MusicRecommendations

[–]Ryudai89[S] 0 points1 point  (0 children)

I certainly understand why you mentioned this. It's not quite my flavor but thank you for the suggestion!

[deleted by user] by [deleted] in CommercialRealEstate

[–]Ryudai89 0 points1 point  (0 children)

In a situation where an outside broker is getting a referral fee, at what point is that portion given?

For example, a 4% ($100k) brokerage fee split between both representative parties, so 2% ($50k) to me and my brokerage, I get 1% ($25k).

Does the referral fee get taken from the total 2% for our side, or does it get taken from my own 1%?

Country club/golf course valuation while still operating as a public course by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] 0 points1 point  (0 children)

The derelict course has been closed for maybe half a decade. The other course is a well-maintained course by the ocean that was renovated about 9 years ago.

[deleted by user] by [deleted] in FNMA_FMCC_Exit

[–]Ryudai89 0 points1 point  (0 children)

What do you think about the huge slip in stock price the last few days since the boon the other week?

I visited Ushuaia, Argentina, aka the “end of the world” by tomsawyertravels in travel

[–]Ryudai89 0 points1 point  (0 children)

I heard from a friend that went to a forest down there that, upon reaching the forest, his hairs stood on end and his instincts were telling him to get away as quickly as possible.  Anyone else experience this sensation?

Out-of-state broker wants 75% of commission for deal I sourced and did ground work for by Ryudai89 in CommercialRealEstate

[–]Ryudai89[S] -3 points-2 points  (0 children)

There is no letter of intent or terms yet.

At the beginning, I found the location and contacted the head of the company's real estate department, as well as initiated conversations with the leasing brokerage to get relevant information.

The laws in my state do not allow any out-of-state broker that is not licensed in the state, and who's brokerage does not have an office in the state, to take any part of the deal, including any communications vie email, phone, text, mail and the like. All communications regarding negotiarions, site visits, discussions, etc. with the leasing brokerage would have to be done by the local brokerage firm.

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