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commercial & residential real estate compared
TREC Approved MCE Course Number: 060007424446 (6 Hours)
This is a survey course designed for those who desire to explore commercial real estate. This course outlines the differences and similarities in residential and commercial real estate. It is specifically designed for new commercial professionals who want to establish a firm foundation in the industry, and residential agents and brokers who want to expand their field of expertise.
The following categories of differences are explored, compared and contrasted:
- Property Uses
- Reasons for Ownership
- Forms of Ownership
- Financing Considerations
- Valuations
- Lease Variations
- Market Areas
- Physical Attributes
- Risk and Insurance Issues
- Image Considerations
- Maintenance and Management Issues
- Occupancy Issues
- Service Contracts
- Due Diligence and Underwriting
Finally, you will learn about a few shared characteristics of residential and commercial real estate. You will learn how these unique characteristics set residential and commercial real estate apart from others forms of assets, and ultimately how they impact the property owner and investors.
This course does not have a required Final Exam.
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