Real Estate Continuing Education

Introduction to Commercial Real Estate Sales - 7.5 hours  Course Objectives:
( CLICK HERE for additional ONLINE information on this topic. Select Hondros and/or Dearborn)

                            This class will examine and explore the various types of commercial real estate, and identifying the important things that a real estate professional needs to know in order to competently work in the commercial area. Discussion will include  the process of locating commercial properties for various uses, the important features clients look for, and the process of showing the property and negotiating the business terms and leases and getting paid your commission.  In the same context, we will also examine the process of investment sales of commercial and mixed use buildings.

Course Highlights:

  • An overview of the various types of commercial real estate.
  • Discussing the various categories of commercial real estate and the basics you need to know about each.
  • Office, loft-studio and retail spaces.
  • Investment building sales.
  • Key terms and concepts related to each category.
  • Differences between residential and commercial real estate: features, procedures and representation.
  • The "rules" of commercial real estate or the lack thereof.
  • Landlord vs. tenant representation.
  • Landlord representation – finding landlords and getting them to list with you.
  • Tenant representation
  • Finding and working with tenants.
  • Meeting special tenant needs – water, electric, elevators, building hours, etc.
  • Working with other brokers – referral fees and co-broking.
  • Locating, obtaining and advertising for clients and properties.
  • Locating properties for lease and sale – using technology and "the old fashioned way".
  • Locating potential clients, finding out what they "really want"
  • Size (square footage), price range and features.
  • Arranging a building tour and preparing supporting documents.
  • The inspection tour.
  • Preparing, submitting and negotiating the business points of a proposal.
  • Working with the other side (landlord or prospective tenant) as well as other brokers.
  • Getting Paid.
  • The various forms of commission and how they are paid.
  • Negotiating   your best commission arrangements.
  • Real estate sales.
  • Financial elements involved in a sale/purchase.
  • Determining and establishing the market value of a building.
  • Calculating the return on a real estate investment.
  • Reviewing rent roll, other income and expenses.
  • Basics of 1031 exchanges and why they are beneficial to real estate brokers.
  • Listings and compensation.
  • Marketing concepts and the development of a marketing plan.
  • Showing a building to prospective buyers – what to do and what not to do.
  • Due diligence – researching zoning and building violations.
  • Working with attorneys, engineers and inspectors, and your role in negotiating and closing the transaction.

Who is the instructor?


Steve Landfield is a Certified New York Real Estate Instructor at the NYREI. He has been teaching the popular Introduction to Commercial Real Estate Continuing Education Course for the last several years. Due to a demand for more in-depth commercial real estate education, Steve created and teaches the 19.5 hour Certificate in Commercial Real Estate course, as well as Property Management and Construction & Development for the Broker Licensing Course. He is developing a course that will cover case studies in Building Investment Sales & Purchases, soon to be offered at the NYREI.

He is a Representative at Town Residential, LLC. He specializes in leasing retail, office and other commercial spaces in New York City, as well as building sales & purchases for investment clients.

Steve is an EPA Certified Lead-Based Paint Inspector, trained to identify the presence of lead-based paint in housing, in order to protect children and adults from lead hazards, as well as an EPA Certified Renovator. He teaches EPA/HUD Lead Work Safety for Renovation, Repair and Painting, to contractors & building managers & superintendents for the NY Association of Realty Managers& throughout New York and the Mid-Atlantic States for Environmental Education Associates.

Steve has been involved in commercial transactions for many years with several brokerage companies in Manhattan, including two years as a partner in his own brokerage company. Prior to that, he was engaged in private practice and in real estate related businesses.

He received a Certificate in Advanced Property Management Techniques from The City of New York, Department of Housing Preservation and Development, and he is a New York Accredited Realty Manager by NYARM, the New York Association of Realty Managers, where he has also lectured to property managers on Fair Housing. He has completed courses in many areas of building operations and management, including Fair Housing, building finance, water and energy conservation, working with tenants and HUD Lead safe Work Practices.

Steve taught for 12 years as an Assistant Adjunct Professor in the Business and Public Service Department at Raritan Valley Community College, a county college in New Jersey. He has a Certificate of Eligibility as a High School Business Education Teacher issued by the New Jersey State Department of Education.

When not engaged in real estate matters, a commercial print model and actor, who has appeared in national newspaper and magazine ads as well as on several TV shows. He was appointed in 1999 by the NJ State Legislature to the New Jersey Human Relations Council, which deals with issues of bias and prejudice, and where he served for two years as Vice-Chairperson. He remains an Advisory Board Member to the Council.

Steve has a BA in Urban Affairs from George Washington University and a JD/MBA from the Washington University Graduate School of Business, in St. Louis, Missouri.

Steve recently started a commercial real estate blog, "Quintessential Commercial Real Estate", which can be found at: commercialreal.blogspot.com.
 
He can be reached at:
 
(718) 687-9131 or (973) 960-4242
slandfield@gmail.com

Registration: Click for Online Registration


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