The Commercial Real Estate Industry touches virtually every aspect of business in the United States and most of the free world. Very few companies can grow without acquiring more land or additional office space, patients can't use the services of a hospital unless it's constructed and consumers can't shop at a Wal-Mart without the development of Real Property.
Commercial Real Estate encompasses all aspects of sales, leasing, management, investment in or improvement of retail property, investment property, farmland, businesses, industries, medical facilities and dozens of other types of property.
Some commercial associates specialize in particular types of property, such as office property, developable farmland or even amusement parks. Other commercial associates specialize in particular forms of consulting work for Real Estate Investment Trusts, insurance companies or utility companies. Still others work in specialized areas such as resort management or assist government agencies with redevelopment of industrial sites or reclamation of land.
Upon completion of this course, the student should be able to understand:
Various commercial and investment real estate categories and the classifications of office properties
Differences between usable area, net rentable area, and common area
The importance of research and analysis
The importance of zoning regulations, market areas and comparable properties
Different sources of compiling market data, vacancy and absorption rates
The benefits to owning investment real estate and the different types of real estate investors
Investment income, capitalization rates are and how they are used in investment real estate
The importance and functions of commercial real estate leases
The objectives in leasing property from a tenant's perspective and landlord's perspective
Different types of leases and common lease clauses
The differences between the borrower's perspective and the lender's perspective when it comes to commercial real estate lending
Commercial real estate financing terms, closing costs and amortization schedules
Different types of commercial loans and their qualifications
Introduction to Commercial Property
Data Gathering & Property Analysis
Introduction to Commercial Mortgages
Approved by the AQB's CAP and IDECC for 7 hours of Continuing Education Credit. Course includes unit exercises and exams and is completed with a multiple choice final exam.