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Education

New Online Course:  Discovering Commercial Real Estate

This self-paced course provides a basic introduction to commercial real estate. It covers basic commercial real estate terminology, basic resources needed for a commercial real estate transaction and basic steps involved in a transaction.

Visit the Learning Library Website for more information!

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Listings

Are your listings on commercialsource.com?

Every month there’s something new on CommercialSource.com. The newest feature is the Enhanced Listing Package which will soon have a build-a-flyer component.  The National Broker Directory is allowing brokers to create their own unique identity in their regions as a differentiation. Visit the site and check out CSLink, and take a test drive!

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RLI Hybrid

REALTORS® LAND INSTITUTE PRESENTS THE HYBRID COURSE
No Planes, Trains, Cars, or Hotels Needed for this course on the Tax Implications of Real Estate. This “hybrid” course combines independent study that can be done anytime/any place with the opportunity to interact during phone conferences with the instructor, Chris Bird, CFP. The course provides key strategies for understanding how taxes will affect investment decisions. For more information, click here or call 1.800.441.LAND.

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Get Connected on Facebook

GET CONNECTED TO COMMERCIAL BROKERS ON FACEBOOK
How useful it would be to network with colleagues to discuss a business issue or get a question answered? Start by developing a Facebook profile with NAR "fans" today -- it's simple. Need some help; just send us an email (link to jmaday@realtors.org) or go to the Commercial Facebook page.

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Realtors Commercial Alliance of Northern VA
Instructions for "haves & wants" 

To participate in RCA "haves & wants" you will need to follow these simple steps:
  1. Download the RCA Property Template (download this template).
  2. Add your property information, so it looks like this sample file.
  3. Send to msteele@nvar.com to guarantee your inclusion. 

Please keep in mind that you are not limited to one property. You are also encourage to discuss potential investor wants and needs. 

 

2010 Commercial Council Meeting Dates:

Tues., February 2

Tues., March 2

Tues., April 6

Tues., May 4

Tues., June 8

Tues., August 3

Tues., September 14

Tues., November 2

Commercial News

Exclusive Preview for NVAR Commercial Members!
In October, NVAR will welcome a renowned Commercial broker, Andrew Zezas, SIOR, as a special guest for our Annual Convention and Trade Show. This week, we have an opportunity to provide access to this highly rated speaker through a limited opportunity webinar series.

"2010: More Business, Now!" is a webinar series designed to elevate your skills, close more deals, and generate more commission dollars!  Every webinar will be presented online and in a dynamic "How To" format; delivering timely and relevant topics designed to help your members accelerate their careers.

Enter the discount code "NAR" when registering to secure the REALTOR® rate.  Click here for more information on how to register.  The upcoming webinar next Wednesday, February 24th is: Generate Huge Commissions by Positioning Your Tenants for the Coming Recovery. Space is limited! As a Signature Series recipient, NVAR members are allowed advance access to these slots!

High Dollar Deals Are Being Made
Marcus & Millichap Real Estate Investment Services, has arranged the sale of a net lease portfolio valued at $29,040,874. The transaction included five single-tenant net lease properties. All properties are subject to a twenty-five year absolute net lease with a rent increase in each of its four, five year option terms. The Buyer was Goodman Properties of Jenkintown, Pennsylvania.  Mark Taylor, Dean Zang, and Christopher Munley, of Marcus & Millichap, represented the Buyer and Seller. Taylor said, “It was done from start to finish in less than 90 days due to the perseverance, cooperation, and hard work of both parties. Goodman Properties moved quickly and had a team in place to handle due diligence from day one” he added, “This transaction demonstrates that deals can get done in a difficult environment as long as they are priced and structured properly”.
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FREE Commercial Webinars

The National Association of Realtors® will be offering FREE monthly webinars that will provide valuable information to support business growth and development.  These webinars will address a mix of topics ranging from sales techniques to marketing to negotiations that can be applied to commercial real estate, or any business. 

Click Here for more information on upcoming webinars!

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NAR Addresses Commercial Challanges

 JEC HEARING SITES $700 BILLION IN COMMERCIAL LOANS NEED REFINANCING
On July 9, NAR Treasurer Jim Helsel represented commercial members as he testified before the congressional Joint Economic Committee at a hearing on commercial real estate. Read more about this important hearing: click here.

NAR Convened Industry Leaders in D.C. to Address Commercial Challenges
On Thursday, June 18th, senior executives representing commercial real estate met in Washington to address the ongoing challenges facing the industry. The industry is the “hardest hit industry outside of the auto industry” according to NAR Chief Economist Lawrence Yun.  Participants were successful in identifying common concerns and policy priorities.  They agreed to work to educate and provide policymakers a package of principles and priorities to guide them as they address the current crisis in the commercial credit markets. A broad range of commercial real estate disciplines and specialties were represented.  
View information about the meeting.

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Realtors Protected In Clean Energy Bill

The American Clean Energy and Security Act ( Waxman/Markey Bill) passed the House. NAR advocacy made this is a victory for REALTORS®. Read the NAR Legislative Analysis and the Facts vs. Myths page. Link to NAR documents: click here

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Commercial Headlines

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Register for the Commercial Council

The Commercial Council is an internal group of the Northern Virginia Association of Realtors® charged with developing and instituting worthwhile member services for established commercial brokers; and education for those interested in "breaking into" the commercial industry. This web page is the primary utility for our membership that falls into both of these categories.

Jump In!

Regardless of whether you are an established commercial broker, or a curious Realtor® interested in jumping into commercial.

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Commercial Resources

Are you taking advantage of all the commercial resources that the National Association of Realtors® has available for you?  CLICK HERE to visit NAR's RCA home page!

Other Commercial Resources from NAR:

Commercial Report

Commercial Real Estate Outlook

Commercial Member Profile

RCA Education Page

RCA Technology & Intelligence Briefings

Technology & Intelligence Podcasts

Realtors® Commercial Alliance Report

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Commercial Institute Affiliates

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