Burt M. Polson - Commercial Real Estate Broker

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Bond...James Bond - Secret Agent vs. Fiduciary Agent

Being a secret agent works well for James Bond: infiltrating the enemy, securing the microchip and getting the woman are all part of the mystique.

The structure of the agent-client relationship or broker-agent relationship should not be a secret. The California Bureau of Real Estate (CalBRE) is always looking out for the consumer, protecting their interests by upholding and creating laws, searching-out the unethical broker and reprimanding appropriately.

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12 Step Annual Check-Up for Commercial Property Owners - Part 1

It can be easy for commercial property owners to become complacent. The nature of some types of commercial properties can develop a sense in their owners that all is good when they should be proactively performing an annual check-up.

The terms in a lease could require the tenant to take care of the maintenance causing the owner to take on the attitude that all is good as long as the rent is being paid.

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You Can Tell a lot by the Title - Part 2

Like the title to a good book, the method the owners hold title to real property can tell you a lot about the purpose of the property. Depending on how an owner intends to utilize the property could dictate how title should be held.

Additionally, what the owners would want to accomplish when title is conveyed through a sale, probate or some other means should be considered when the property is acquired.

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Closing Escrow (Insert Blissful Harp Music Here) - Part 1

Whether you are a seller, buyer or broker hearing the words “closing escrow” from an escrow officer are words of beauty that conjure up feelings of rainbows, puppy dogs and unicorns.

Okay, maybe not unicorns, but you get the idea. In most cases when a transaction is about to close escrow the deal is done: due diligence is complete, the down-payment, loan funds or cash are in the escrow account and the brokers involved have submitted their escrow instructions.

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