Commercial Real Estate GLOSSARY
We hope you find this list of terms and definitions helpful in better understanding the commercial real estate industry. While this is not an exhaustive list, if you don’t see a term here that you are looking for, please feel free to contact us with the terms or definitions you would like to see, and we will add it to our list. We hope you find this information valuable and informative.
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Legal Notice: To the People of the State of New York: In compliance with New York Senate Bill #S7729, requiring real estate brokers to set in place standardized operating procedures, Clearwater Capital Management, LLC (“Clearwater”) states the following: Prior to showing a homebuyer a property or providing services: (1) Clearwater does not require identification from a prospective homebuyer, (2) Clearwater does not require a homebuyer to sign an exclusive brokerage agreement requiring the homebuyer to work only with Clearwater on all properties; and (3) Clearwater does not require a pre-approval for a mortgage loan in order to show properties to a homebuyer. However, based upon the requirements of the seller, the building in which the properties are located, or others, some or all of the foregoing items may be required.