Create professional development programs that help REALTORS® strengthen their businesses.
Protect private property rights and promote the value of REALTORS®.
Advance ethics enforcement programs that increase REALTOR® professionalism.
Protect REALTORS® by providing legal guidance and education.
Stay current on industry issues with daily news from Illinois REALTORS®, network with other professionals, attend a seminar, and keep up with industry trends through events throughout the year.
Instructor: Marty Norkett
Location: Chicago-area • Rolling Meadows
Start Date: Oct 28, 2019 • End Date: Oct 28, 2019
Credit Hours: 3 – Elective
Registration Information
Mainstreet Organization of REALTORS®
[email protected] or 630-324-8400
Course Description
This course will review basic financing and fundamental calculations used to finance commercial real estate properties. Participants will calculate loan to value ratios, physical and economic vacancy rates, overall vacancy rate, and the impact of net operating expenses before debt service (N.O.I.) and capitalization rates of the asking price of a commercial property. Participants will correlate the results of their calculations with sample proformas. Sample proformas will be provided for the following types of commercial properties: apartment building, industrial, office building, vacant land and retail shopping center and participants will be asked to compare and contract each type of proforma. This course is a component of the Commercial Real Estate series offered by the Norkett & Associates and is designed for real estate professionals at the intermediate level.
