What is commercial real estate?

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2. hydras is ramen your Alberta real estate cuter today we'll talk about commercial real estate so let's take a look at what's considered commercial real estate so before we dive into that it's important to note that in order to sell commercial real estate you need a commercial real estate license if you have residential license you cannot sell commercial real estate so let's dive into it so what is considered commercial real estate now there are multiple different types of buildings that would fall under this category the first one is office so these would be your office towers or the definition is buildings intended for business use usually inhabited during business hours like I said these would be your office towers or corporate offices the next category is retail the definition for retail would be buildings used to promote commerce with consumers for goods and/or services the retail would consist of your storefronts the type of buildings you would find in original shopping centres or strip malls then we have industrial the definition is buildings used for processing raw materials and manufacturing goods as well as their storage here we are looking at buildings such as warehouses factories plants all of these would fall under the category of industrial real estate then we have a multifamily definition for life would be buildings used for dwelling that is comprised of more than four premises so multifamily commercial would be anything that is bigger than four Plex so four Plex and under would fall under residential real estate and you can sell that with residential real estate license however any building that has more than four units would be considered multifamily and in this we can get small buildings with six units or ten units all the way up to hundreds of units all of that is considered multifamily real estate and then we have institutional the definition here would be a building with the specialized use aimed at serving the public or private clientele in this category we have things like schools personal care facilities government buildings hospitalsgroverestate2009@gmail.com What is commercial real estate?

3. all of these would fall under institutional real estate let's do a quick recap in order to sell commercial real estate you need a commercial real estate license and the different types of buildings that would fall under this category include office retail industrial multifamily and institutional now let's take a look at some of the exam questions you may see related to this topic the question is a building used for processing raw materials and manufacturing goods as well as their storage describes which of the following types of buildings and the options are a commercial be industrial c recreational or d institutional and the correct answer here is B so any building that is used for processing raw materials or manufacturing Goods would fall under the industrial category let's take a look at another question a building with a specialized use aimed at serving the public or private clientele describes which of the following types of buildings and the options are a multi-family be industrial C office or D institutional and the correct answer here is D institutional so any specialized type of building would be called an institutional buildings and like we just talked about these would include your school's personal care facilities hospitals etc .So that's it for today. If you like some extra help in preparing for your2 bhk flats in nawada, I invite you to CLICK flats in honest dealor you can Also click registered property dwarkamor. Good luck I'll see you next time. groverestate2009@gmail.com

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