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The Great Disruptor
By Mark Hulsey
The "Great Disruptor" has finally arrived in residential real estate. Many hope this spawns a purging of agents across the US. Uber is an excellent choice for part-timers - not real estate professionals.
You've heard the big news by now. NAR got themselves, and our industry, into quite a mess. This organization needed a serious overhaul. But the core issue is how commission fees were charged to sellers in residential transactions.
Listen, commissions in real estate transactions have always been negotiable. Unfortunately, many residential agents, their brokers, and local MLS boards, didn't fully understand or comply with this concept according to our judicial system.
Commercial real estate is a whole different animal. Our world has always been about negotiating fees and they're all over the map. Fees for leasing vary depending upon what we're leasing. Commissions for selling commercial properties may include a coop fee for the buyer side or it may not. Fees for multifamily could be different than industrial or retail which are different than net-lease assets. It’s always been this way and it’s not a problem.
Article continued below...
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Cooper's Grocery Store
St. Paul, MN
Off-Market Private Sale
Price Undisclosed
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Office Tenant Rep - LEASED
Woodbury, MN
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Industrial Flex - SOLD
South St. Paul, MN
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4250 Nicollet Ave - RETAIL LEASED
Minneapolis, MN
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1706 NE Taylor St - MULTIFAMILY SOLD
Minneapolis, MN
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889 Grand Ave - OFFICE SOLD
St. Paul, MN
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Our YouTube channel is growing and we appreciate all of your support. | |
Viking Lakes 3.5 Acres
Redevelopment Site
Eagan, MN
Price Negotiable
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5 Sartell Land Parcels - 120 Acres
Seller: City of Sartell, MN
$1,990,000
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Big Kahuna Fun Park
Spicer, MN
Incredible Seasonal Income Asset
$1,150,000
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80 Units Multifamily
Andover Park Apartments
Rochester, MN
$6,500,000
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Coming Soon...
Eastside Depot - Storage & Distribution Site
Fairmont, MN
6.13 Acres & 1.45 Acres
$2,700,000
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Continued from above...
The Great Disruptor
By Mark Hulsey
Obviously, the consumer should always be educated about commissions and fees and know they DO have a choice in the matter. They are the client. They are the boss. They’re the one paying the bill and they should be able to say yes or no to whatever they want. Just like an agent can say yes or no to any assignment.
True real estate professionals don’t fret over any of this. There’s simply no need for drama. “Oh Mark, you don’t understand… This is a big deal. This changes everything!”
Yep, real estate transactions are changing. Go figure. So is everything else. Will AI take over the whole process in due time and real estate agents will turn into a glorified concierge service? Maybe. Not just yet.
Great agents and brokers are worth their weight in gold. Just like great title closers or lenders. The “market” always determines value. It doesn’t matter if you’re a basketball star, teacher, or bartender. The best in our profession get more money & better terms for their sellers and save their buyers big money or from making huge mistakes. We get the work done.
Disruption is okay. In fact, it’s often a very good thing. Let’s be smart and innovate. Let’s use this opportunity to better serve our customers. No drama. Now, just back to business.
Contact:
Mark Hulsey
mark@resultscommercial.com
651-755-2068 mobile
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AN INCREDIBLE MAN
WITH THE BIGGEST HEART
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Bruce Johnson is an amazing man! Please take just a moment and watch his story. Bruce brings to our world a level of generosity, caring, and sharing that we should all aim for. Thank you, Bruce!
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3040 Lyndale Ave S
Minneapolis, MN
Retail/Office
$1,250,000
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2641 Girard Ave S
Minneapolis, MN
7-Unit Multifamily
$1,525,000
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212 Ridgewood Ave
Minneapolis, MN
Mixed Use: 3 Apt + 6 Offices
$1,225,000
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5500 W Broadway Ave
Crystal, MN
Owner/User or Redevelopment
No Automotive Use
$1,300,000
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33.02 Acres Residential Development
Big Lake, MN
R1 & R3 Zoning
$1,100,000
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2480 White Bear Ave N
Maplewood, MN
Off-Market Med Office - 6 Units
$1,650,000
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RE/MAX COMMERCIAL SYMPOSIUM | |
Mark Hulsey provided a full-day, pre-conference commercial training titled, Best Practices of Top Producers to a full room of agents and brokers. Mark also moderated the Top Producer panel session during the symposium with Hayden Hulsey CCIM participating as a panelist. The RE/MAX Commercial Symposium held in Tampa, FL was a huge success with record attendance. | |
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2nd Level Office Space
500 West 98th Street
Bloomington, MN
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Retail Storefront
4252 & 4256 Nicollet Avenue
Minneapolis, MN
3,100 SF
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Warehouse Space
678 West 7th Street
St. Paul, MN
11,100 SF
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Office For Lease
Gilbert Building
413 Wacouta Street
St. Paul, MN
Multiple Units Available
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Warehouse Space For Lease
2533 Bloomington Avenue
Minneapolis, MN
22,430 SF
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Former School/Daycare
5710 Baker Road
Minnetonka, MN
2 Levels - 15,835 SF
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Medical Office For Lease
1140 Robert Street South
West St. Paul, MN
Second Level - 3,800 SF
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WHAT OUR CLIENTS ARE SAYING
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Doug and Mark were incredibly helpful and diligent from the day we met them to the day we closed. They were detail oriented, communicative, and bent over backwards to make sure we had all the options and information we needed to make optimal decisions every step of the way. We would recommend Results Commercial to anyone. Thanks guys!
Brendon Lund
1031 Exchange Buyer
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RE/MAX Results Commercial Sells & Leases Commercial & Investment Properties
We Are Seller-Focused
Multifamily, Net-Lease Investments, Retail, Office, Industrial, Land
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Mark Hulsey | Managing Broker | 651.256.7404 | 239.900.7995 | mark@resultscommercial.com
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RE/MAX Realty Team: Florida
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