Commercial Real Estate is a specific niche inside the real estate industry. It is a specialized niche that not many real estate agents and brokers have the ability to break into. And, unfortunately, it is not a niche where someone with an arrest record will tend to do well in. Here are a few things that you need to know about commercial real estate.
When someone buys or sells a property, they really aren’t too interested in the background of the professional that facilitates the transaction other than whether or not the individual has the skillset necessary to get them the price they want and to move the process along quickly. The same cannot be said about companies that are looking for real estate.
Most companies, especially large ones, need certain concessions when it comes to a real estate deal in order to make it an attractive situation. For example, they need to have certain tax breaks made available in order to make the location attractive enough to set their organization up. They also need a pool of labor to staff the new location. This may require them to have access to a pool of individuals with a special set of skills or knowledge base.
In addition to these criteria, a company looking for real estate will be very selective about the individual or company they choose to do business with. This is for a couple of reasons. The first is that doing business with someone with one or many Arrest Records can open them up to both civil and criminal penalties due to the potential for mistakes or intentional errors to be made in the deal. In addition, doing business with contractors with arrest records can have a negative impact on their reputation.
Commercial real estate is a highly specialized niche that not every real estate agent or broker has the ability to service. It requires a high level of specialized knowledge as well as extensive experience in the real estate industry and the market that they are serving. It also requires the real estate agent or broker to maintain the highest level of standards in their personal and professional conduct, refraining from participating in activities that may result in arrest records or worse. Arrest records for such mundane infractions such as OWI can cast a dark cloud over the individual and prevent them from being able to be successful in the highly lucrative commercial real estate industry.
Arrest records are public records and are widely distributed by a range of websites that have a sole purpose of making these records readily available for those who want to have the most information on those they do business with. Companies routinely conduct extensive background checks on the companies they do business with to ensure that they are sound and able to deliver the products and services being procured. The presence of arrest records by owners, managers or staff usually eliminates a real estate company from providing services.