Osprey Real Estate Services - North Bay specializes in commercial sale and lease negotiations. As such,
we can act as a representative of either side of a sale or
lease transaction. Below are details about fiduciary responsibilities
and the responsibilities of the broker with regard to each type of listing.
Seller Representation
An exclusive listing is a standard type of listing where the broker
exclusively represents the seller and has full fiduciary responsibilities
to the seller. The broker and the seller agree to terms and conditions
of the sale of the property and the brokerage fees, which are paid to
the broker by the seller.
The broker has the following duties: (1) dealing honestly and fairly,
(2) loyalty, (3) confidentiality, (4) obedience, (5) full disclosure,
(6) accounting for all funds, (7) skill, care and diligence in the transaction,
(8) presenting all offers and counter offers in a timely manner, unless
a party has previously directed the licensee otherwise in writing, and
(9) disclosing all known facts that materially affect the value of real
property and are not readily observable.
Osprey Real Estate Services - North Bay, Inc. will make every effort to market the property
for sale to all potential buyers, solicit the cooperation of other real
estate brokers and enlist their best efforts t secure sale terms which
are satisfactory to the seller.
Buyer Representation
Osprey Real Estate Services - North Bay
often works in a buyer’s broker capacity searching for properties
that meet the investment or purchasing criteria of a potential buyer.
Whether the purchase be for a straight investment, a 1031 exchange or
for the buyer to occupy the property, Osprey can map out the process
of meeting the criteria of the buyer to fine tune the options of what
is available that meets the buyers needs. Osprey Real Estate Services - North Bay,
Inc. will make every effort to obtain all pertinent information on potential
sites and properties which meet the principal’s requirements and
to cooperate with other real estate brokers, if necessary, and to enlist
their best efforts to secure purchase terms which are satisfactory to
the Principal.
Industry standards dictate that the broker be compensated by the seller/owner
of the property. However, should any potential property that the
principal is considering not include compensation of a commission to
Broker by the seller, Broker immediately informs principal of such
so that the buyer can make adjustments in any offer price to ensure
payment of the appropriate commission to the Broker.
Osprey Real Estate Services - North Bay, Inc. will make every effort to obtain all information
on available properties that meet the criteria of the buyer, solicit
the cooperation of other real estate brokers and enlist their best efforts
to secure purchase terms, which are satisfactory to the buyer.
Tenant Representation
Tenants often require the help of a broker to navigate the process of
looking for appropriate space for their new or relocating office, industrial
or retail space needs. In this instance, Osprey solely represents
the tenant with regard to all negotiations.
Osprey Real Estate Services - North Bay, Inc. acquires complete information on all available
locations, which meet the preset criteria of the tenant and solicit
the cooperation of other real estate brokers and building owners and
enlist their best efforts to secure lease terms, which are satisfactory
to the Principal. Osprey collects and coordinates the terms and conditions
of all proposals for lease but all negotiations are subject to final
approval of the tenant and no approval of any document or negotiations
shall be assumed until a legal and binding lease agreement has been
fully executed. The broker is generally fully compensated for its efforts
by the building owner (landlord) upon execution of a mutually acceptable
lease.
Osprey Real Estate Services - North Bay, Inc. makes every effort to acquire complete information
on all available space available that meets the criteria of the tenant,
solicit the cooperation of other real estate brokers, and enlist their
best efforts to secure lease terms, which are satisfactory to the Principal.
Landlord Representation
Osprey has represented many office, retail and industrial buildings
and has assisted them in leasing up properties. This work encompasses
marketing, lease negotiations, advertising, helping to draft proposals,
leases for review by legal representation and help with initial space
planning. Exclusive representation insures a building landlord that
their product is getting out into the community and in front of potential
tenants, brokers and that they have current information with regard
to lease content, typical lease standard, rent, incentives, etc. This
information allows the landlord to be sure that they are obtaining the
best credit worthy tenants at the highest and best rental rates in the
competitive marketplace.
The broker has the following duties: (1) dealing honestly and fairly,
(2) loyalty, (3) confidentiality, (4) obedience, (5) full disclosure,
(6) accounting for all funds, (7) skill, care and diligence in the transaction,
(8) presenting all offers and counter offers in a timely manner, unless
a party has previously directed the licensee otherwise in writing, and
(9) disclosing all known facts that materially affect the value of real
property and are not readily observable.
Property Management
Osprey Real Estate Services - North Bay, Inc. specializes in commercial real estate lease
and sale negotiations. We currently do not handle any property management.
Should a landlord require the services of a property management company,
we have several that we would recommend. Please call or e-mail for more
information or recommendations.
Consulting Services
Osprey is often called upon to perform consulting services for an
opinion of value, negotiations on existing leases, and other real estate
issues. Osprey and none of its employees are lawyers and cannot act
or replace the advise of an attorney if necessary or required, but can
provide valuable consulting services for an hourly rate depending on
the services required.
Disclosure
Osprey Real Estate Services - North Bay
will work with and offer any property to any person without regard to
race, color, religion, sex, handicap, familial status, national origin
or any other factor protected by federal state or local law.
FOR
SALE / FOR
LEASE / CONTACT US / HOME
/ RECENTLY
CLOSED TRANSACTIONS
