TACS - Texas Accredited Commercial . - Texas Real Estate
Texas Accredited Commercial Specialist OutlineTACS 1 - INTRODUCTION TO COMMERCIAL REAL ESTATEDay 1 - 8 hours or 400 minutesDifferences between Commercial Real Estate and Residential Real EstateDefining the DifferencesResidential – Living and EnjoymentCommercial – Business and CommerceUsersInvestment PropertyLiquidityCommercial AgentsWorking as a Commercial Real Estate AgentDetermining Highest and Best erty ManagementProfessional Ethics and ConductTREC Rules Chapter 531 Canons of Professional Ethics and ConductREALTOR Code of EthicsCommunicating Effectively with ClientsRequired UnderstandingEffective CommunicationMarket TerminologyClient's Needs and WantsIdentifying Suitable PropertiesCostsRisks and RewardsKey Physical and Financial Attributes of the PropertyCommunicating the Value PropositionExisting and Potential Financing StructuresBroker LimitationsBe Prepared to Explain Required Legal DocumentsAdvancing Your Commercial REALTOR CareerCertified Commercial Investment Member Designation (CCIM)Continue to Advance your Career through CCIM CoursesAchieve Recognition as a Leading Industry ExpertBreakKey Players/StakeholdersTypes of InvestorsBuyersDomesticForeignInstitutional OwnersAcquisition Agents
Investment CommitteesPortfolio ManagersAsset ManagersSponsorsTenantsTenant RepsLeasing AgentsBuy and Sell Broker/AgentProperty ManagersFacilities ManagersProperty ConsultantsCorporate Real EstateAppraisersProperty Inspectors/EngineersAttorneys and CPAsBusiness Managers and Financial AdvisorsBreakCRE Investment ConsiderationsOwnership Types and StructuresIndividual, LLC, Corporations, S-Corp, C- Corp, Professional and Non-ProfitTICGeneral PartnershipLimited PartnershipLimited Liability PartnershipReal Estate Limited PartnershipJoint VenturePrivate EquityTrustsLiving TrustGrantorREITDSTBreakWealth GeneratorLeverageAdvantagesInsufficient CapitalInterest Tax DeductionDisadvantagesPositive LeverageNegative LeverageNeutral LeverageBuilding Equity Using Property Revenues and AppreciationFinancial Performance MeasuresOpportunity Cost of CapitalROIQuiz 1Break 2019 Texas REALTORS
Understanding the Use of and Application of CRE Financial AnalysisPotential Gross Income (PGI) or Gross Scheduled Income (GSI)Other Income Sources (OI)Vacancy Rate (V)Credit Loss (C)Effective Gross Income (EGI)Rent AbatementsDefining Operating ExpensesProperty Related Operating ExpensesCategories of Property Related Operating ExpensesFixedVariableCAM expensesInternal SpaceExternal SpaceReplacement ReservesBreakCapital Expenditures (CAPEX)Net Operating Income (NOI)Leasing CommissionsDay 2 - 8 hours or 400 minutesUnderstanding the Use of and Application of CRE Financial Analysis - Day 2Quiz 2GRM/GIMCap RateLeverage Effects on ROILeveraged ReturnsUnleveraged returnsDebt ServiceCash Flow Before Taxes (CFBT)CFBTCash-on-Cash Return Before TaxesBreakInvestor Tax ConsiderationsInvestor Tax RateDepreciation AllowanceCash Flow After Taxes (CFAT)Effects of Leverage on Cash FlowUse of a SpreadsheetBreakIdentifying the Holding PeriodReversion Cash FlowTime Value of MoneyPV vs. FVDiscount RateSelecting a Discount Rate or Growth Rate 2019 Texas REALTORS
Going in CAP RateTerminal Cap Rate and PVBreakRequired Rate of Return Risk Free Rate Risk PremiumRisk Free RateU.S. TreasuriesRisk Premium10Y Corporate Investment Grade Bonds BBBHurdle RateDiscounted Cash Flow Analysis (DCF) – Cash Flow Adjusted for Time Value ofMoneyBreakNet Present Value (NPV) – Current Value of all Future Cash FlowsTarget or Required Rate of ReturnNumber of Time PeriodsAnnualized Cash Flow Inflows and OutflowsDay 3 - 8 hours or 400 minutesIRRs Levered and UnleveredBreakExercise 1BreakAsset/Property Market - Capital MarketsPublic and PrivateEquity AssetsDebt AssetsAvailability of Capital and CreditCommercial Banks/CMBSREITsPensions, Insurance CompaniesPrivate EquityBreakTypes of Financing, Underwriting and StructureStandard Commercial Permanent LoanVariableFixedBalloonNon-RecourseDue-on-Sale ClauseDebt Service Coverage Ratio (DSCR)Construction/Take-OutSBABridgeCapital StructureMezzanine FinancingEquity ParticipationWaterfall IRR Model 2019 Texas REALTORS
BreakExternal Factors to Consider in CRE MarketsMarket EfficiencySubstitutionMarket ClassificationsGateway CitiesMarket SegmentationMSAsCBDsMarket CyclesReal Estate CyclesLand Use, Compatibility, and BoundariesBoundariesCompatibility and DensitySpace MarketSupply and DemandAbsorption RatesVacancy RatesMonths SupplyLand ScarcityBreakQuiz 3Day 4 - 8 hours or 400 minutesMajor Types of CRE InvestmentsOfficeOffice ClassificationsQuality of SpaceClass AClass BClass CClassification by TypesClassification by UsesMarket AnalysisProperty AnalysisOffice Space MetricsOffice Space/EmployeeExercise 2: Case StudyWeWork – Effects on Square Foot per EmployeeBreakOffice, con't.Building and Ceiling HeightsGross Building AreaRentable Area – Price per Square FootRented AreaLoad FactorFloor Area Ratio 2019 Texas REALTORS
Efficiency RatioParking RatioFloor PlateCAM FeesIREMNAIOPBOMARetail Types and ConsiderationsTypes of Retail PropertiesFree StandingStrip CentersMain StreetNeighborhood CentersCommunity Shopping CentersOutlet CentersLifestyle CentersPower CentersRegional CentersMarket AnalysisLocation and CompetitionTrade Area CirclesProperty AnalysisRetail Space MetricsGross Floor Area (GFA)Gross Leasable Area (GLA)Gross Sales Area (GSA)Parking RatioParking IndexICSCBreakIndustrial PropertiesDesign and layoutLightHeavyManufacturingResearch and DevelopmentSelf-StorageWarehouseFlex SpaceCold StorageTruck TerminalsLong-Term StorageDistributionBusiness Parks and Industrial ParksBroker Due Diligence Special ConsiderationsEnvironmental Site AnalysisPhase 1, 2, 3Brownfields 2019 Texas REALTORS
AsbestosEnvironmental RegulationsMarket AnalysisLocationProperty AnalysisHigh Load Utility RequirementsDock Heights and Number of Loading DocksLogistics - Access to Highways, Shipping, Rail and Air TransportationLabor Availability and CostPublic TransportationIndustrial Space MetricsFloor Area RatioSpanHeightFloor Load CapacityPower ServiceSIORBreakMulti-FamilyClassification by QualityClass AClass BClass CClassification by Type and SizeConversions/CondoCo-OpsMixed UseRevenue SharingCAM AssessmentsDuplexTriplexGarden- Style ApartmentsLow RiseMid RiseHigh RiseMarket AnalysisProperty AnalysisMulti-Family Space MetricsAbsorption RateOccupancy RateTurnover RateEconomic LossesPrice per UnitGRMCap RateCash-on-CashNAANMHC 2019 Texas REALTORS
BreakSpecial Purpose PropertiesHospitality PropertiesCapital Intensive with High Revenue VolatilityHotel TypesLuxury HotelsFull ServiceResort, ConventionExtended StayEconomy HotelsBed and BreakfastMarket AnalysisHospitality Space MetricsOccupancy RateAverage Daily Rate (ADR)Revenue per Available Room (RevPar)AHLAExercise 3: Airbnb Case Study - Effects on Traditional LodgingBreakSenior HousingRegulated by State and Federal AuthoritiesTypes of Senior HousingIndependent LivingAssisted LivingAcute Nursing FacilitiesMarket AnalysisSenior Housing MetricsOccupancy rateAnnual Rent GrowthAnnual Absorption RateAnnual Inventory GrowthIncome and expenses are determined per resident per day (PRD).CAP rateThe National Investment Center for Seniors Housing & Care (NIC)American Seniors Housing Association (ASHA)Commercial LandOwnershipPrivately OwnedSpeculatorDevelopmentInstitutionally OwnedStable RevenueLeasedTypes of Land UseAgribusinessFarmVineyardCommercial Boarding Facilities 2019 Texas REALTORS
Equine BusinessesTenant HorsesLivestock FarmsDairy FarmsHuntingTimberlandRecreational and WaterfrontMarinaGolfOil and MineralsLand MetricsLand Residual Value & Highest and Best UseBreakQSRQuiz 4Final examTACS 2 - COMMERCIAL REAL ESTATE PROPERTY DEVELOPMENTLeasing, Development, Valuation and Broker FundamentalsChapter 1 - 8 hours or 400 minutes - LeasingLeasing, Property and Operations ManagementTREC Licensing RequirementsStatute of FraudsReal Estate Broker CommissionsLeasing StrategyLease PeriodsLeasing StepsSecurity DepositLease TypesGross leasehybrid/modified gross leasesingle net lease (N)double net lease (NN)triple net lease (NNN)percentage rentBreakKey Lease ProvisionsExclusive UseQuiet EnjoymentExpansion rightsMarket Exclusivity rightsSecurity access cards 2019 Texas REALTORS
Parking and storageSignageHoldoverEscalation clauseSubletCancellation clauseOther tenant expensesUtilitiesWaste disposalBreakLease concessionsRent abatementsTenant ImprovementsMoving expensesCAM feesLeasable areaLeased areaBreakMarket RentsMarket rent determinationBase Rental ExpenseEffective rent part 1Effective rent part 2Other Operational and Financial Analysis MetricsPad or OutlotBreakReal Estate DevelopmentDevelopersLand OwnersDevelopment RisksCertificate of OccupancyScenario Based Learning Exercise 1Quiz 1Chapter 2 - 8 hours or 400 minutes - Valuation of PropertyTypes of Interim LoansTypes of LoansAcquisition and DevelopmentMini-PermPermanent 2019 Texas REALTORS
BreakDevelopment StagesFirst Stage - Site Location & AnalysisLand and Preparation StagesCostsValue PropositionDeveloper ProfitsBreakFeasibility AnalysisBreakCMA Part 1Ownership Rights and Permitted UsesGeneral Market CharacteristicsPopulation growthDemographic informationHousing trendsMean vs. MedianBreakCMA Part 2Vacancy and Absorption RatesLocal Market CharacteristicsProperty CharacteristicsSite CharacteristicsPhysical Characteristics of the PropertyFinancial Characteristics of the PropertyAvailability of FinancingDemand AnalysisComparative AnalysisA Few Data Collection Sources for CMAScenario Based Learning Exercise 2Quiz 2Chapter 3 - 8 hours or 400 minutes - Due DiligenceAgent Due DiligenceData CollectionName of owner(s) and titleLegal descriptionType of deedAssignment of leases or other interests 2019 Texas REALTORS
Interests, rights and restrictionsLease terms (if recorded)Deeds of trust and other security interestsOther recorded interestsPlat and recorded easementsFlood Plain and DrainageBreakAgent Due Diligence, con't.Tax RecordsVerify Current Use is in Compliance with Local ZoningReview Current and Future Municipal/County Plans with Planning OfficeMeasuring methodsSolicit Information from the Property Owner and Survey the PropertyReason for sellingStaff, salaries and other compensationTitle insuranceLicenses, permits and C.O.s for each tenant and buildingNotices of violations or pending violations - licenses, permits, fire, zoningCurrent or pending litigationBreakAgent Due Diligence, con't.Zoning and deed restrictionsPending municipal code changesSoil reportsBuilding ageBreakData CollectionBlue prints and surveys, plat, plot plan, floor plan, floor plate sizeBuilding design and construction materialsISO 1ISO 2ISO 3ISO 4ISO 5ISO 6Renovations or improvementsBreakOwner InformationCeiling heights 2019 Texas REALTORS
Total and leasable square feetCommon areas including stairways and corridors and lightingRoof reportMechanical systems and locationsElectric servicePlumbingScenario based exercise 2Quiz 3Day 4 - 8 hours or 400 minutes Valuation considerationsBuilding design and construction materialsUtlitiesInternetHVACElevators and escalatorsParking garagesBreakBuilding ConsiderationsSignageSafety and security planSafety and security equipmentIngress, egressUtility bills for past 2 yearsGreen energy designationsLEEDEnergy Star Environmental concernsADA complianceTrade fixtures and furnishings, equipment and suppliesLoan documents (if loan can be assumed)Mixed use compositionBreakLegal considerationsTenant mixCopies of all leases and subleasesLeasing status reportCurrent and last 3 years - building financial statementsCurrent and historic vacancy ratesOptions and first right of refusalsCAM assignment breakdown 2019 Texas REALTORS
Estoppel certificatesReserve and replacement studyMaintenance and management and IoTBreakLegal considerations, con't.Copy of building master and tenant loss liability insurance policiesSecurity depositsTenant expenses and incentives, concessionsTI obligationsTenant financial statements and credit reportsExisting LOIsWalk the lue ComponentsFee Simple vs. Leased FeeApproaches to ValueSales ComparisonCost ApproachIncome Capitalization ApproachFinal ReconciliationScenario based learning exercise 3Quiz 4Final examTACS 3: COMMERCIAL REAL ESTATE, MARKETING & NEGOTIATIONDay 1 - 8 hours or 400 minutesNegotiationCAPSTONE Project AssignmentProperty Pro-FormaEquity MultipleBreakExercise 1BreakUse of Data Aggregation ResourcesCRE Management SoftwareARGUS DCF – Industry Standard for Evaluating Cash FlowsListing Services 2019 Texas REALTORS
Commercial Information Exchange and Commercial/Industrial MLSCoStarReal-time, Forward LookingProperty Listings and DataStrength - Property Level InformationREISReal-Time, Forward lookingProperty Listings and DataStrength - Market/Sub-Market TrendsLoopNetRCALooks BackInstitutional Level Private Market Property Sales InformationStrength - Non-Listed Private Transactional Sales Information and Global EconomicTrends AnalysisBreakRPR PresentationComprehensive Market Data, Trends, Analysis and Performance ProjectionsExercise 2 - Part 1BreakExercise 2 - Part 2Negotiating the DealStrategyBreakExercise 3 - Part 1BreakExercise 3 - Part 2Quiz 1Total Time Day 1Day 2 - 8 hours or 400 minutesCommercial Brokerage basicsCRE Exit Strategies1031 ExchangeExchange ProcessBreakInvestment considerationsAlternative Tax-Free Investments 2019 Texas REALTORS
FIRPTARenovation, Rehab or Repurposing the PropertySale with Depreciation Recapture and Capital GainsBreakCommercial FormsNon-Disclosure & Confidentiality Agreements (NDA)TXR-1947Commercial Request for Evaluation Materials and Confidentiality AgreementLetter of Intent to Purchase & Lease (LOI)Details of Intended ActionsNon-bindingTXR-1803 - Commercial Letter of Intent to PurchaseTXR-2122 - Commercial Letter of Intent to LeaseBreakContract Forms and AddendumsInformation About Brokerage Services notice IABS 1-0Commercial Forms, con't.Commercial Property Management Agreement TXR-2202Commercial Amendment To Property Management Agreement TXR-2203Commercial Property Condition Statement TXR-1408BreakCommercial Real Estate Listing Agreement - Exclusive Right To Sell TXR-1301BreakCommercial Real Estate Listing Agreement - Exclusive Right To Lease TXR-1302Commercial Real Estate Listing Agreement - Exclusive Right To Sublease TXR-1303BreakCommercial Buyer/Tenant Representation Agreement TXR-1502Amendment To Buyer/Tenant Representation Agreement TXR-1505Registration Agreement Between BrokersTXR-2402BreakCommercial Registration Agreement Between Broker And Owner TXR-2403Quiz 2Group CAPSTONE Strategy meetingTotal Time Day 2Day 3 - 8 hours or 400 minutesCommercial Contract - Improved Property TXR-1801BreakCommercial Contract - Unimproved Property TXR-1802Non-Realty Items Addendum TREC NO. OP-M 2019 Texas REALTORS
Notice Of Information From Other Sources TXR-2502Addendum For Reservation Of Oil, Gas, And Other Minerals TXR-1905Addendum For Seller’s Disclosure Of Information On Lead-Based Paint Hazards TXR-1906Addendum For Coastal Area Property TREC No. 33-2BreakAddendum For Property Located Seaward Of The Gulf Intracoastal Waterway TXR-1916Commercial Contract Special Provisions Addendum TXR-1940Commercial Contract Assignment of Buyer’s Interest TXR-1943Commercial Contract Condominium Addendum TXR-1930BreakCommercial Contract Condominium Addendum (incomplete construction) TXR-1946Commercial Contract Financing Addendum TXR-1931Commercial Contract Amendment TXR-1932Commercial Tenant Estoppel Certificate TXR-1938Commercial Contract Critical Date List TXR-1942BreakCommercial Contract Termination Notice TXR-1939Commercial Lease Application TXR-2120Commercial Lease TXR-2101 Part 1BreakCommercial Lease TXR-2101 Part 2Commercial Lease Amendment TXR-2114Commercial Lease Addendum For Expense reimbursement TXR-2103BreakCommercial Lease Addendum For Percentage Rent TXR-2106Commercial Lease Addendum For Optional Space TXR-2110Commercial Lease Guaranty TXR-2109Commercial Landlord’s Rules And Regulations TXR-2108Commercial Lease addendum For Parking TXR-2107Commercial Lease Addendum For Contingencies TXR-2119BreakCommercial Lease Exhibit TXR-2115Commercial Lease Acceptance Form TXR-2113Quiz 3Group CAPSTONE Strategy meetingTotal Time Day 3Day 4 - 8 hours or 400 minutesAssembling the transactionCommercial Lease forms 2019 Texas REALTORS
Commercial Lease Construction addendum (Tenant To Complete Construction) TXR-2112Commercial Lease Construction Addendum (Landlord To Complete Construction) TXR-2111BreakCommercial Lease Addendum For Right Of First Refusal TXR-2105Commercial Lease Addendum For Broker’s Fee TXR-2102Commercial Lease Addendum For extension Of Term TXR-2104BreakCommercial Lease Inventory And Condition Form TXR-2121Commercial Lease Special Provisions Addendum TXR-2125Commercial Sublease TXR-2116Commercial Sublease Addendum For Broker’s Fee TXR-2118Commercial Sublease Guaranty TXR-2124BreakAgent Development and MarketingManage your Time WellProductive UseNon-Productive UseCRE NetworkingSocial Media and MarketingBreakRegulatory OversightTREC Rules on AdvertisingCAN-SPAM ActBusiness PlanExecutive summaryBusiness DescriptionFinancial PlanMarketing and AdvertisingPositioning Yourself for SuccessReview PeriodSWOT AnalysisBreakQuiz 4CCIM Presentation and Q&A regarding actual practicesBreakExercise 4- GROUP PROJECT - CAPSTONE Group Final Preparation 2019 Texas REALTORS
CAPSTONE Presentation 1BreakCAPSTONE Presentation 2Course wrap-upFinal exam 2019 Texas REALTORS
Luxury Hotels Full Service Resort, Convention Extended Stay Economy Hotels Bed and Breakfast . Security access cards 2019 Texas REALTORS Parking and storage Signage . Holdover Escalation clause ; . COMMERCIAL REAL ESTATE, MARKETING &am
TACS TRAINING. TACS: Time and Attendance Collection System . Supervisor Training . Participant’s Workbook. Course 31267-01 . April 2012 . Finance. Payroll. Participant's Workbook i. DRAFT TACS TRAINING. Use of Training Materials . These course materials are intended for training purposes only. They have been prepared
Administrative Centres (TACs) in KZN. To this end, four new TACs were constructed, and 21 existing TACs were refurbished. Capacity building A service provider was appointed and modules were finalised for short credit-bearing courses in leadership and good governance. The
draft tacs training i participant's workbook contents module one -- introduction 3 module two - logging in and navigating in the tacs application 15
Mr. Craig L. Hevalow, Editor Ms. Leah M. Napoli, Designer Training And Certification System (TACS) Update by Major Troy Lokhaiser, Executive Director The bi-annual certification of officers was completed in June 2017. As I'm sure you're aware, this was the first certification process completed utilizing MPOETC's new com-puter system, TACS.
Road, Martinsville 3. Kimberly Renee Oliver Tax Map No. 25.5(002)000/021, 22, 23 Acct No. 165330000 TACS No. 133983 294 Hales Fish Pond Road, Bassett 4. Karlene H. Fulton Tax Map No. 62.8(017)000/000B Acct No. 072147000 TACS No. 134761 1727 Phospho Springs Road, Ridgeway 5. Phyllis Harris Cannoy (Life Estate) Tax Map No. 64.1(000)000/003A
(2) The “in the clear” address of the office to whom the transportation bill is to be charged. This will be used for billing stand-alone TACs. This requirement is not applicable to DLA TACs. (3) The beginning and ending date of the TAC a
Development from 2G to 3G Japan Europe Americas 1st Gen TACS NMT/TACS/Other AMPS 2nd Gen PDC GSM TDMA CDMA Global strategy based on W -CDMA and EDGE networks, common IP based network, and dual mode W-CDMA/EDGE phones. Converged TDMAGSM amyli of echnologies w lhavli e domnanti mar
Introduction to Phonetics for Students of English, French, German and Spanish This Introduction to Phonetics was originally a booklet produced in the School of Modern Languages at the University of Southampton, to serve as a background and further reading text for the Articulatory Phonetics component of our first-year Linguistics unit. It focuses on the structure and linguistic function of .
