BY CHUCK WEST, CCIM AUTHOR AND EDITOR
Forever West SEPTEMBER 2021
WHY SHOULD I HIRE A COMMERCIAL REAL ESTATE BROKER? This question might evoke another series of questions such as “Why do I need a broker at all?”, “Why do I need another broker since my broker is my friend and has bought and sold two houses for me?”, “Doesn’t the State of Wyoming license all brokers to sell all real estate?”, and, “What is a commercial/ investment broker anyway?” Before attempting to answer the above questions, one might ask “If I needed brain surgery would I go to a brain surgeon or my GP since they are both licensed by the State to ‘practice medicine’?” If I wanted to have a complex medical procedure done, would I be concerned if my MD did not know the difference between liposuction and lobotomy? If Donald Trump wanted to sell one of his Trump Tower investments to the Clinton Foundation, would he hire an attorney who just passed the bar exam or an experienced attorney who just specialized in real estate law? Aren’t all attorneys licensed to practice any kind of law? Our society and our lives are becoming more complex every day. Just look at the Federal Income Tax Code, review your insurance policies, sign up for Obamacare, review the hunting and fishing regs even in WY, fill out a loan application etc. I could go on and on. It is no longer easy to do things on your own nor is it easy for a professional to be a generalist. The vocabulary of professions differs from the general language used in everyday conversations. Likewise professional specialists have a vocabulary that differs from generalists. Knowing the definition of a technical word might make you a champ on jeopardy or impress people at a cocktail party but knowing how the term is applied and what it means is even more important and relevant.
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LEGAL REGISTERED AGENT CORNER
Wyoming Statutes Article 17 et seq require all LLCs and Corporations to have a registered agent (RA) domiciled in Wyoming to receive service of process. The RA must have a physical address in Wyoming. In addition: Every entity shall provide to its registered agent , or to the secretary of state as provided in W.S. 17-28-107(b), and keep current the name, mailing address and physical address, if different, and business telephone number of a natural person who is an officer, director, limited liability company member or manager, managing partner or trustee of the entity who is authorized to receive communications from the registered agent and is deemed the designated communications contact for the entity. The designated communications contact for the entity shall not be the entity’s registered agent or an employee of the entity’s registered agent unless the registered agent is the entity’s officer, director, limited liability company member or manager, managing partner or trustee. W.S. 17-28-104(d)
FEATURED PROPERTY
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Chuck West of #1 Properties was awarded the Certified Commercial Investment Member (CCIM) designation #897 in 1978 by the CCIM Institute, one of the leading commercial real estate associations in the world. More than 15,000 commercial real estate professionals have earned the CCIM designation requiring a rigorous combination of coursework and experience since the program was founded in 1969. Chuck is a licensed real estate attorney in CA since 1983 and broker in CA and WY, and has been involved in commercial real estate for over 30 years in private practice, as a corporate executive in charge of 10 million square feet of commercial properties on a national basis and as Director of Real Estate for two large counties handling 14 Million square feet of leased space and 50 million square feet of government owned space.
118 EVELYN STREET CHEYENNE, WYOMING $9.95/sf 15752 sf divisible.
#1 Properties has closed 1,459 sales in 2021 YTD with a total volume of $522,640,956
09.13.21
This newsletter is not intended to solicit another Realtor’s Listing. This Realtor complies with the National Association of Realtors Code of Ethics. Email me to unsubscribe or obtain back issues of this newsletter at chuck@cheyennehomes.com.