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Friday, February 26, 2016
Do you need a special license to “sell” a business?
Selling a business is not the same as selling a property. There is a lot involved in pricing and how to handle all the other potential aspects of the transaction. The quick answer is you do not need a special license. Your Real Estate license is all that is needed. The most important thing you should ask yourself is will you be able to handle the transaction? Do you have the skills and knowledge to market the property? If you do not then you will not be able to fulfill your fiduciary duty to the client which is to have their best interest in mind. You should be careful in accepting the listing if you are not sure you are competent to handle the listing. There are many things that may be involved in the sale that you should be aware of. There may be a lease in place for the space the business is in. What equipment may go with the property. Are there accounts receivable and payable? These are just some of the things that may go with the sale. http://www.realestateresource.tv
Today's New Listings!
34645 Willow Creek Pl, Willoughby - $399,000 1331 Bennett Rd, Madison - $329,900 7165 Hawthorne Dr, Mentor - $274,900 4423 Ashwood Ave...
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7249 Button Rd, Concord - $399,900 7768 Jo Ann Dr, Concord - $499,900 34403 Iris Ln, Eastlake - $249,900 SL 109 Bedaos, Mentor - $408...
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34645 Willow Creek Pl, Willoughby - $399,000 1331 Bennett Rd, Madison - $329,900 7165 Hawthorne Dr, Mentor - $274,900 4423 Ashwood Ave...
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8100 Forestdale Dr, Kirtland - $395,000 1570 Slick Rock Dr, Painesville Township - $375,000 7670 King Memorial Rd, Mentor - $350,000 1...