Author Profile: Bill Broadbent, S.E.C., CCIM

Biography »

Bill Broadbent, S.E.C., CCIM (San Luis Obispo, California) was an active real estate broker in San Luis Obispo, California since 1959. Bill was president of Arnett & Broadbent, Inc. and specialized in investments, exchanging and consulting, all under Single Agency. A pioneer of Buyer representation since the early 1970's he is acknowledged as "the Architect of Single Agency." In 1998, the National Association of Exclusive Buyer's Agents with an Outstanding Service Award honored Bill for his service as a "Founding Father of The Exclusive Buyer Brokerage Movement." He is also recognized for his major contributions to real estate exchanging, the Consulting alternative and the discount note business.©2009-2011 The S.E.C. Real Estate Observer

Publications »

Desire Breeds Counselors
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Posted in The S.E.C. History Files, Winter 2017 - 2018 on 12 December 2017
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 Editor’s Note:  This article first appeared in the February 1973 issue of the Real Estate News Observer So you do not want to become an exchangor? Many brokers and salesmen feel that they do not want to spend the time, money, and effort to educate themselves in the specialized field of real estate exchanges. Fine, […]

Caveat Emptor, Baloney, and Thou
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Posted in Summer 2015, The S.E.C. History Files on 2 August 2015
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In response to inquiries about the dangers of over-creating paper above the reasonable market value of a property, I would like to outline danger areas from a broker’s point of view.

Starting an Exchange Group
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Posted in Fall 2013, The S.E.C. History Files on 17 October 2013
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In the beginning the 1950s, a man named Richard R. Reno was preaching a new creative approach to the real estate business.

Desire Breeds Counselors
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Posted in Spring 2013, The S.E.C. History Files on 21 April 2013
Stats: 1,140 views and 1 Comment

So you do not want to become an exchangor? Many brokers and salesmen feel that they do not want to spend the time, money, and effort to educate themselves in the specialized field of real estate exchanges. Fine, exchanging isn’t for everybody.

Why Clients Benefit from Counseling
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Posted in Spring 2012, The S.E.C. History Files on 28 April 2012
Stats: 1,874 views and 1 Comment

Modern real estate is much more than just selling property. The client’s objectives, needs and limitations must be thoroughly understood by the client and his Realtor before the best transaction can be designed to meet those objectives and needs. The broker’s job is to bring these facts out through counseling before attempting to market or locate a property for the client.

Do You Know what You’re Selling?
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Posted in Feature Articles, Summer 2009 on 24 July 2009
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Many years ago I was returning from a real estate exchange marketing session in Acapulco, Mexico. An exchangor from San Jose California told me about a policy his firm had developed concerning new listings. Their listing agreement required the seller to provide their firm with a current Preliminary Title Report (Prelim) in many states called a Commitment To Insure, at the time they listed the property. This report shows any liens of encumbrances on a property, items which are vital to know about when marketing or transferring title to the subject property. Some of these items can affect the priority of a mortgage on the property as well. In California most title companies will honor the cost of a Prelim for up to two years and credit its cost against the premium paid later for the title policy.

How “Stepped Payments” Can Make Carryback Paper Safer
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Posted in Feature Articles, Spring 2008 on 3 April 2008
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I had negotiated a price of $295,000 on 4+ acres of unimproved commercial land in southern California. The buyers were willing to pay $52,000 cash down and wanted the sellers to carry the $243,000 balance on a note secured by a first deed of trust with payments of $2,478.49 or more per month including 8.5% interest with the entire balance due and payable in ten years from close of escrow […]

It All Begins with a Taker
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Posted in The S.E.C. History Files, Winter 2007 on 17 January 2007
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Editor’s Note: This article was first published in the December 1972 issue of the Real Estate Observer. The sale of a listing doesn’t begin until a prospect says, “Yes, I’d like to own that property.” The buyer is a “taker.” Now, the broker must put together a transaction with which both parties can live. This […]

The Vision, The Society, The Future
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Posted in S.E.C. Education Foundation, Winter 2007 on 17 January 2007
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Introduction: During our meeting in November in Ontario Bill Broadbent gave us a terrific talk regarding the vision and the future of the S.E.C. Education Foundation. I asked Bill to give me a synopsis, and he has done so. It says much more, with much more credibility, than anything that I could write for the […]

My Due Diligence Procedures for Notes
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Posted in Feature Articles, San Francisco 2005 on 17 December 2005
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When Buying a Note Secured by Real Estate! To obtain a faster sale of his property Sam Seller agrees to carry a note secured by the property he is selling to Bob Buyer. Hopefully Sam will get a reasonable cash down payment from Bob and then negotiate the terms of a carry-back note from Bob. […]