S.E.C. Real Estate Observer

Welcome to the fall 2018 issue of the S.E.C. Observer. In this issue, Brandon Sanders, S.E.C., 2018 president of the Society, asks whether you are ready to attend the next marketing session. Daniel J. Murphy, S.E.C., generously imparts his personal version of “Murphy’s Laws.” Hunter Quistgard, S.E.C., shares confirmation of why the “Society lives on,” […]

Are You Prepared for the Upcoming Marketing Session? For the past few years, Wes Dingler and I have had the privilege to present and expand on Jim Brondino’s legendary Moderating Course. I have been attempting to add some new examples and updates along the way, and it’s always interesting what I remember during reviews of […]

Murphy’s First Rule: If it can go wrong in a real estate transaction, it will! Keep in mind that Murphy is an optimist! Nonrecourse Financing You’ve just signed your loan application and are excited that you have “No Personal Liability” other than the carve outs for real estate taxes and environmental issues. The loan is: […]

I got a big check today in my California mailbox that came from a closing in Massachusetts. It was the result of an investment made (together with S.E.C. Tom Peterson of Glendora, CA) through the son of an S.E.C. member I had met when he was about 10 years old. It was a buy, lease/option-back, […]

E-commerce has taken and is continuing to take its toll on malls throughout the United States. I believe there is an answer, however. Stop and think—can you ever remember seeing or hearing an advertisement for any mall in your area? Perhaps you’ve encountered them for various shops in the mall but probably few and far […]

Facebook Live: Opportunities for Real Estate Brokers For the past two years I’ve been experimenting with social media: Facebook, Instagram, Twitter, and YouTube. Entire books can be and have been written about each platform. Today I’ll concentrate on my favorite platform, Facebook (fb), and specifically, Facebook Live. I opened my fb account about five years […]

We’re going to discuss extreme due diligence. I call it “extreme due diligence” because a few years ago I started asking for additional information about properties, lenders, and owners than traditionally requested. Someone asked, “Isn’t that a little extreme?” to one of my inspection requests, and Extreme Due Diligence was born. I started asking for […]

Lance Warner, S.E.C. 2018 S.E.C. Education Foundation President Summer is winding down, and the S.E.C. Education Foundation is working to provide our members, candidates, and guests with interesting and timely education for the balance of 2018 and into 2019. We are planning an economic bus tour in Detroit on Sunday, September 23, 2018. The bus […]

S.E.C. National Invitational Marketing Session Detroit, Michigan September 23–26, 2018 The S.E.C. National Invitational Marketing Session will be held at: MGM Grand Detroit 1777 3rd Avenue Detroit, MI 48226 Call (877) 888-2121 to make your reservation. Make your hotel reservations early, as we have a limited number of rooms available. The cutoff date for reservations […]

S.E.C. Economic Tour Detroit, Michigan Sunday, September 23, 2018 The S.E.C. Education Foundation and the Society of Exchange Counselors are pleased to announce that we are arranging an economic bus tour of Detroit on Sunday, September 23. More information will follow soon, but please note: The bus will leave the hotel at 9:00 a.m. and […]