Just Elementary, Inc. » Entries tagged with "Bulk Sale"
Realtor & Real Estate Agents Referring Business Owner Clients to Business Brokers
Often times Real Estate Agents and Realtors are asked by their clients to help them sell an on-going business. (The industry jargon for selling businesses, is ‘Business Opportunity Listings’). But, can Real Estate Agents and Realtors sell businesses? In California they can, as the Department of Real Estate licenses Real Estate Salespersons and Real Estate Brokers to sell Real Property (Real Estate) and Chattel Real (Business Property). However, most real estate offices do not specialize … Read entire article »
Filed under: Real Estate Tips
Buying a Business, Do I really need an Escrow?
A common misconception is that escrows are only for buying a house or commercial property. Often times a novice business buyer will buy a business and simply hand a check to a seller. Yikes! Using a bulk sale escrow is an important legal step in buying a business in California. What is a bulk sale escrow? Glad you asked! … Read entire article »
Filed under: Business Tips, Due Diligence