Real estate brokers, leasing agents, and property managers must deal with a variety of contracts, many of which are complex and sophisticated. The contracts take different forms: purchase agreements, mortgage documents, investor agreements, covenants, leases, reciprocal easements, disclosures, broker commission agreements, and construction contracts, among them. Occasionally these contracts are custom drafted by an attorney, but in California and elsewhere, it is typical to use the pre-drafted and approved forms of the real estate industry groups.
Though most commercial real estate transactions go smoothly, sometimes something happens that threatens to ruin the entire deal. If you have worked as a real estate broker long enough, it is likely that you have encountered several crises over the years.