Commercial property listings now featured on Realtor.com

The National Association of Realtors (NAR) recently announced that a new resource for commercial brokers and investors is now available on the Realtor.com. This is a major development since commercial listings were not featured on this #1 Internet site for real estate listings. It was an issue that I was advocating for over 10 years since the New York metropolitan region has extensive commercial, retail and multifamily properties. We are not just a city of single family homes. I guess it took this market to make it happen. Whatever the reason, it is great news for commercial brokers, investors and Realtor members. Information for display on commercial property search, the commercial property listing destination on Realtor.com, comes from affiliated commercial information exchanges, commercial multiple listing services, including the Bronx-Manhattan North Association of Realtors (BMAR) MLS and commercial firms throughout the United States, as well as manually entered listings. "The commercial property search provides new content to the Realtor.com site. This content is designed to provide national exposure for commercial real estate and investment property listings to consumers, real estate investors, and industry professionals," said Bob Goldberg, NAR senior vice president of marketing & business development and commercial. "Visitors can search commercial property listings available for sale or for lease. The new sharing of commercial listings will provide national exposure to commercial real estate and investment properties and further increase value for consumers and members." "For the first time multiple listing information about commercial real estate cannot only be shared through MLSs and CIEs but can be available for search by investors," said Robert Toothaker, CPM, chair of Realtors Commercial Alliance committee. Toothaker, a commercial broker with CB Richard Ellis in South Bend, Ind., was enthusiastic about several features of the new system. "In many ways commercial real estate is the framework for the national economy especially in these difficult economic times. Therefore, it is important that we have a system like this which provides maximum exposure of property listings to potential buyers," Toothaker said. More information about commercial property search on Realtor.com is available at http://commercial.Realtor.com. The current real estate market and large inventory of available properties including commercial listings will benefit Realtor multiple listing services. Now that commercial listings are featured on www.Realtor.com, MLS is without question the best way for all commercial and residential brokerage companies to close more deals and be competitive. Of course, Realtor and MLS membership is a pre-requisite. MLS membership includes free unlimited listings featured on www.Realtor.com and other Internet sites; no charge for the first 15 MLS member agents with unlimited access 24 hours per day. BMAR Realtor associate dues are also the lowest in the metropolitan region. Realtor.com continues to be the #1 Internet site with millions of visitors worldwide. The featuring of commercial listings on Realtor.com makes membership in BMAR even more important. BMAR is composed of a broad base of professionals including licensed real estate brokers and agents; multi-dwelling property owners; building service vendors and suppliers; unlicensed property managers; attorneys; appraisers; banks; mortgage companies; fuel service and energy companies; title and abstract companies; insurance companies and insurance brokers; contractors and other companies servicing the real estate community. BMAR is a professional trade association officially representing the real estate industry since 1924 and is the local chapter for the NYS and NAR. The association sponsors a wide range of programs and services for all professionals to maintain a competitive advantage. For more information call (212) 242-4343; (718) 892-3000 or email: [email protected]. Nunzio Del Greco, RCE, is the chief executive officer of the Bronx-Manhattan North Association of Realtors, Bronx, N.Y.