Although the function of commercial brokerage is the same as that of residential brokerage, the activities of commercial brokers usually differ considerably from those of residential brokers due to fundamental differences in these two markets. All of the following statements regarding commercial brokerage are true EXCEPT:________.a. An important part of the commercial broker's service is to provide the prospective buyer with reports that enable him to complete due diligence for the propertyb. Relative to residential transactions, commercial transactions tend to be largerc. Commercial brokers are often required to lower their commission in order to negotiate compromises between buyers and sellers when they reach an impasse over price.d. The parties in commercial mortgage transactions are typically less knowledgeable than those in residential transactions

Commercial brokerage is a real estate professional that is assists clients lease, buy, or sell properties for business purposes. Residential brokerage on the other hand involves acquiring residential property for clients.

The parties in commercial brokerage are more knowledgeable in mortgage laws and other technicalities than those involved in the residential brokerage. This is as a result of high competition for best options among commercial clients, so parties involved take the time to know the intricacies of real estate purchases made.

segehood segehood · Answer 2 · 2020-03-02T03:51:24+01:00

Answer:

D. The parties in commercial mortgage transactions are typically less knowledgeable than those in residential transactions

Explanation:

Commercial brokers are those that deals primarily with sales of businesses, office buildings, apartments and industrial buildings.

Residential brokers are usually more concerned with single-family homes. They help in connecting sellers of homes and condos to buyers as that's their area of specialty.

When it comes to mortgage transactions, the commercial brokers are not less knowledgeable than residential brokers. They are both very knowledgeable in their area of specialty.