2 Mistakes Commercial Banks Make To Encourage Environmental Consultants to Write Bad Environmental Reports.
Before we start we should get on the same page as to what constitutes a “bad” environmental report. You might think bad is the same as saying that your environmental consultant found a Recognized Environmental Condition (REC). A REC generally means issues for buyers, sellers, and lenders while casting a shadow over the transaction. This
Commercial Real Estate Professionals don’t typically hire environmental consultants themselves, but as a trusted professional, they can influence the buyer on who gets used. CRE Pros know they get paid when a property closes. In reality, they get paid IF a property closes. That’s why managing the process after the contract is signed and on