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Old 11-04-2007, 05:42 AM
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Sprockets
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Join Date: Aug 2006
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Default 1031 Tenants in Common Arrangements

I have a client selling some real estate and we are looking at using a TIC property as the replacement. With several members here involved in real estate and securities, I thought I would get some different views. One issue that I am not concerned about is the commissions these arrangements pay to brokers. I am a fee-based advisor, and the TIC sponsors will allocate the unpaid commission to my client and I will charge them a fee directly (much lower than the commission). It seems like a reasonable way to go where the owner does not want to participate in the management of the property.