Society of Industrial and Office Realtors

Last updated

The Society of Industrial and Office Realtors (SIOR) is an international professional commercial and industrial real estate association based in Washington, D.C. It offers a professional designation (SIOR) to commercial brokers and other industry professionals. It has 3,400 members in 686 cities and 36 countries. [1] SIOR designees can hold the following specialty designations: industrial, office, sales manager, executive manager, or advisory service. SIOR also includes associate members, who are corporate executives, developers, educators, and others involved in the commercial real estate industry.

Contents

Founding

SIOR was originally SIR (Society of Industrial Realtors). In 1939, the idea of forming an organization for industrial real estate brokers began. The sequence of events can be summarized as follows:

One year and two months later, the US entered World War II.

The society was instrumental in locating existing, and immediately available, plant space that could be used to produce defense, and later, war material. Over 200 brokers from across the United States and Canada surveyed suitable facilities and reported their findings to the War Department (now the Department of Defense). [2]

SIOR Commercial Real Estate Index (CREI)

SIOR maintains the SIOR Commercial Real Estate Index (CREI) is a quarterly, attitudinal survey by market experts in the SIOR membership community.

It is a diffusion index, a routinely used index for economic measures.

The survey is based on the following topics in the questionnaire:

Chapters

SIOR has membership chapters on a global scale.

They are the following: [3]

Related Research Articles

This aims to be a complete list of the articles on real estate.

A multiple listing service is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation and accumulate and disseminate information to enable appraisals. A multiple listing service's database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.

<span class="mw-page-title-main">National Association of Realtors</span> American trade association for real estate brokers

The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, making it the largest trade association in the United States including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. The organization holds a U.S. trademark over the term "Realtor". NAR also functions as a self-regulatory organization for real estate brokerage. The organization is headquartered in Chicago.

<span class="mw-page-title-main">Real estate agent</span> Person who acts as an intermediary between sellers and buyers of real estate for a commission

Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency.

Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property. Real estate transactions often require appraisals because they occur infrequently and every property is unique, unlike corporate stocks, which are traded daily and are identical. The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.

Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.

<span class="mw-page-title-main">For sale by owner</span> Selling real estate without a broker or agent

For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. Homeowners may employ the services of marketing, online listing companies, or market their own property. Typically, they represent themselves with the help of a lawyer or solicitor throughout the sale. As in most areas, there are detailed legal requirements pertaining to sellers and disclosures they must make.

A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate. The designation is awarded by the CCIM Institute, formerly known as Commercial Investment Real Estate Institute (CIREI) of the National Association of Realtors. The CCIM designation was originally established by the California Association of Realtors in 1954 under the name Certified Property Exchanger (CPE).].

<span class="mw-page-title-main">Commercial area</span> Areas with mostly commercial buildings

Commercial areas in a city are areas, districts, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers. Commercial activity within cities includes the buying and selling of goods and services in retail businesses, wholesale buying and selling, financial establishments, and a wide variety of uses that are broadly classified as "business." While commercial activities typically take up a relatively small amount of land, they are extremely important to a community's economy. They provide employment, facilitate the circulation of money, and often serve many other roles important to the community, such as public gathering and cultural events.

<span class="mw-page-title-main">Stefan Swanepoel</span> American businessman

Stefan J. M. Swanepoel, is an American business executive, author and real estate businessperson. He has served as president of two non-profit organizations and seven companies, including a New York-based global franchise network. He is most known as a business and trends author, having written more than 20 books and reports. His books have been listed on the New York Times and Wall Street Journal bestseller lists.

<span class="mw-page-title-main">James D. McGinnis</span> American politician

James D. McGinnis was an American real estate agent and politician from Dover in Kent County, Delaware. He was a member of the Democratic Party, who served as Delaware's 19th lieutenant governor.

A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.

Henry S. Miller Company is one of the largest independent brokerage and property management firms in the Dallas-Fort Worth, Texas area. Founded in 1914, the business and the metroplex seemed to grow together. In a 1999 editorial naming the leading 20 Dallasites of the 20th Century, Henry S. Miller was called "the master of real estate brokerage."

W. Allen Morris is Chairman and CEO of the Allen Morris Company and a real estate developer and Realtor in the state of Florida.

The National Association of Real Estate Brokers (NAREB) was established on July 29, 1947, making it the oldest minority business association in the Americas. NAREB was created by African-American real estate professionals as an alternative space for African-Americans who were racially and specifically excluded from the National Association of Realtors.

<span class="mw-page-title-main">Mortgage Professionals Canada</span> Canadian national mortgage association

Mortgage Professionals Canada is the national association representing Canada's mortgage industry. Mortgage Professionals Canada’s membership included 15,500+ mortgage brokers, mortgage lenders, mortgage insurers and other industry stakeholders. Mortgage Professionals Canada provides the Accredited Mortgage Professional (AMP) designation in Canada, to qualifying mortgage professionals.

<span class="mw-page-title-main">Association of Real Estate Agents Uganda</span> Ugandan real estate umbrella organization

The Association of Real Estate Agents Uganda , is an umbrella organization of real estate agents, managers, organizations and other real estate professionals in Uganda, the third-largest economy in the East African Community.

<span class="mw-page-title-main">US Commercial Real Estate Index</span> Real estate index

For another index with a similar name, see SIOR Commercial Real Estate Index ("CREI")

The Republic of Panama's real estate industry relies on foreign investment. The sector has grown since 2006, as such investment has helped to fuel Panama's economy and housing market.

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops, minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, buildings or housing in general. In terms of law, real relates to land property and is different from personal property while estate means the "interest" a person has in that land property.

References

  1. "SIOR Overview". www.sior.com. Retrieved 2018-10-22.
  2. "SIOR History | SIOR". www.sior.com. Retrieved 2023-07-04.
  3. "Chapter Locator". www.sior.com. Retrieved 2023-07-03.