Commercial Investment Real Estate

MAY-JUN 2015

Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.

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17 May | June | 2015 CCIM.com While UAS enhance ef ciency, economic value, and competitive advantage for real estate professionals, the uses are currently sty- mied, as the law evolves to catch up to current technology. While business users envision the benef ts of the technology, everyday citizens may fear how this technology could invade privacy or cause property damage, or worse, personal injury. Authorized Uses Due to legitimate concerns regarding safety of the airspace that it regulates, the FAA prohibits commercial use of UAS, absent explicit authorization. This authorization can come in various forms, the most common of which is (for com- mercial users) a Section 333 authoriza- tion. As of the date of this writing, 159 such authorizations have been issued. [www.faa.gov/uas/legislative_programs/ section_333/333_authorizations/]. While the list of organizations that have received the FAA's permission to f y UAS for commercial use is continually expand- ing, it's fair to assume that many of the commercial users that are currently taking photos with UAS for business purposes are doing so illegally. In the real estate indus- try, some users may be unaware of the cur- rent restrictions on commercial use of this technology, while others may be ignoring the rules. Others are hopeful that the FAA's proposed rules announced February 15 will be implemented soon. Although no one knows for sure how long this will take, many are speculating that it could take until 2017. Even then, the FAA will not be the only rule-making entity involved, as states and cities have recently begun enact- ing their own laws to guide whether, where, and how UAS may be operated. As is typically the case with emerging law, this is a f uid and dynamic area, where the regulations will likely evolve dramatically over time. If your business has considered using UAS for commercial purposes or has done so in the past unaware of the rules, it may be time to check in with an attorney who is familiar with these rules, to explore whether there is a compelling reason, such as economics or safety, to consider pursuing an FAA autho- rization in advance of any change to the rules or to maintain compliance with the rules that emerge in the near-term future. While some businesses wait patiently on the sidelines, others realize that there are huge economic, logistics, safety, and ef ciency arguments in favor of using this technology as soon as possible, even if it requires an invest- ment of time and cost to get FAA authoriza- tion. For many real estate businesses, being on the leading edge and adopting technology that improves business ef ciency is an essen- tial component of its business plan. Brad Boyd is senior counsel at Fafi nski Mark & Johnson in Eden Prairie, Minn. Contact him at brad.boyd@fmjlaw.com. The CCIM Institute's new preference-matching property marketing platform helps you do more business. Log on at CCIM.com/dealshare . (Formerly MailBridge) s Searchable property archive s Geo-coded listings s Customizable dashboard s Email digest options s Posts by CCIM Institute candidate members New features include:

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