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Why hire broker?

When meeting with potential clients, one of the most common questions our tenant rep brokers hear is “why should I work with you exclusively rather than bring on multiple brokers?” You may think that having multiple brokers from different firms working for you will ensure more market coverage which will result in you finding the best space for your company at the right price. This is a myth. Using exclusive representation actually benefits you, the tenant, in several ways. Below are five reasons why every tenant should hire an exclusive tenant representation broker.

Benefits of hiring a broker

Brokers or advisors have access to a database of potential buyers and investors.
Brokers pay and run advertising.
Affiliated brokerage or advisory offices may attract more buyers.
Brokers can assist during escrow closing.

Determine the best offer price.
Buyer competition: Brokers create and manage it.
Continual follow-up with buyers for decisions
Time savings broker or advisor provides sellers.

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