- July 24, 2017
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When buying or investing in commercial real estate, it can be a huge asset to hire a commercial real estate broker. Whether you need help with marketing/advertising your property or creating the best lease for your tenant, a commercial real estate broker can help advise all of your needs. However, there are four types of commercial real estate representation, so which one does the broker work for? Check out this post from our friends at SVN | Hintze Commercial Real Estate to learn more.
4 Types of Commercial Real Estate Representation
A commercial real estate Broker wears many hats but their base expertise lies in facilitating the successful purchase, sale or lease of real property. From marketing a property for sale and finding qualified buyers to negotiating the best lease contract for their tenant clients, Brokers are the necessary hired professional to navigate every type of commercial real estate transaction.
While a Broker is hired to work for anyone who needs assistance in a commercial real estate transaction, whether that’s a buyer, seller or tenant, they don’t work for everyone at once. In today’s post we answer a question we get a lot at our office, “Who does a commercial Broker work for?” Essentially there are four types of commercial real estate representation, which really means four types of relationships Brokers have with their clients.
Commercial Real Estate Representation: Who Does a Broker Work For?
Below we outline the four main types of relationships, both exclusive and non-exclusive, that commercial Brokers have with their clients.
In this capacity a commercial real estate Broker is in an exclusive relationship with their tenant client who is seeking to…