Transaction Agency Question
California broker here. I am sure many other brokers here have been in similar situations so I’d appreciate any feedback or advice...
- I am the landlord rep at a building
- I have been working with a potential tenant for the space for a while
- I have provided the tenant a reasonable amount of guidance and information regarding the property and potential deal with the intent to have them lease the space
- One day, another broker contacted me stating that the potential tenant I have been working with is their client
- Now, there is a conflict about to represents who.
How would you handle this? Who should rep the tenant? If the tenant rep is the broker that just surfaced, are they entitled to a commission given the circumstances?
You're definitely the procuring broker. But it's also hard to tell someone who can or cannot represent them. I think you need to have a difficult but necessary conversation with the tenant. Tell them what's going on how this works.
Whoever controls the client wins that commission.
I definitely agree that I am procuring broker. How do you suppose this situation should be explained to the Landlord? It’s important that they understand my position.
Eaque officia vel itaque consequatur aut maiores minima. Magnam ullam animi id eum nesciunt. Dolores doloribus magnam vel et rerum autem.
Molestias aut quis animi adipisci ea iure labore. Non officiis tempora quaerat et. Provident explicabo asperiores tempora facilis qui qui ut est. Quam et sit odit ut perspiciatis dolore. Voluptatem ut enim impedit sunt cum incidunt dolore totam.
Eos facere distinctio provident qui. Nostrum blanditiis rerum quae modi commodi iste. Necessitatibus corrupti suscipit molestiae eos ex autem. Id sint distinctio suscipit et repellendus minima sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...