9 Reasons For Hiring an Exclusive Real Estate Broker

The following are 9 reasons why you can financially benefit by retaining an experienced broker as your agent. A broker with many years of experience can help you objectively evaluate all the alternatives without potentially self-serving points of view. A broker's market knowledge is a critical factor in assuring you will be submitted all the available properties for your consideration. Maximize your broker's knowledge base by having them focus on you.

Accountability

Your own broker is directly accountable to you. You will not receive as much responsiveness, dedication and accountability with a non-exclusive broker.

Added Value at No Cost

Think of the real estate broker as your very own real estate department without paying for it. The owner of the property typically compensates the real estate broker. Most owners already have included a real estate fee in their leasing plan for the property.

Broker Selection

Using an exclusive broker allows you to select and retain the best professional available. Consider interviewing at least three (3) brokers prior to the relocation project. Your broker of choice may not be the broker that has been currently calling on you. Retain the real estate professional with the best track record in the area, regardless whether or not they're the first in the door.

Indicates a Serious Prospect

Hiring an your own agent will indicate to the owner's and brokerage community that you are a serious prospect. This may place you at the head of the pack if you find yourself competing for a property.

Negotiating Experience

The experience of a broker in negotiating a lease or purchase will result in obtaining better terms and conditions for you. The broker's "deal making experience" is vital to you achieving your economic goals.

Efficiency/ Minimizes Legal Entanglements

An exclusive broker provides you with a single point of contact. Without an exclusive broker you are faced with wasting your valuable time screening a multitude of brokers, ownership calls and or proposals.

Extensive Industry Contacts

An experienced broker will have extensive contacts with the owners of properties, vendors/contractors, and the brokerage community. These long term contacts in the industry will save you time and money.

Lease Ownership Analysis

A knowledgeable broker has the financial analysis tools and access to information which will help you evaluate the best real estate solution for your company.

Selection and Coordination of Space and Design Firms.

An exclusive broker can assist you in the selection and coordination of space planning and design firms.

use of your own agent ill maximize the leverage you will need to strategically plan and relocate your facility at the best economic terms and conditions possible. Your relocation will be fully documented and best of all, most of the time the property owner pays the commission. An experienced exclusive broker with a "deep bench of contacts" on your team could potentially save your company well above a hundred thousand dollars ( $100,000) against the bottom line. TRY USING AN EXCLUSIVE BROKER ON YOUR NEXT LEASE OR PURCHASE.

For more information on this article, Please Contact:
Dan Weil
(310) 792-9400
dan@weilcommercial.com

Market Knowledge
Since 1981 Dan Weil worked as an industrial real estate broker in the greater Los Angeles area at 2 major commercial real estate firms and in 2002 started his own firm Weil Commercial Properties, Inc. Dan offers 27 years of experience with many long term client relationships. For assistance with your commercial industrial need, please contact Dan at 310 792-9400 or visit the web site at: http://www.weilcommercial.com/resources.html

What Are The Benefits Of Hiring A Commercial Real Estate Broker?

A commercial real estate broker is a person who acts as a link between a buyers and a sellers real estate. This relationship is one of fiduciary responsibility, meaning that it is a relationship based on trust.

The person appointed as the broker, has the responsibility of ensuring that his salespeople handle the transactions according to law. The sales people are known as real estate agents and their responsibilities include representing the seller or the buyer in the transactions and making sure that they get the best possible treatment. The agent representing the seller ensures that the seller receives the highest possible price for the property they are selling, while the agent of the buyer will negotiate for the lowest possible price. The buyer's agent will also try to find properties in the best structural shape that fits within their estimated price range.

In many places, such as the United States, it is mandatory for the broker to have a license to negotiate the sale and purchase of property. The broker can act as either the proprietor of a company or as an agent for another company. There are various ways to get the certification as a broker. One way is by going to school and passing a state test. Another way is to hold a position that automatically allows you to apply for and receive the certification, such being an attorney.

Following 1992, there were brokers from Florida and Colorado that recommended that the professional relationship between the agent and the client should be broken. Instead, they felt that the dealings between the two should be strictly limited to the actual sale and purchase of real estate, without taking the personal interest of the client into consideration. In Florida, the Broward Board of Realtors went so far as suggesting that the brokers and agents merely help the selling and purchasing parties with finalizing the sale, without the bond of trust. The only requirement being that they adhere to both legal and moral standards.

The result was that in 2003, Florida amended the law and made all real estate licensees have only a transaction relationship unless there is only one person acting as the representative for both parties. This will not apply if there is a business link between the two parties.

The change in the law also made it mandatory that the aspects of the transactions be made in writing and removed the dual and sub agency designations. A dual agency results when a broker handles the transactions of both the purchasing and the selling parties. Both parties would have agreed to this arrangement in writing. The sub agency agreement meant that two agents from the same brokerage would represent the selling and purchasing parties. Like a dual agency transaction, it would have to be agreed upon in writing by both parties to the transaction.

Gregg Hall is an author living in Navarre Florida. Find more about this as well as commercial real estate loans at http://www.commercial-loans-now.com