Space Not Listed on MLS, Still Possible To Use a Broker
There's a rental space I'm interested in that the landlord had posted a For Rent sign for. I'd like to get a broker to represent me but the broker said she isn't allowed to as the unit isn't list on MLS. It is likely not gonna be listed as the landlord is this old Asian lady. What are some options I have?
[{"id": "hai1485", "text": "Not sure what that landlord being Asian has to do with her listing or not. Whether it\u2019s listed in the MLS has nothing to do with whether the broker can represent you. She probably doesn\u2019t want to waste her time knowing she won\u2019t get paid. A lot of commercial brokers don\u2019t use MLS anyway. Your options are either pay the broker to represent you, or go to the landlord directly.", "replies": [{"id": "hai6e7o", "text": "If you use a broker you can have them insert a commission section into the LOI. If the landlord rejects that, you have to decide if that\u2019s a dealbreaker, or pay the broker to get the deal done. Your broker may also show you other spaces though, so there may be an upside", "replies": [], "depth": 2}], "depth": 1}, {"id": "hai5s9p", "text": "You need someone to represent you preparing documents getting it legally accurate. A lawyer is also opt for that role.  You pay them for the service.", "replies": [], "depth": 1}, {"id": "hai6emp", "text": "Most commercial never hits the MLS. It sounds like your broker is primarily residential; I'd advise finding someone used to representing commercial tenants.", "replies": [], "depth": 1}, {"id": "hajs9ep", "text": "Commercial spaces are not on the MLS.  The MLS is for residential properties only.  Also, you don't need a broker to \"represent\" you in the commercial industry.  Just call the sign and ask to see  the property.  If you're seeking to lease  commercial space you should already know what you can afford and what site criteria is required for your use.\n\nAnd what does the Landlord being Asian have to do with anything?  You have an issue?\n\nLastly, when there is a commercial broker involved with leasing the Landlord pays the broker not the Tenant.  Welcome to CRE.", "replies": [{"id": "ham5bhr", "text": "Nothing wrong with Asian ladies. I\u2019m an Asian myself and of the same ethnicity as this lady and speak the same language. When I say old Asian lady I don\u2019t mean that as a racist term, but I can understand the confusion so I apologize for that.", "replies": [], "depth": 2}], "depth": 1}]