To broker or not to broker?
Is there a clear advantage to working with a broker to find the location for my next small business, or will they be looking at the same Loopnet listings that I can find on my own?
[{"id": "fhfy84f", "text": "Definitely get a broker. Seller pays them not you. Worth it for someone who knows what they\u2019re doing and can manage the process", "replies": [{"id": "fhjdks3", "text": "Thank you!", "replies": [], "depth": 2}], "depth": 1}, {"id": "fhg1p5s", "text": "Broker. Of course finding the right location is important but they will add significant value in negotiating the LOI and get paid by the landlord.", "replies": [{"id": "fhjdllc", "text": "Excellent point. Thanks!", "replies": [], "depth": 2}], "depth": 1}, {"id": "fhj9yo9", "text": "Also do people normally work with more than one broker at a time to cast a wide of a net as possible in terms of network on the buy/lease side or is that frowned upon?", "replies": [{"id": "fhjdhb7", "text": "I also have this question. I've been told it is a courtesy to only go with one broker, but I'm not sure how often that courtesy is observed. You may want to make a fresh post on this to get some informed replies. If not, I'll probably post the question in the next week or so.", "replies": [{"id": "fhpdv46", "text": "I\u2019m a broker. Using more than one broker is so disrespectful. \n\nThat\u2019s like using more than one attorney but only paying one. \n\nOr eating more than one meal someone worked hard to cook. But only paying for one of them. \n\nBrokers eat what we kill, a good broker will work hard and be worth their weight in gold. \n\nDon\u2019t expect them to work hard if you don\u2019t respect their time and sign an exclusive rep agreement. \n\nIf you\u2019re an investor looking to purchase multiple properties over multiple years, that may be a little different.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fhmr7a1", "text": "A paid subscription is required to see all listings; the free version just has some.", "replies": [], "depth": 1}, {"id": "fhn9bbr", "text": "Good brokers don\u2019t need Loopnet.", "replies": [], "depth": 1}]