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Why use a Tenant Advisor?
Hiring a Tenant Advisor, a Broker who works exclusively on your behalf (Exclusive Tenant Representative) will eliminate the hassle of dealing with any conflict of interest inherent in the site selection and negotiation process.
Word of Caution: Buyer Beware!
Most, if not all agents that work for Commercial Real Estate Brokerage Firms will try to dupe you into representing You and the Landlord at the same time earn twice the commission by double ending the deal. Avoid the costly mistake of hiring a broker who interests lie in enhancing the Landlord's position and profitability. Align yourself with an experienced Tenant Representative that can negotiate the most competitive lease and purchase alternatives.
What differentiates Tenant Advisors from Listing Agents?
• Tenant Representatives work on Behalf of Tenants, Not Landlords. Prior to hiring a Broker, ask the critical question. Ask the if they are an “exclusive tenant representative.” If they are not, then their allegiance is not to you but the Landlord. You wouldn’t hire an attorney to represent the Plaintiff & Defendant at the same time. The same applies in commercial real estate.
• Only a select few real estate professionals represent tenants exclusively. Tenant Advisors never work on behalf of Landlords. Most Commercial Real Estate Firms divide their practice between both Tenant and Landlord representation which is a blatant conflict of interest. Hire an "exclusive" tenant representative who represents your interests and yours only.
• The use of Tenant Advisory Firms has only recently become prevalent in the commercial real estate industry due to the enactment of new State and Federal laws to protect the consumers from the costly mistake of duel representation. Most States now require commercial real estate brokers to disclose to the party for whom they are working they represent. While working on your behalf, a good Tenant Representative will generate competition amongst brokerage firms to get you the best deal.
• Tenant Advisors will show you all the listings in your area that are available for lease or purchase. Listing brokers interests lie in showing you a select few properties that benefit the broker not you. Many listing brokers will show you their own listings and those of their close acquaintances and friends to make more commission.
This network provides direct referrals to experienced commercial tenant / buyer representatives. Tenant Advisors in the network typically hold the CCIM or SIOR designation, and have at least fifteen years' experience in their market area exclusively representing Tenants.
If you are looking to lease or purchase:
• office space
• industrial or warehouse facilities
• retail or restaurant space
• medical offices
• executive suites
We will connect you with a Tenant / Buyer Representative who will provide you an all inclusive lists of available property in your area (not their own listing or those of their friends) that are available for lease or purchase.
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