Does the Commercial Tenant Rep Real Estate Specialist have a conflict of interest if money to pay their fees comes from a seller, or owner?
Yes, the conflict is that a Tenant Rep Specialist may push or advise terms, which are disadvantageous to make the deal so they get paid. That is why it is important to hire a Commercial Tenant Rep Specialist who is professionally trained regarding conflicts of interest. That is, they must properly disclose all conflicts, advise assistance of legal counsel, and avoid all conflicts, which will materially interfere with proper representation of their clients. Though the conflict exists, it is further buffered by market conditions, which will protect the client. There is a saying, when your research becomes circular you have done enough, meaning you come to the same answer after repeated inquiry. A Commercial Tenant Rep Specialist who has done his job properly will have worked with his client sufficiently that market rent, concessions (free rent, tenant improvements, sign rights . . .) and other terms and conditions will be so well established, the client will know they are not being force
Related Questions
- What if I merely want to renew my lease for my current lease space, do I need a Commercial Tenant Rep Real Estate Specialist?
- What is the difference between a Commercial Tenant Rep Real Estate Specialist, and any other commercial real estate broker?
- How is a Commercial Tenant Rep Real Estate Specialist paid?
