How Tenant Rep Brokers Get Compensated
Myth: A company will save money if it deals directly with a landlord…
Commercial real estate transactions are paid for just like residential transactions.
For example, when you list your home, you agree to pay a real estate commission. When someone buys the house, the commission is paid, and any brokers involved with the transaction share the fee.
When a landlord lists a space, they too agree to pay a real estate commission. If your company leases that space, the entire commission is paid, and any brokers involved with the transaction share the commission. The fee is already being paid. So, if you don’t have someone representing your interests, the landlord’s broker keeps 100% of the fee.
When you’re looking for new space, having a representative on your side is your best interest. A tenant rep advocates for you to help you receive:
A Better Rate
Lease Concessions
Flexibility
Market Favorable Terms
And your representative comes at NO cost to you.
Check out this video on How Tenant Rep Brokers Get Compensated
Regardless of your real estate plans, you should understand the costs and savings opportunities associated with your current and future lease. We would like to help you get there.
How much money could you save with a new lease? Contact us for the answers.