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Reprinted with permission from the publisher, Nolo,
Copyright 2003.
(Nolo Press)
The following sections contain completely
unabridged advice to Office Tenants for choosing and working with
commercial real estate brokers.
Many small business owners have easily found space on their own and
negotiated the terms of the lease with the landlord. Many others,
however, have preferred to get help from a professional real estate
broker. You may decide to work with a broker in any of the following
situations:
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You've searched long and hard but failed to
turn up great space at an affordable price.
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You have limited time available to look for
space and would find it convenient to have someone else help narrow
the field for you.
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You've had no prior experience in searching for
space or dealing with real estate matters and you feel a bit
intimidated by the prospect of doing it all by yourself.
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You're worried that you'll encounter experts
working to protect the landlord's best interests-but no one will be
looking out for you.
Well here's good news: It's almost always feasible to hire a real
estate professional in the form of a broker who will represent your
interests. And there's even better news: Often it will cost you little
or nothing to get the benefit of the real estate pro's services. In
this section and those that follow, we'll explain: what brokers do, broker licensing, how to find and choose a broker, how to work with a broker, and how to deal with problems with a broker.
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