Hi SearchFunder community, I am currently searching for acquisition opportunities and have begun to take meetings with brokers to establish relationships and put the word out. I have been asked to sign a Buyer Broker Agreement stating that I would be responsible for paying the broker in the event of an acquisition for a listing they brought to me. Is this standard for buy side brokers? What are some best practices for dealing with brokers? Thank you!
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We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
And as Marinus said, it is also important to understand your timing and the cost of this time for you.
Brokers listing businesses for sale get paid by sellers; not buyers.
Buyers getting advice from brokers are not serving the buyers' self-interest.
Savvy buyers hire advisors and pay the advisors for guidance. Paying commissions is not smart.