Declining buy-side representation from broker

by a searcher from Carnegie Mellon University - Tepper School of Business

3 years ago

I'm early in broker outreach for targeted geographies and wanted to get this community perspective on - how do I politely decline buy-side representation from a broker and not tank the relationship?
To get in front of some responses I anticipate in the comments; for what I'm seeking and the team I'm already searching with, I don't need buy-side representation services from a broker.
Thxs!

2 likes
273 views
15 comments

searcher from Duke University - The Fuqua School of Business

I think buy-side representation can be effective when all investment criteria check the boxes.

2 years ago | like reply | 0 likes

professional from University of Wisconsin - Madison

When I had a buy side shop we had retained clients who had first crack at deals we sourced and if something we came across something that didn't fit retained criteria we distributed to a pool where buyers only paid us commission.

3 years ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

Investor seeking Self-Funded Search Deals

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

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.