Experiences with exclusive buy search brokers?

February 14, 2024

by a searcher from Queen's University in Boise, ID, USA

I'm a self funded searcher. Anyone else with experience with using exclusive buy search brokers? I am not aware of this clause where the broker would claim a 4%-6% commission on ALL deals coming my way even if they weren't sourced by the buyer broker and came from other seller brokers I've contacted. I understand that they should get commission on their active search results. Any concerns from others? Seems like I would be at a disadvantage as a prospective buyer if seller broker has to potentially split commission. Thanks guys!

Reply by a searcher
from University of California, Los Angeles in London, UK

Definite red flag. Avoid them or negotiate it out of the contract if you really like them. However, just that they already included that in the terms is a bad sign of what a working relationship with them might be like in the future.

Reply by a professional
from University of Southern California in North Palm Beach, FL, USA

Searchers are at disadvantage when they expect brokers who work for sellers to do the kind of job searchers deserve.

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