Asking broker's questions

[Caleb Mclamb]

Is it rude to ask a broker how much an apartment for sale currently rents for? I am using comps in the area but just wondering is it taboo to just ask them directly how much the units are going for right now?

[Nick B.]

Caleb, do yourself a huge favor. Go to Marcus and Millichap website, search for a property, and ask them for an offering memorandum. You will have to sign a nondisclosure agreement but they won't ask you for proof of funding. That memorandum will contain a lot of details and you may use it as a reference for what to ask other brokers.