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Updated almost 2 years ago,
Exclusive or Non-Exclusive for First Time CRE Investor?
Hi everyone,
I have a group of people who are interested in investing in commercial properties in my area. However, this will be my first time as the Operator on a CRE investment. What is the thinking on whether a first time Operator/Investor should sign an exclusive agreement with a commercial broker? I have a broker in my network who is highly competent, does a lot of volume in the CRE space in my location, and will help me underwrite the deals I'm considering. I find this all to be incredibly valuable.
At the same time, I might be limiting myself by being in an exclusive with a broker.
For someone in my position, is there a consensus on whether it would be better to sign an exclusive with a seasoned broker or go it alone?
Thanks so much for your input!