Buyers Broker vs Listing Broker

[Kyle Mitchell]

Hi everyone,

Wanted everyones insights on working with a buyers brokers vs listing brokers.  I feel they both have their advantages and disadvantages.  I am currently in a situation where I have built relationships over the past year with listing brokers and am now starting to get the deal flow I've been looking for from them.  On the other side, I have just recently been working with a few buyers brokers non-exclusively.  The buyer brokers are now pushing to represent me in deals that they are not bringing me.  I know that having a broker who is on your side of the table is a benefit but I also feel that closing with a top listing agent in the market I am invested in will be beneficial long term and will increase the likelihood of seeing more off market deals from them.  Thoughts on how to handle this and whether it's best to play the field with brokers or work with a buyers broker who represents you on all deals?

Thanks,

Kyle

[Scott Morongell]

@Kyle Mitchell work with the listing broker. You don't need a buying broker on multifamily deals. In my opinion there a more disadvantages then advantages using this approach. One technique I have seen used is if your working with a seasoned property mgmt company, you are able to leverage them and have them communicate with the listing broker on certain items. This would of course be after the PSA is signed.