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Updated over 8 years ago,
Broker shenanigans
Hello,
After extensive negotiations, I recently signed an exclusive with a broker to find a tenant for a commercial property. It's been about two weeks and he has shown the property to two prospective tenants who I believe he has sourced himself. He has not put up a "For Lease" sign outside the building or advertised the space on his firm's website (possibly to prevent offers from other brokers). My concern is that he is not actively looking for other tenants, and is instead pushing these two prospects on me really hard because he would not have to split the commission with another broker.
Am i being paranoid? Is this normal? If it is, I'm worried that my broker's approach is severely limiting the applicant pool.
Thank you.