National Brokers Network

Tips on Choosing a Commercial Broker Agent or Firm

Starting, buying, or even relocating a business is already draining and takes up a lot of your time. As a business owner, you’ve already had enough on your plate, but the things to do are endless. And one of it is choosing the right commercial broker, agent or firm for the business’ and your future as well.

Australia is a huge country; hence, it offers a plethora of business brokers and firms. It’s your responsibility, as a business owner, to look for the one that suits your needs. And here are on tips that you can also use as a checklist for your search for the perfect candidate.


Tip #1: Choose a Knowledgeable Person

Tasked with evaluating a long list of real estate specialists, the first step is to look for someone who is knowledgeable with what you’re looking for. The market is fast-changing, and getting someone who’s adept with your target market will make it easier to ride the tide.


Tip #2: Get a Good Listener

Not everyone knows what they exactly want. In the case of commercial properties, it’s best to find someone who really listens and is willing to provide valuable insight and alternatives to your business decisions.


Tip #3: Find a Techy Broker

Relationships with landlords, sellers, and even brokers/agents are important when it comes to information gathering. But, in today’s world, there are information accessible if you’re tech-savvy enough to know where it is. Technology offers benefits to your search; hence, finding someone who’s tech-enabled will open more avenues for you.


Tip #4: Discuss Everything

Commissions, contracts, and fees. These costs often catch business owners off guard. So, it’s best to ask your specialist everything you don’t know to avoid confusion and prepare you for the costs ahead.


Tip #5: Meet/Interview Before Saying Yes

“Yes” is a heavy word that leads to commitment. Obviously, saying yes immediately will leave you little to no time to evaluate your chosen real estate broker candidate. That’s why it’s recommended to meet with your potential specialist multiple times to know if they’re a good listener, tech-savvy, good-hearted, and willing to explain everything for you.


Tip #6: Check Every Firm

There are different firms in Australia. There are small ones, while the most well-known are still offering services. As a business owner, being open is a great trait when working with professionals. If you’re looking for long-time professionals, National Brokers Network has experienced brokers who’re attentive and provides valuable insights to clients. Find the right property for the business with us because we’ll help you every step of the way.

Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

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