During the course of a conversation with a tenant, they asked why anyone would want to use an exclusive broker to represent them in finding and negotiating a lease.
When an entity is in search of a new space for its operations, there are some key players who make the deal happen.
I happen to be a licensed attorney in New York State, but in my role as a tenant representative, I am limited in the legal advice I can offer to my clients. I can't act as both a broker and an attorney because it is considered unethical by the bar association; a broker’s incentive is to close the deal and an attorney’s incentive is to protect his client. These roles can be in conflict.