In this article, you'll learn:

  • A lawsuit against JLL highlights the widespread issue of conflicted brokers.
  • Dual agency is common; tenants must carefully review broker disclosures.
  • Legal cases emphasize the need for tenants to fully understand lease agreements.
  • Importance of engaging with truly independent tenant representatives.

Two months ago, a landmark case against commercial brokerage giant, Jones Lange LaSalle (JLL), was poised to flip the practice of conflicted brokers on its head. If you work in the CRE world, you know not only how common conflicted brokers are, but what a massive statement this is to take a legal stand against the practice. Not only this, but the war was waged against JLL, a $20 billion, “Big three” commercial real estate stronghold. 
 
And get this, they lost. 
 
Now another major name, CBRE has been thrown into the mix. Inspired by the win against JLL, a building owner sued CBRE over the commission earned on a lease deal. So, does this represent a massive turnaround for tenant’s rights? Not quite yet. Learn more about the recent case about CBRE, what was decided, and why it’s a reminder now more than ever that tenants must protect their rights. 
 

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