In this article, you'll learn:

  • San Diego's $200 million loss due to a broker's conflict of interest in dual agency.
  • Details of Jason Hughes' conflict-of-interest charge and its implications.
  • Risks and costs associated with "as-is" lease agreements.
  • The importance of True Tenant Representatives™ in protecting tenant interests.

As True Tenant Reps™, it is our fiduciary duty to work for the best interests for the commercial tenant. Part of this responsibility involves bringing awareness to the fact that conflicted brokers can’t guarantee the best deal because they work for firms that work overwhelmingly with landlords.
 
Tenants usually get the *ahem*, worse, end of the stick in this scenario as they lose out on seeing the best properties, terms, and prices for their CRE portfolio.
 
But what happens when the tenant is a government body and hundreds of millions of taxpayer dollars are at stake? Some swift legal action that represents a firm precedent against the ethics of conflicted brokers.
 
It’s also one of many cases brought against the practice of dual agencies in recent years that may represent a shift going forward as tenants analyze the cost of working with represents who don’t truly have their best interest. Read on to learn more. 
 

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