WASHINGTON, DC—A majority of respondents to aGlobeSt.com poll asking whether full-servicebrokerages can avoid conflicts of interest even though theyrepresent both tenants and landlords responded in theaffirmative.
Some 33% of respondents agreed that a broker'sprofessional ethics means he or she works in the best interest ofthe client and 19% noted that standard disclosureshighlight any potential conflicts, keeping them at bay.
In contrast to those views, 21% stated thatlandlords reap the benefits in such a scenario. Another25% said that any advantage on one side or theother is impossible to separate from the regular workings of themarket.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
