It's NOT a bribe, really. Dealing with opposing agent.
5 Replies
David Williams
posted about 1 month ago
I'm a commercial tenant in an 8 unit building with a short term lease. Someone is considering buying the building. I don't believe it's publicly listed.
I've been here many years and am negotiating with the long standing building manager on a long term lease for me to stay. She is a licensed RE Agent. We are amicable and she is helping me by suggesting the long term lease so that I will not be displaced in the event of sale, as well as adding value to the potential buyer.
She will have a significant, possibly singular authority on accepting or rejecting my proposed lease terms, because the building owner is busy, not very involved in this smaller property.
I want to offer her a few hundred dollars if she approves my terms, to increase the probability of acceptance. It's reasonable in that I want her to take the time for fair consideration vs just rejecting my terms because she's too busy to bother, and it's fair to compensate her for her time.
Is there any conflict there? Could this be misconstrued as a bribe or be taken offensively?
I understand a RE Agent has legal obligations to operate in the best interest of whatever party they work for, but I don't know if she is involved as a RE Agent, or just acting as building manager and showing the property.
I'm thinking of texting her "Thanks for your help with this, if you can accept these terms, I'd like to offer $300 for your time and consideration, I'll send it to your paypal".
Is that totally cringeworthy? Obviously if she is acting as a RE Agent and stands to make $20k on a sale it would be appallingly insulting to offer a trivial amount that could conflict with her obligation. I'm not going to ask her about her involvement because I don't want to appear nosey and disrupt our amicable relation. Thanks!
Nathan G.
(Moderator) -
Real Estate Broker from Cody, WY
replied about 1 month ago
Negotiate the deal without any mention of compensation. After the deal is sealed, then you can consider it.
David Williams
replied about 1 month ago
How can I say this in a way that shows respect for her and her profession? Thx.
Joe Splitrock
(Moderator) -
Rental Property Investor from Sioux Falls, SD
replied about 1 month ago
This is exactly what a bribe is.
You could inquire about how she gets compensated representing you as a tenant. State it as wanting to make sure she gets paid for her work, ether by the owner or you. This could open door to a bribe, but the way you phrase it implies legitimate compensation. Usually in leasing situations the agent gets a percentage of the lease or 1-2 months of rent as compensation.
Bruce Lynn
Real Estate Broker from Coppell, TX
replied about 1 month ago
Ask her to be your tenant representative for this space only and sign s representation agreement with her. What is it worth to you. I would think way more than $300 is appropriate.
Ose thing you might consider that is attractive to the new owner is not a long term lease at below market rates....that is a benefit to you. What is beneficial to a new owner....maybe a lease at market rates with built in rent increases....or other tenant concessions.
George Munoz
Real Estate Agent from Fort Lauderdale, FL
replied about 1 month ago
Originally posted by @David Williams :I'm a commercial tenant in an 8 unit building with a short term lease. Someone is considering buying the building. I don't believe it's publicly listed.
I've been here many years and am negotiating with the long standing building manager on a long term lease for me to stay. She is a licensed RE Agent. We are amicable and she is helping me by suggesting the long term lease so that I will not be displaced in the event of sale, as well as adding value to the potential buyer.
She will have a significant, possibly singular authority on accepting or rejecting my proposed lease terms, because the building owner is busy, not very involved in this smaller property.
I want to offer her a few hundred dollars if she approves my terms, to increase the probability of acceptance. It's reasonable in that I want her to take the time for fair consideration vs just rejecting my terms because she's too busy to bother, and it's fair to compensate her for her time.
Is there any conflict there? Could this be misconstrued as a bribe or be taken offensively?
I understand a RE Agent has legal obligations to operate in the best interest of whatever party they work for, but I don't know if she is involved as a RE Agent, or just acting as building manager and showing the property.
I'm thinking of texting her "Thanks for your help with this, if you can accept these terms, I'd like to offer $300 for your time and consideration, I'll send it to your paypal".
Is that totally cringeworthy? Obviously if she is acting as a RE Agent and stands to make $20k on a sale it would be appallingly insulting to offer a trivial amount that could conflict with her obligation. I'm not going to ask her about her involvement because I don't want to appear nosey and disrupt our amicable relation. Thanks!
Just ask straight up ( with no offering anything) just be straight and ask her if there is any possibility for here to truly revise and consider an offer if you decide too..
Or before you ask , Give like casual stuff like, One day ( if you are in constant communication with her , helping you in other stuff) just send her a random Starbucks e-gift (very is , only takes 1 mins on your phone)
Also another day ( what ever service or product you have) you can give her like a free trial ( randomly! ) dont talk about the building ..
and then one the just ask straight up....
Got this technique from BOOK JAB JAB JAB Right HOOK , By gary V ...
Basically means ,, Give , Give , Give, then ASK .
Then it doesn't feel weird to ask , because at that point the other person has develop a connection and overwhelming feeling that you care and has giving this other person so much . that when you ask it feels natural for her/him to accept the question or at least consider...
PS: (Giving must be GENUINE)