Broker trying to talk us out of deal to buy himself…

searcher profile

May 26, 2025

by a searcher in London, UK

We’ve recently spoken to a broker in the US about a business that fits our criteria. However, instead of providing information on the target, the broker used every opportunity to talk us out of the deal and then mentioned that he is trying to buy the business himself. Am I the only one who sees a clear conflict of interest here?
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commentor profile
Reply by an intermediary
from University of Wisconsin in Madison, WI, USA
Highly unethical of the broker to operate in that fashion. If you end up making an offer, the broker is required by law to share it with the owner.
commentor profile
Reply by a searcher
from King's College London, University of London in Holly Ridge, North Carolina, USA
Consult a US attorney in this field.
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