Brokers Struggle to Pick Sides

Neil R. Shapiro was quoted in Real Estate Weekly reflecting on various conflicts of interest that crop up in real estate deals. Shapiro comments, “There have always been conflicts of interest in real estate. The difference, I think, is that in the non-institutional side of real estate there is very much a sense of buyer beware, that each side should be protecting itself. As for non-institutional firms he said, “Most are simply guided by inherent integrity in business.” He further stated, “I think most real estate players understand conflicts of interest. If they don’t, their advisers will tell them.”