What to say when a prospect tells you:
“We already have a broker.”
Every Commercial Real Estate Broker hears this.
And most freeze up or move on too quickly.
Here’s a better approach that keeps the door open.
And positions you as the market expert they’ll remember:
1️⃣ Acknowledge their decision
Show respect. It immediately builds rapport.
“That’s terrific, it’s great to hear that you recognize the value a market expert can bring to you and your bottom line.”
That line alone gets them thinking:
Is my current broker actually a market expert?
2️⃣ Ask what they value most about their current broker.
This turns a dead-end into market research.
“Can you tell me what you value most about your current brokerage relationship?”
Their answer gives you exactly what matters most to them.
And where their current broker might be falling short.
3️⃣ Offer real value no pressure
If the conversation goes well, say:
“Many of the investors and tenants I work with appreciate our market updates, would it be okay if I added you to our list so you can stay ahead of local trends?”
You’re building familiarity and trust for the future.
4️⃣ Stay visible
Share your wins, market insights, and client success stories publicly.
When they see the consistent value you deliver, they’ll start wondering why they aren’t working with you.
Remember:
The goal isn’t to steal clients.
It’s to be ready when they realize they need a true market expert.
“We already have a broker.”
Every Commercial Real Estate Broker hears this.
And most freeze up or move on too quickly.
Here’s a better approach that keeps the door open.
And positions you as the market expert they’ll remember:
1️⃣ Acknowledge their decision
Show respect. It immediately builds rapport.
“That’s terrific, it’s great to hear that you recognize the value a market expert can bring to you and your bottom line.”
That line alone gets them thinking:
Is my current broker actually a market expert?
2️⃣ Ask what they value most about their current broker.
This turns a dead-end into market research.
“Can you tell me what you value most about your current brokerage relationship?”
Their answer gives you exactly what matters most to them.
And where their current broker might be falling short.
3️⃣ Offer real value no pressure
If the conversation goes well, say:
“Many of the investors and tenants I work with appreciate our market updates, would it be okay if I added you to our list so you can stay ahead of local trends?”
You’re building familiarity and trust for the future.
4️⃣ Stay visible
Share your wins, market insights, and client success stories publicly.
When they see the consistent value you deliver, they’ll start wondering why they aren’t working with you.
Remember:
The goal isn’t to steal clients.
It’s to be ready when they realize they need a true market expert.