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Business Broker in Toronto

This is a good post Richard. As a business broker I find myself bumping into the 'fly by night' variety every so often. It's unfortunate but they are out there. I would advise people to ensure that the broker is properly licensed (most Canadian provinces and US states require a business broker to have a real estate license). Licensing holds a broker accountable and there is a professional code of ethics and professional standards that they must follow. I would also ask for references from buyers, sellers and professionals like lawyers or accountants. Also, getting examples of recent deals closed would be helpful. There are some very good brokers out there, just be careful to avoid the bad apples!

Wanley Donat

In my case I worked with a broker that deals in a specific industry, the advantage is that they have a lot of contacts within that particular industry, after a deal fell through he was able to find a business that wasn't for sale at the time. I would have never found that business by myself.

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