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What To Look For In a Broker PDF Print E-mail

A Broker should have been in the business operating full-time for at least ten years and should be handling a minimum of 15 transitions per year.

  • A Broker should have recognition from respected peers.

  • A Broker should have been participating in a national professional valuation group for at least 5 years.

  • A Broker should maintain a web site which explains the brokerage credentials and shows all the active Listings.

  • A Broker should be affiliated with a national professional group such as American Dental Sales which offers support for marketing and for professional growth.

  • A Broker should have an active calendar of speaking engagements at the local and national levels.

  • A Broker should write actively for such publications as Dental Economics, New York State Dental Journal, and journals of component societies.

A Broker should have a clean business history—no law suits, licensure or tax problems, no complaints filed with the Better Business Bureau or other organizations.

  • A Broker should be recognized by the Courts and arbitration boards.

  • A Broker should have practice management perspective to provide in-depth evaluations.

  • A Broker should be able to offer creative solutions to difficult, multi-faceted problems.

  • A Broker should be a straight talker and exhibit professionalism.

  • A Broker should advertise his practices for sale in dental publications such as Dental Economics, New York State Dental Journal, and the Journal of the American Dental Association.

  • A Broker should have the reputation of putting together win-win transitions for the buyer and seller.

  • A Broker should have the ability to secure the best and lowest cost practice acquisition Financing available.

  • A Broker should be able to make seemingly complicated situations simple.

  • A Broker should provide clean paper work which documents a thorough analysis of a practice.

  • A Broker should respond to people in a timely fashion.

  • A Broker should exhibit enthusiasm and professionalism.

  • A Broker must carefully listen to clients in order to know their needs.

  • A Broker should attend dental meetings at the local, state, and national levels.
     
  • A Broker should provide complete services such as:
    • Full and accurate appraisals
    • Litigation support
    • Practice management consultation or can refer it out
    • Pre- and post-sale transition preparation and advice

  • A Broker should build long-term relationships with clients rather than just satisfying short term needs.
 

The Clemens Group Contact Information
The Clemens Group
104 East 40th Street
Suite 503
New York, New York 10016
Phone: (212)370-1169
Fax: (212)370-0210
New Jersey: (201)242-9400
Toll Free: (800)300-2939

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