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It is not efficient to work with multiple brokers, all of whom have identical listings. Non-exclusivity results in duplication and wasted time as your objectives must be reviewed with multiple brokers. A broker who has been hired exclusively is much more likely to focus on the assignment than a non-exclusive broker because he or she cannot afford to spend time working on a transaction where the odds of success are low.
As a practical matter, brokers who work on a non-exclusive, hit or miss, basis do not have the same loyalty to the client. Typically they just want to make the deal no matter what. In this case you will not be represented loyally and could very well end up paying too much on rent and/or with a bad landlord who does not provide adequate services.
In contrast, working with a broker on an exclusive basis will streamline your search by shifting to the broker the responsibility for qualifying leads and prospects, enabling you to focus on your core business. An exclusive broker will ensure that your interests are aggressively represented in a challenging market.
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