Firm

Conflicts of Interest


 

Do Conflicts Really Exist?

A study conducted by the Center for Real Estate and Urban Analysis at George Washington University, "Conflicts of Interest in Commercial Real Estate Transactions: Who Represents the Tenant?", found that not only do conflicts exist in Commercial Real Estate, but that current disclosure practices may not be enough to resolve them. READ FULL STUDY

"If legal ethics prohibit an attorney or a law firm from representing both the landlord and a tenant [in a lease]…how can the divergent interests of those same parties nonetheless be adequately represented by the same [real estate firm]?"

Peter Smirniotopoulos
George Washington University Professor

"The George Washington study, written by Peter Smirniotopoulos, an adjunct professor, supports the critics of the full-service firms, arguing that conflicts may not be resolved through current disclosure practices."

Wall Street Journal, November 30, 2014