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Buying & Selling a Business

Should I be wary of a broker who won't show me comparable sales?

TSL Written by the Treadstone Law team· Updated August 2026

It's worth asking why, though there can be legitimate limits on what a broker can share. Details of other sellers' transactions are often confidential, and a broker may not be free to disclose specific figures or identifying details from past deals without breaching confidentiality obligations to those earlier clients — that's not evasiveness, it's a genuine restriction most reputable brokers operate under.

What's different is a broker who can't or won't discuss general market patterns at all — how businesses in your industry have generally been priced or positioned, without naming names or disclosing another client's confidential figures. A broker with real experience should be able to speak in general terms about what they've seen work, even while protecting specific past clients' confidentiality. If a broker seems unable to discuss anything beyond your own listing, or their answers feel evasive rather than appropriately careful, that's a fair reason to ask more pointed questions or look elsewhere. A Treadstone business lawyer can't substitute for market knowledge, but can help you evaluate the listing agreement itself once you've chosen a broker.

Key takeaways

  • Confidentiality can genuinely limit what a broker discloses about other clients' specific deals.
  • The concern is a broker unable to discuss general market patterns at all, not confidentiality itself.
  • Evasiveness beyond appropriate confidentiality is a fair reason to ask more questions.
  • Distinguish genuine confidentiality limits from a broker simply avoiding the question.
This is general information, not legal advice. It doesn’t create a lawyer–client relationship, and the rules can change. For advice on your situation, a Treadstone business lawyer can help.
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