10 Questions to Ask a Dental Practice Broker

Mid-America’s most trusted dental practice valuation and sales

Whether you’re buying or selling a dental practice in the St. Louis region, the smart choice is to consult with a Dental Practice Broker.

But what should you ask when you meet with one? Here are ten questions that will help you determine if a broker is the right fit for your needs.

1. Do you represent one party (Buyer or Seller) or both?

While a practice sale isn’t typically adversarial, the Buyer and Seller do have different interests. Each side is better served with their own representative, rather than relying on a broker who tries to represent both.

2. Do you specialize in dental practice sales and valuations—or do you have other business pursuits?

Some brokers sell a variety of businesses or split their time with other services like accounting. A full-time broker who specializes in dental sales usually has more experience and expertise than a generalist.

3. Is your company local or part of an out-of-state firm?

Dental practices are local businesses. A local broker knows the market demand, comparable sales, and fair market values better than someone working remotely.

4. How do you keep up with industry trends and best practices?

Professional brokers stay active in organizations such as the National Association of Practice Brokers or the Practice Valuation Study Group. Ongoing education signals commitment and credibility.

5. How are you compensated?

Most brokers are paid a commission by the Seller. Those who attempt dual representation often collect fees from both the Buyer and Seller.

6. If there’s a problem with your representation, how is it resolved?

Check the brokerage agreement. Local brokers typically resolve disputes through local arbitration or courts. Out-of-state firms may require disputes to be settled in their home jurisdiction—an expensive and inconvenient process.

7. Do you only work for Sellers?

Many brokers represent Buyers as well—just not in the same transaction where they already represent a Seller.

8. How are you compensated if you represent a Buyer?

This should be agreed upon up front. Buyer representation may involve an hourly fee or a flat fee, rather than a commission.

9. If you represent the Seller, what can I expect?

A Seller’s broker typically provides a detailed practice information packet, arranges office tours, introduces you to the Seller, and shares financial data for your accountant. They can also connect you with banks, attorneys, and accountants familiar with dental practice transactions.

10. Is a broker necessary if the Buyer and Seller already know each other?

The answer may surprise you—stay tuned for our next blog where we cover this important topic in detail.

Have more questions?

Whether you’re preparing to buy or sell, we’ll guide you through the process with clarity and as little stress as possible. Contact us today to start the conversation.

– Bill Otten & Kim Rey

Confident female dentist in white coat and blue gloves representing dental professionals supported by Otten-Rey Dental Sales.
What Clients Say

Dentist Testimonials

Kim Rey’s expertise and experience was crucial in the successful transition into my retirement. She was there for me in every possible conceivable way throughout the entire process. I am thankful and grateful.

Illustrated tooth graphic used in Otten-Rey Dental Sales branding
Dr. Michael Kutten Clayton, MO Practice

I have worked with Otten-Rey Sales as a “buyer” for two separate practice purchases in recent years. From the buyer’s perspective- I have found Kim very easy to communicate with and very accommodating to any requests I may have had while doing my due diligence. Kim has been a great resource and when the time comes to consider selling, I would absolutely feel comfortable asking her to represent me as a seller as well.

review from happy client Dr Jen Wheeler
Dr. Jennifer Wheeler Chesterfield, MO practice

My transition experience was truly smooth and easy from start to finish. Kim made what could have been a stressful process feel very manageable. She was always quick to respond, proactive in communication, and genuinely cared about making sure everything went right. I felt supported and informed every step of the way, which gave me a lot of peace of mind during such a big change. It was a wonderful experience overall, and I’m very happy with how everything turned out. I would absolutely recommend Kim to any dentist going through a practice sale or transition — she really goes above and beyond.

Dr. Hetal Patel Clayton, MO Practice

We consider ourselves lucky to have known and worked with Kim Rey for so many years. She was involved in our purchase 19 years ago and has been a supportive, positive presence in our office management since that time, up until the successful sale of our practice. We feel like our timeline was truly understood when meeting with Kim about our needs and our goals for our practice and our family. She helped to guide us each step of the way with those goals in mind. We feel like the communication was clear and consistent with her management and care of our sale. We always felt like a priority to her and it truly made the sale of our practice an exciting and enjoyable process. I would highly recommend Kim Rey to anyone looking to buy or sell a dental practice.

Dr. Patrick Murphy Arnold, MO Practice

Kim with Otten-Rey Dental Sales truly made what I thought would be a stressful process extremely easy and painless. From our first meeting all the way until closing, Kim was always reliably there for me through out the process. I trusted her system and it was simple and seamless. I would definitely choose Kim again for my transition if l had to do it all over again.

review from happy client on homepage
Glenn R. Edwards DMD

When I decided to buy a dental practice, I quickly learned that practice brokers represent the seller. As a buyer, that posed some challenges. Of all the brokers I worked with in St. Louis, Kim was the only one who managed to make me feel that she was actively trying to find a practice for me to buy. Not only did she help me find a practice I loved, but she still represented her seller well and was fair throughout the entire process. Because of her, I am now the owner of a great dental practice that I love and I truly believe she made that happen for me. Thanks Kim.

Dr. Daugherty - happy client
Dr. Victoria Daugherty

Kim’s understanding of all aspects of a transition was invaluable. She has comprehensive knowledge of both the financial and clinical aspects of a dental office. She also provided the guidance and understanding of the legal aspects necessary to close the transaction. Thanks Kim!

review from happy client Dan Twillman
Dan Twillman DMD