HOW IS A TENANT REPRESENTATIVE COMPENSATED?
Tenant representatives are compensated by the landlord. The landlord pays their listing agent a fee and the listing agent shares that fee with the tenant representative. If you don’t have representation, the landlord will pay the entire fee to the listing agent, whose job and fiduciary obligations are to get the best possible terms for his principal — the landlord. A tenant representative’s job and fiduciary obligation are to get the best possible terms for the client, aka tenant.
