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Do I just pay the broker who found a tenant for me or is there a form or agreement that needs to be

I am the landlord who is renting out my property, on my own. If a broker comes to me with a tenant, do I just pay them the referral fee in cash or check, or is there a form or agreement that needs to be signed first?
  • September 10 2013 - Miami
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Answers (4)

In Florida, there is a commission agreement form that the broker should complete prior to you paying for him/her having found you a tenant.  The agreement should have occurred prior to the agent having found a tenant for you.

Make sure your payment is to the broker, not a salesperson.  Florida law prohibits salespeople to accept a commission from anyone other than his or her broker.  All payments should be made by check or money order so you have a record of the payment having been made.

Congratulations on getting your home leased!
  • September 11 2013
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If you were a broker yourself, yes there is a form. You are good to make sure this agent is getting paid on his due diligence. Make the check out to his/her broker and make sure to email the agent a copy of the lease, as well as when you are sending this check to his/her broker. It is customary to pay the fee after you have received at least one months rent from the tenant he brought your way. 
  • September 10 2013
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Did he disclose to you his relationship with the tenant?
Did he tell you how much his fee is?
Are you on the same page with his role in the process?
Normally, he/her would need to disclose in writing his role (single agent, No agency or transaction broker).
And Jeremy is correct - you should make a check to the brokerage firm the agent belongs to and ask for receipt for your records.
  • September 10 2013
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Pay the brokerage, not the broker (personally).  Do not pay them in cash (so you can document it for your taxes)

Have them write you an invoice.
  • September 10 2013
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