Hiring Pinpointe as Your Rental Broker: What to Know About Pinpointe’s Tenant Broker Compensation Agreement
What Is the Tenant Broker Compensation Agreement?
Sometimes the perfect rental isn’t being marketed by Pinpointe, or any exclusive broker at all. When you want help finding an apartment, you can formally hire Pinpointe as your agent by signing the Tenant Broker Compensation Agreement.
What It Says
- Lists every property we first introduce to you (called Covered Properties).
- States the broker fee we’ve discussed and agreed upon, so there’s no guessing later.
- Explains our fiduciary duty (we put your interests first, keep your secrets, give honest facts, follow your instructions, and do the job carefully).
Signing doesn’t make your search exclusive; you may still work with other brokers or on your own for units we didn’t show you. This agreement just locks in the terms for the properties we bring to the table.
Why Use It? (And How It Fits With the FARE Act)
- Landlord-Hired Listings → Pre-Showing Acknowledgement (landlord pays, no fee to you)
- Properties We Show You That Aren’t Landlord-Hired → Tenant Broker Compensation Agreement (you become the hiring party and pay a pre-agreed fee)
Once the broker fee is set in this agreement, that same fee applies to every Covered Property we tour together—no need to renegotiate each time. If a unit is already covered by a Pre-Showing Acknowledgement, it keeps its $0 renter fee status.
Pinpointe’s Tenant Broker Compensation Agreement fills that gap with full transparency on:
- Fee amount or percentage: previously negotiated with you.
- Covered Properties: only units we first bring to your attention are locked in.
- Exclusivity window: default 30 days, but adjustable.
- No dual agency: we represent you, never the landlord, in the same deal.
Key Benefits
| For Renters | For Pinpointe Brokers |
|---|---|
| Clear, one-time fee discussion—agreed up front, applies to all Covered Properties. | Procuring-cause clarity—protects the time we invest in your search. |
| Dedicated advocate—we owe you loyalty, confidentiality, full disclosure, care, and obedience to lawful instructions. | Transparent compensation—written fee eliminates end-of-deal surprises. |
| Freedom to shop elsewhere—you can still work with other brokers on units we didn’t show you. | No dual agency—we never represent the landlord in the same deal. |
Agreement Highlights
| Clause | Plain-English Meaning | Why It Matters |
|---|---|---|
| Covered Properties | Any address we show you and document within 24 hours becomes covered unless you object within the next 24 hours. | No exclusivity shackles on your search. |
| Broker Services | Search, schedule, help with apps, coordinate leases, transfer deposits, etc. | Full-service help until lease signing. |
| Compensation | Your Pinpointe agent fills in % of annual rent or flat fee after you both agree. | Fee is fixed once—no renegotiating per unit. |
| Tenant Freedom | You’re free to use other brokers or DIY for properties we didn’t introduce. | No exclusivity shackle on your search. |
| No Dual Agency | We won’t represent the landlord in the same transaction. | Pure renter advocacy. |
FAQ – Tenant Broker Compensation Agreement
Do I pay a broker fee under this agreement?
Yes. Because you’re hiring Pinpointe for the homes we show you, you pay the fee we agree upon up front. Your broker writes that number into the form before you sign.
If the fee is set once, does it change per apartment?
No. The agreed fee applies to every Covered Property we show you, unless that unit is one where the landlord already hired us and you signed a separate Pre-Showing Acknowledgement (those remain $0 to you).
Can I still tour listings with other brokers?
Absolutely. This agreement covers only the addresses Pinpointe first shows you. Feel free to work with others on different listings.
What are Pinpointe’s fiduciary duties to me?
Think of us as your real-estate “buddy who follows rules”: we must put your best interests first, keep your info private, tell you important facts, obey your lawful instructions, and do our job carefully.
Where can I learn about the NY State Agency Disclosure form?
We break that down in this post on the NY State Agency Disclosure form.
