If the coop fee that is in the MLS applies to you, that broker must pay you that amount.  Otherwise, Ethics committee, MLS committee, arbitration, civil suit, etc.

What does your Broker say ?????

If it is not in writing it does not exist.

Of course you should.

Why not, best to have everything in writing.

IF (and that's a BIG if out here) the landlord offers a commission to the tennat's agent, it will be in the MLS.  They are then obligated to pay that (at least out here).  If they don't, then like Fred Griffin said.

Good job first of all for using one.

For the lease, you'd need to add a clause, since the Exclusive Right to Buy/ Buyer Agency Represenation agreement typically focuses on purchases not leases, so just add the lease compensation expectation so that either you get that from the listing agent or any difference from the client(s) (buyer/renter).

What if the listing broker does not coop? You won't get paid. You BBA should state your client will pay you should the listing broker not coop. The MLS listing should state the coop fee. If it doesn't, call the listing agent and ask what is the coop arrangement. If the agent specifies a fee, get it in writing with a compensation agreement. Always protect your fee from either the listing broker and/or your client otherwise you will end up working for free.

Michael J. Perry nailed this one!

I would check with my broker.

If any ambiguity or escape hatches exist in the present agreement, you will want to remove them. 

You should actually have a minimal compensation agreement in place with your clients stating if seller/owner fails to compensate, the minimal compensation is assumed by your client.

This would be a great opportunity to consult with your broker or attorney to explore all the ways you can be left behind when you 'assume' the other party is going to take care of you.

What is the accepted practice in your area?   As others have answered - if it's not in writing, you may have an issue.   I would think that if it is listed in the mls, there is compensation noted for the broker representing a tenant.  

Depends on how rentals are handled in your market. I always get a signed rental fee agreement from tenant upfront before showing them rental properties.

In a rental transaction here when a broker is involved there is a broker fee but it should be determined with client upfront who will pay it.

 It should be stipulated in the MLS listing who pays. The landlord or the tenant? It may be split between two brokers paid by landlord or paid by the tenant. The landlord may pay the fee called "OP" (owner pays) or owner may only pay their broker so the tenant's agent may have to collect their own fee (COF)

I'd put all of it in writing....

I'm a little confused by the question. Are you saying that you are working with a buyer who now wants to rent? In my area renters require a different representation agreement than buyers. And for most rentals in my area, the tenant is the one who pays the fee. So it would depend on the rules in your area (if I'm reading the question correctly).

Always.

Put it on paper for sure.

It might be a good practice. Talk about it with your broker.

Talk to your broker.

Check with your broker

That's up to you. What does the office policy dictate?

What is the policy of your brokerage? It is normal for agreeements to call for the buyer to pay you a commission with an offset for any compensation paid by a seller!

If it's listed in MLS, you will be paid but, you will also want to have your tenant sign Form 220 (in NC) and note that should the client lease (where it says 'buy property,' compensation will be as per listing brokerage as stated in MLS. 

We really have no 'form' covering us for that here in NC. Form 770 is also an option but, again, you would have to be specific.

I've also seen agents add a lease line under the 'other' form of compensation on the BA and have the buyer/tenant initial that. 

No; the public thinks you work for free

Depends-do you want paid?

In Oklahoma City if it is in the MLS t is treated the same as commission on a sale.

A compensation agreement is a good business practice for all transactions.

As Peter Mohylsky said...if it's not in writing it doesn't exist.