Remember, the tenant's agent looks to the landlord's broker to share in the fee. There should be a separate (binding) co-broker agreement between the two brokerages. I always state the agency relationship in the LOI, and that tenant's broker shall be paid by landlord (or landlord's agent) per separate agreement.
Most importantly, develop a good relationship with all parties, especially the payor (building owner). Owners who see me as a friendly ongoing source of future tenants, gladly pay without an agreement at all!
Oct 10, 2014