A finder's fee is a fee paid to someone who acts as an intermediary for another party in a transaction. Finder's fees may be offered in a variety of situations. For example, an employer may pay a finder's fee to a recruitment agency upon hiring a new employee referred by that agency. A finder's fee may be paid regardless of whether a transaction is ultimately consummated.
In a real estate context, a finder's fee may be paid for locating property, obtaining mortgage financing or referring sellers or buyers. A finders fee is money paid to a person for finding someone interested in selling or buying property. To conduct any negotiations of sale terms, the finder may be required to be a licensed broker or he violates the law. However, state laws, which vary by state, may also provide an exemption for certain individuals, allowing them to be compensated without the necessity of licensure. For example, one state's law allows an exemption for either a property management firm or an owner of an apartment complex to playa finders fee or referral of up to $50 to a current tenant for referring a new tenant. The fee can be in the form of cash, a rental reduction or some other thing of value. The party claiming compensation under this exemption is not allowed to advertise for prospective tenants.
Because they aren't technically held by the state, real estate created overages aren't subject to those finder fee limits. In fact, they're usually not subject to any limits at all (within reason... charge 95%, and you may be asking for a lawsuit). 30-50% is standard for those who specialize in collecting those funds.
These are the funds that are created when more is bid at auction for tax foreclosure and mortgage foreclosure properties. Those overages are more often than not due back to the former owners. Unfortunately for them, most don't realize this, and walk away from their financial mess without realizing they may have a small windfall awaiting them. Then, if they don't figure it out in time, they lose it to the agency holding the funds.
1. Overview of Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client The Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client is a legal document designed to help individuals or businesses locate any unclaimed property they may have in the state of Texas. This agreement is specifically provided by the Harris County Treasurer's Office, which acts as the custodian of unclaimed property held by various businesses and organizations in Harris County. 2. Purpose and Benefits of the Agreement The main purpose of the Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client is to provide a formal arrangement between the client and the Harris County Treasurer's Office, authorizing the office to act on behalf of the client to locate and recover any unclaimed assets that belong to them. The agreement benefits clients by offering a specialized service to help them identify and reclaim their unclaimed property, which could include cash, bank accounts, securities, mineral interests, and more. 3. Responsibilities of the Harris County Treasurer's Office Under the Agreement, the Harris County Treasurer's Office assumes the responsibility of conducting a diligent search for any unclaimed property that may be associated with the client. This includes contacting relevant businesses, financial institutions, and government agencies to identify and recover the client's assets. The office also employs various methods such as database searches, public notices, and outreach programs to locate potential unclaimed property. 4. Client Obligations and Compensation The client is obligated to provide accurate and up-to-date information regarding their personal or business details, including name, address, contact information, and any relevant identifying information related to the unclaimed property. Additionally, the client may be required to sign additional forms or provide supporting documentation as necessary. It is important to note that the Harris County Treasurer's Office operates on a contingency basis, meaning they receive compensation for their services only upon successful recovery of the client's unclaimed property. Generally, these fees are typically a percentage of the total value of the assets recovered. Types of Harris Texas Agreements to Attempt to Locate Unclaimed Property of Client: 1. Individual Client Agreement: This type of agreement is specifically tailored for individuals seeking to locate their unclaimed property in Harris County, Texas. 2. Business Client Agreement: This variation of the agreement is designed for businesses or organizations looking to reclaim any unclaimed assets that may be rightfully theirs. 3. Estate Client Agreement: In cases where an individual is acting as an executor or administrator of an estate, this agreement enables them to seek and recover any unclaimed property on behalf of the estate's beneficiaries. By implementing the Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client, Harris County Treasurer's Office and the clients work together to ensure unclaimed assets are properly identified, recovered, and returned to their rightful owners.1. Overview of Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client The Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client is a legal document designed to help individuals or businesses locate any unclaimed property they may have in the state of Texas. This agreement is specifically provided by the Harris County Treasurer's Office, which acts as the custodian of unclaimed property held by various businesses and organizations in Harris County. 2. Purpose and Benefits of the Agreement The main purpose of the Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client is to provide a formal arrangement between the client and the Harris County Treasurer's Office, authorizing the office to act on behalf of the client to locate and recover any unclaimed assets that belong to them. The agreement benefits clients by offering a specialized service to help them identify and reclaim their unclaimed property, which could include cash, bank accounts, securities, mineral interests, and more. 3. Responsibilities of the Harris County Treasurer's Office Under the Agreement, the Harris County Treasurer's Office assumes the responsibility of conducting a diligent search for any unclaimed property that may be associated with the client. This includes contacting relevant businesses, financial institutions, and government agencies to identify and recover the client's assets. The office also employs various methods such as database searches, public notices, and outreach programs to locate potential unclaimed property. 4. Client Obligations and Compensation The client is obligated to provide accurate and up-to-date information regarding their personal or business details, including name, address, contact information, and any relevant identifying information related to the unclaimed property. Additionally, the client may be required to sign additional forms or provide supporting documentation as necessary. It is important to note that the Harris County Treasurer's Office operates on a contingency basis, meaning they receive compensation for their services only upon successful recovery of the client's unclaimed property. Generally, these fees are typically a percentage of the total value of the assets recovered. Types of Harris Texas Agreements to Attempt to Locate Unclaimed Property of Client: 1. Individual Client Agreement: This type of agreement is specifically tailored for individuals seeking to locate their unclaimed property in Harris County, Texas. 2. Business Client Agreement: This variation of the agreement is designed for businesses or organizations looking to reclaim any unclaimed assets that may be rightfully theirs. 3. Estate Client Agreement: In cases where an individual is acting as an executor or administrator of an estate, this agreement enables them to seek and recover any unclaimed property on behalf of the estate's beneficiaries. By implementing the Harris Texas Agreement to Attempt to Locate Unclaimed Property of Client, Harris County Treasurer's Office and the clients work together to ensure unclaimed assets are properly identified, recovered, and returned to their rightful owners.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
