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.
Phoenix Arizona Agreement to Attempt to Locate Unclaimed Property of Client is a legally binding agreement entered into between a client and a property locator in the state of Arizona. This agreement aims to facilitate the identification and recovery of unclaimed property or assets belonging to the client that have been lost or forgotten. The agreement outlines the terms and conditions under which the property locator will conduct research, investigations, and take necessary measures to locate any unclaimed property that may be rightfully owned by the client. It ensures that the property locator will make reasonable efforts to identify and contact the appropriate sources, such as financial institutions, insurance companies, and government agencies, to initiate the process of reclaiming the client's assets. Keywords: Phoenix Arizona, agreement, attempt, locate, unclaimed property, client, assets, forgotten, lost, recovery, property locator, legally binding, terms and conditions, research, investigations, reclaiming, financial institutions, insurance companies, government agencies. Different types of Phoenix Arizona Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Agreement: This type of agreement is customized for a specific individual client who wants to initiate the search for their personal unclaimed property. 2. Business Agreement: This agreement is designed for business clients who wish to identify and retrieve any unclaimed assets or property that may be associated with their company or organization. 3. Estate Agreement: In cases involving deceased individuals, an estate agreement is required to locate any unclaimed property belonging to the deceased person's estate. 4. Financial Institution Agreement: This agreement is for financial institutions operating in Phoenix Arizona that provide services to their clients to assist in locating and recovering unclaimed property. 5. Government Agency Agreement: This type of agreement is designed for government agencies in Phoenix Arizona that specialize in unclaimed property recovery and want to engage the services of a property locator to assist them in their efforts. Keywords: individual agreement, business agreement, estate agreement, financial institution agreement, government agency agreement, specific, customized, personal, deceased, estate, financial institutions, services, recovery efforts.Phoenix Arizona Agreement to Attempt to Locate Unclaimed Property of Client is a legally binding agreement entered into between a client and a property locator in the state of Arizona. This agreement aims to facilitate the identification and recovery of unclaimed property or assets belonging to the client that have been lost or forgotten. The agreement outlines the terms and conditions under which the property locator will conduct research, investigations, and take necessary measures to locate any unclaimed property that may be rightfully owned by the client. It ensures that the property locator will make reasonable efforts to identify and contact the appropriate sources, such as financial institutions, insurance companies, and government agencies, to initiate the process of reclaiming the client's assets. Keywords: Phoenix Arizona, agreement, attempt, locate, unclaimed property, client, assets, forgotten, lost, recovery, property locator, legally binding, terms and conditions, research, investigations, reclaiming, financial institutions, insurance companies, government agencies. Different types of Phoenix Arizona Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Agreement: This type of agreement is customized for a specific individual client who wants to initiate the search for their personal unclaimed property. 2. Business Agreement: This agreement is designed for business clients who wish to identify and retrieve any unclaimed assets or property that may be associated with their company or organization. 3. Estate Agreement: In cases involving deceased individuals, an estate agreement is required to locate any unclaimed property belonging to the deceased person's estate. 4. Financial Institution Agreement: This agreement is for financial institutions operating in Phoenix Arizona that provide services to their clients to assist in locating and recovering unclaimed property. 5. Government Agency Agreement: This type of agreement is designed for government agencies in Phoenix Arizona that specialize in unclaimed property recovery and want to engage the services of a property locator to assist them in their efforts. Keywords: individual agreement, business agreement, estate agreement, financial institution agreement, government agency agreement, specific, customized, personal, deceased, estate, financial institutions, services, recovery efforts.
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.
