Idaho Finder’s Fee Agreement Regarding Real Property Sales

• Category: Real Estate - Contracts
• State: Multi-State
• Control #: US-0154BG
• Format: Word; Rich Text

Description

In a real estate context, a finder's fee may be paid for locating property, obtaining mortgage financing. or referring sellers or buyers. A finder's 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 pay a finder’s 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. Idaho Finder's Fee Agreement Regarding Real Property Sales: A Detailed Description In Idaho, a Finder's Fee Agreement Regarding Real Property Sales is a legally binding contract between a finder (the person or entity searching for potential buyers or sellers of real property) and a party interested in acquiring or selling real estate. This agreement outlines the terms and conditions under which the finder will be compensated for successfully connecting the parties involved in the real property transaction. The Idaho Finder's Fee Agreement Regarding Real Property Sales encompasses various aspects related to the finder's role and compensation. It typically includes key information such as the names and contact details of the finder and the interested party, a thorough description of the real property being sought or offered, and the agreed commission or fee payable to the finder upon the successful completion of the transaction. Keywords: Idaho, Finder's Fee Agreement, Real Property Sales, legally binding contract, finder, buyers, sellers, real estate, terms and conditions, compensated, parties involved, transaction, roles, compensation, contact details, description, commission, fee payable, successful completion. Types of Idaho Finder's Fee Agreement Regarding Real Property Sales: 1. Buyer Finder's Fee Agreement: This type of agreement is entered into when the finder assists a potential buyer in finding suitable real properties to purchase. The agreement outlines the finder's responsibilities, the criteria for identifying suitable properties, and the circumstances under which the finder will receive a fee or commission upon the successful purchase of a property. 2. Seller Finder's Fee Agreement: In contrast to the buyer finder's fee agreement, this type of agreement is established when the finder aids a property owner or seller in locating potential buyers for their real property. The agreement specifies the finder's obligations, the target market or demographic for finding prospective buyers, and the conditions under which compensation will be provided to the finder upon the successful sale of the property. 3. Dual Finder's Fee Agreement: This agreement type addresses situations where the finder assists both buyers and sellers simultaneously, acting as an intermediary between the parties involved. The agreement details the finder's dual responsibilities, the terms for receiving compensation from either party, and potential conflicts of interest that may arise throughout the transaction. Keywords: Buyer Finder's Fee Agreement, Seller Finder's Fee Agreement, Dual Finder's Fee Agreement, potential buyer, suitable properties, criteria, successful purchase, property owner, target market, compensation, intermediary, conflicts of interest, transaction.

Idaho Finder's Fee Agreement Regarding Real Property Sales: A Detailed Description In Idaho, a Finder's Fee Agreement Regarding Real Property Sales is a legally binding contract between a finder (the person or entity searching for potential buyers or sellers of real property) and a party interested in acquiring or selling real estate. This agreement outlines the terms and conditions under which the finder will be compensated for successfully connecting the parties involved in the real property transaction. The Idaho Finder's Fee Agreement Regarding Real Property Sales encompasses various aspects related to the finder's role and compensation. It typically includes key information such as the names and contact details of the finder and the interested party, a thorough description of the real property being sought or offered, and the agreed commission or fee payable to the finder upon the successful completion of the transaction. Keywords: Idaho, Finder's Fee Agreement, Real Property Sales, legally binding contract, finder, buyers, sellers, real estate, terms and conditions, compensated, parties involved, transaction, roles, compensation, contact details, description, commission, fee payable, successful completion. Types of Idaho Finder's Fee Agreement Regarding Real Property Sales: 1. Buyer Finder's Fee Agreement: This type of agreement is entered into when the finder assists a potential buyer in finding suitable real properties to purchase. The agreement outlines the finder's responsibilities, the criteria for identifying suitable properties, and the circumstances under which the finder will receive a fee or commission upon the successful purchase of a property. 2. Seller Finder's Fee Agreement: In contrast to the buyer finder's fee agreement, this type of agreement is established when the finder aids a property owner or seller in locating potential buyers for their real property. The agreement specifies the finder's obligations, the target market or demographic for finding prospective buyers, and the conditions under which compensation will be provided to the finder upon the successful sale of the property. 3. Dual Finder's Fee Agreement: This agreement type addresses situations where the finder assists both buyers and sellers simultaneously, acting as an intermediary between the parties involved. The agreement details the finder's dual responsibilities, the terms for receiving compensation from either party, and potential conflicts of interest that may arise throughout the transaction. Keywords: Buyer Finder's Fee Agreement, Seller Finder's Fee Agreement, Dual Finder's Fee Agreement, potential buyer, suitable properties, criteria, successful purchase, property owner, target market, compensation, intermediary, conflicts of interest, transaction.