New Hampshire 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. A New Hampshire Finder's Fee Agreement Regarding Real Property Sales is a legal contract that outlines the terms and conditions under which a finder (also known as a broker or intermediary) can be compensated for their efforts in locating a buyer or seller of real estate within the state of New Hampshire. This agreement serves to protect the interests of both the finder and the party seeking the property transaction. The agreement typically includes key details such as the names and contact information of the finder and the parties involved in the real property sales, a description of the property, the agreed-upon finder's fee or commission, and the terms and conditions under which the fee will be earned and paid. Keywords: New Hampshire, Finder's Fee Agreement, Real Property Sales, broker, intermediary, compensation, buyer, seller, legal contract, terms and conditions. Types of New Hampshire Finder's Fee Agreement Regarding Real Property Sales: 1. Residential Property Finder's Fee Agreement: This agreement specifically caters to the real estate transactions involving residential properties, such as houses, condominiums, or apartments. 2. Commercial Property Finder's Fee Agreement: Designed for commercial property transactions, this agreement focuses on the buying or selling of commercial real estate, including office buildings, retail spaces, industrial properties, or land for development. 3. Rental Property Finder's Fee Agreement: This type of agreement is applicable when the finder assists in finding tenants for rental properties, such as apartments, vacation homes, or commercial spaces. 4. Land Finder's Fee Agreement: If the primary focus of the agreement is on locating buyers or sellers of vacant land or undeveloped parcels, this specific agreement is utilized. Note: The specific types can vary depending on the preferences and practices of the parties involved and can be adapted or customized to suit their unique requirements.

A New Hampshire Finder's Fee Agreement Regarding Real Property Sales is a legal contract that outlines the terms and conditions under which a finder (also known as a broker or intermediary) can be compensated for their efforts in locating a buyer or seller of real estate within the state of New Hampshire. This agreement serves to protect the interests of both the finder and the party seeking the property transaction. The agreement typically includes key details such as the names and contact information of the finder and the parties involved in the real property sales, a description of the property, the agreed-upon finder's fee or commission, and the terms and conditions under which the fee will be earned and paid. Keywords: New Hampshire, Finder's Fee Agreement, Real Property Sales, broker, intermediary, compensation, buyer, seller, legal contract, terms and conditions. Types of New Hampshire Finder's Fee Agreement Regarding Real Property Sales: 1. Residential Property Finder's Fee Agreement: This agreement specifically caters to the real estate transactions involving residential properties, such as houses, condominiums, or apartments. 2. Commercial Property Finder's Fee Agreement: Designed for commercial property transactions, this agreement focuses on the buying or selling of commercial real estate, including office buildings, retail spaces, industrial properties, or land for development. 3. Rental Property Finder's Fee Agreement: This type of agreement is applicable when the finder assists in finding tenants for rental properties, such as apartments, vacation homes, or commercial spaces. 4. Land Finder's Fee Agreement: If the primary focus of the agreement is on locating buyers or sellers of vacant land or undeveloped parcels, this specific agreement is utilized. Note: The specific types can vary depending on the preferences and practices of the parties involved and can be adapted or customized to suit their unique requirements.