Alameda California Finder’s Fee Agreement Regarding Real Property Sales

• Category: Real Estate - Contracts
• State: Multi-State
• County: Alameda
• 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. Alameda California Finder's Fee Agreement Regarding Real Property Sales serves as a legally binding document between a property finder (the "Finder") and a prospective buyer or seller (the "Client") in Alameda, California. This agreement outlines the terms and conditions for the Finder to receive a predetermined fee or commission for successfully facilitating a real property sale. Keywords: Alameda California, Finder's Fee Agreement, Real Property Sales, legally binding, property finder, prospective buyer, seller, terms and conditions, fee, commission, facilitating. There are two types of Alameda California Finder's Fee Agreement Regarding Real Property Sales: 1. Buyer-focused Finder's Fee Agreement: This type of agreement is entered into between the Finder and a potential buyer seeking a specific type of property or investment opportunity. The Finder, typically a real estate agent or a property consultant, agrees to search for and present suitable properties to the buyer. Once the buyer successfully purchases a property introduced by the Finder, the Finder is entitled to receive the agreed-upon fee or commission. Keywords: Alameda California, Buyer-focused, Finder's Fee Agreement, potential buyer, specific type of property, investment opportunity, real estate agent, property consultant, suitable properties, purchase, introduced. 2. Seller-focused Finder's Fee Agreement: This agreement is entered into between the Finder and a property owner who wishes to sell their real estate property. The Finder undertakes the responsibility of finding potential buyers for the property and brings them to the seller. Upon the successful sale of the property through the Finder's efforts, the Finder is entitled to receive the predetermined fee or commission. Keywords: Alameda California, Seller-focused, Finder's Fee Agreement, property owner, sell, real estate property, potential buyers, successful sale, efforts, predetermined fee, commission. In both types of agreements, the Finder's responsibilities typically include market research, property evaluation, negotiations, coordinating property viewings, and providing any necessary documentation to facilitate the real estate transaction process. The fee or commission amount, payment terms, duration of the agreement, termination clauses, and other terms and conditions are clearly stated within the agreement to ensure a fair and mutually beneficial relationship between the Finder and Client. Keywords: Alameda California, Finder's responsibilities, market research, property evaluation, negotiations, property viewings, documentation, real estate transaction, fee, commission amount, payment terms, duration of agreement, termination clauses, terms and conditions, fair, mutually beneficial relationship.

Alameda California Finder's Fee Agreement Regarding Real Property Sales serves as a legally binding document between a property finder (the "Finder") and a prospective buyer or seller (the "Client") in Alameda, California. This agreement outlines the terms and conditions for the Finder to receive a predetermined fee or commission for successfully facilitating a real property sale. Keywords: Alameda California, Finder's Fee Agreement, Real Property Sales, legally binding, property finder, prospective buyer, seller, terms and conditions, fee, commission, facilitating. There are two types of Alameda California Finder's Fee Agreement Regarding Real Property Sales: 1. Buyer-focused Finder's Fee Agreement: This type of agreement is entered into between the Finder and a potential buyer seeking a specific type of property or investment opportunity. The Finder, typically a real estate agent or a property consultant, agrees to search for and present suitable properties to the buyer. Once the buyer successfully purchases a property introduced by the Finder, the Finder is entitled to receive the agreed-upon fee or commission. Keywords: Alameda California, Buyer-focused, Finder's Fee Agreement, potential buyer, specific type of property, investment opportunity, real estate agent, property consultant, suitable properties, purchase, introduced. 2. Seller-focused Finder's Fee Agreement: This agreement is entered into between the Finder and a property owner who wishes to sell their real estate property. The Finder undertakes the responsibility of finding potential buyers for the property and brings them to the seller. Upon the successful sale of the property through the Finder's efforts, the Finder is entitled to receive the predetermined fee or commission. Keywords: Alameda California, Seller-focused, Finder's Fee Agreement, property owner, sell, real estate property, potential buyers, successful sale, efforts, predetermined fee, commission. In both types of agreements, the Finder's responsibilities typically include market research, property evaluation, negotiations, coordinating property viewings, and providing any necessary documentation to facilitate the real estate transaction process. The fee or commission amount, payment terms, duration of the agreement, termination clauses, and other terms and conditions are clearly stated within the agreement to ensure a fair and mutually beneficial relationship between the Finder and Client. Keywords: Alameda California, Finder's responsibilities, market research, property evaluation, negotiations, property viewings, documentation, real estate transaction, fee, commission amount, payment terms, duration of agreement, termination clauses, terms and conditions, fair, mutually beneficial relationship.