Bronx New York Finder’s Fee Agreement Regarding Real Property Sales

• Category: Real Estate - Contracts
• State: Multi-State
• County: Bronx
• 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. Bronx New York Finder's Fee Agreement Regarding Real Property Sales A Bronx New York Finder's Fee Agreement Regarding Real Property Sales is a legally binding document that outlines the terms and conditions under which a finder's fee will be paid in connection with the sale or purchase of real estate properties in the Bronx, New York. This agreement serves as a protection for both the finder (person or entity) and the property owner or buyer. Keywords: Bronx New York, Finder's Fee Agreement, Real Property Sales, legally binding, terms and conditions, finder's fee, real estate, properties, protection, property owner, buyer. There are a few different types of Bronx New York Finder's Fee Agreement Regarding Real Property Sales depending on the specific circumstances of the agreement: 1. Residential Property Sales: This type of agreement is used when the finder assists in locating buyers or sellers for residential properties in the Bronx, New York. The agreement may include details such as the percentage of the finder's fee, the duration of the agreement, and any exclusivity clauses. 2. Commercial Property Sales: For commercial properties, a specific agreement may be required. This type of agreement may involve higher finder's fees due to the larger transaction values associated with these properties. The agreement might also cover additional considerations unique to commercial real estate sales. 3. Rental Property Finder's Fee Agreement: In cases where the finder assists in locating rental properties, a specific agreement can be used. This type of agreement outlines the finder's fee and the terms under which it will be paid once a successful rental agreement is executed. 4. Exclusive Finder's Fee Agreement: In some situations, a finder may secure an exclusive agreement with a property owner or buyer, granting them sole rights to represent their interests in finding suitable properties or buyers. An exclusive finder's fee agreement provides enhanced protection and benefits for the finder. 5. Multi-Property Finder's Fee Agreement: In cases where the finder is involved in multiple property sales within a specified period, a multi-property finder's fee agreement may be used. This agreement ensures that the finder is compensated for their efforts across various transactions. Regardless of the specific type of Finder's Fee Agreement Regarding Real Property Sales in the Bronx, New York, it is crucial for all parties to carefully review and negotiate the terms to ensure fairness and clarity. Seeking legal advice or assistance is highly recommended avoiding any potential disputes or misunderstandings. Keywords: Residential Property Sales, Commercial Property Sales, Rental Property Finder's Fee Agreement, Exclusive Finder's Fee Agreement, Multi-Property Finder's Fee Agreement, negotiation, legal advice, disputes, misunderstandings.

Bronx New York Finder's Fee Agreement Regarding Real Property Sales A Bronx New York Finder's Fee Agreement Regarding Real Property Sales is a legally binding document that outlines the terms and conditions under which a finder's fee will be paid in connection with the sale or purchase of real estate properties in the Bronx, New York. This agreement serves as a protection for both the finder (person or entity) and the property owner or buyer. Keywords: Bronx New York, Finder's Fee Agreement, Real Property Sales, legally binding, terms and conditions, finder's fee, real estate, properties, protection, property owner, buyer. There are a few different types of Bronx New York Finder's Fee Agreement Regarding Real Property Sales depending on the specific circumstances of the agreement: 1. Residential Property Sales: This type of agreement is used when the finder assists in locating buyers or sellers for residential properties in the Bronx, New York. The agreement may include details such as the percentage of the finder's fee, the duration of the agreement, and any exclusivity clauses. 2. Commercial Property Sales: For commercial properties, a specific agreement may be required. This type of agreement may involve higher finder's fees due to the larger transaction values associated with these properties. The agreement might also cover additional considerations unique to commercial real estate sales. 3. Rental Property Finder's Fee Agreement: In cases where the finder assists in locating rental properties, a specific agreement can be used. This type of agreement outlines the finder's fee and the terms under which it will be paid once a successful rental agreement is executed. 4. Exclusive Finder's Fee Agreement: In some situations, a finder may secure an exclusive agreement with a property owner or buyer, granting them sole rights to represent their interests in finding suitable properties or buyers. An exclusive finder's fee agreement provides enhanced protection and benefits for the finder. 5. Multi-Property Finder's Fee Agreement: In cases where the finder is involved in multiple property sales within a specified period, a multi-property finder's fee agreement may be used. This agreement ensures that the finder is compensated for their efforts across various transactions. Regardless of the specific type of Finder's Fee Agreement Regarding Real Property Sales in the Bronx, New York, it is crucial for all parties to carefully review and negotiate the terms to ensure fairness and clarity. Seeking legal advice or assistance is highly recommended avoiding any potential disputes or misunderstandings. Keywords: Residential Property Sales, Commercial Property Sales, Rental Property Finder's Fee Agreement, Exclusive Finder's Fee Agreement, Multi-Property Finder's Fee Agreement, negotiation, legal advice, disputes, misunderstandings.