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.
Contra Costa California Agreement to Attempt to Locate Unclaimed Property of Client is a legally binding document designed to help individuals or organizations in Contra Costa County, California, in their efforts to locate unclaimed property that belongs to their clients or customers. This agreement outlines the specific responsibilities, obligations, and procedures involved in conducting a comprehensive search for unclaimed assets, such as bank accounts, insurance proceeds, securities, or other forms of abandoned property. The goal is to reunite individuals with their rightful assets and ensure compliance with state regulations regarding unclaimed property. Keywords: Contra Costa California, unclaimed property, client, agreement, locate, assets, search, bank accounts, insurance proceeds, securities, abandoned property, compliance, regulations. Different types of Contra Costa California Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Client Agreement: This type of agreement is tailored for individual clients who have entrusted a specific organization or individual to locate and recover their unclaimed property on their behalf. 2. Business Client Agreement: This agreement is specifically designed for businesses in Contra Costa County who wish to engage a professional service provider to handle their unclaimed property recovery processes. It outlines the terms and conditions agreed upon between the business and the service provider. 3. Agency or Government Agreement: This type of agreement is intended for government bodies or agencies in Contra Costa County that have the authority to locate and recover unclaimed property. It provides guidelines for the agency and outlines the procedures and responsibilities involved. 4. Estate Agreement: In cases where an individual has passed away, their heirs or appointed representatives may enter into an estate agreement to locate and distribute any unclaimed property that belongs to the deceased individual. 5. Non-Profit Organization Agreement: Non-profit organizations in Contra Costa County may enter into this type of agreement when collaborating with professional service providers to locate and recover unclaimed property. The agreement defines the roles and expectations of both parties. Keywords: Individual Client Agreement, Business Client Agreement, Agency, Government Agreement, Estate Agreement, Non-Profit Organization Agreement, unclaimed property, recovery, terms and conditions, professional service provider, heirs, representatives, distribute.Contra Costa California Agreement to Attempt to Locate Unclaimed Property of Client is a legally binding document designed to help individuals or organizations in Contra Costa County, California, in their efforts to locate unclaimed property that belongs to their clients or customers. This agreement outlines the specific responsibilities, obligations, and procedures involved in conducting a comprehensive search for unclaimed assets, such as bank accounts, insurance proceeds, securities, or other forms of abandoned property. The goal is to reunite individuals with their rightful assets and ensure compliance with state regulations regarding unclaimed property. Keywords: Contra Costa California, unclaimed property, client, agreement, locate, assets, search, bank accounts, insurance proceeds, securities, abandoned property, compliance, regulations. Different types of Contra Costa California Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Client Agreement: This type of agreement is tailored for individual clients who have entrusted a specific organization or individual to locate and recover their unclaimed property on their behalf. 2. Business Client Agreement: This agreement is specifically designed for businesses in Contra Costa County who wish to engage a professional service provider to handle their unclaimed property recovery processes. It outlines the terms and conditions agreed upon between the business and the service provider. 3. Agency or Government Agreement: This type of agreement is intended for government bodies or agencies in Contra Costa County that have the authority to locate and recover unclaimed property. It provides guidelines for the agency and outlines the procedures and responsibilities involved. 4. Estate Agreement: In cases where an individual has passed away, their heirs or appointed representatives may enter into an estate agreement to locate and distribute any unclaimed property that belongs to the deceased individual. 5. Non-Profit Organization Agreement: Non-profit organizations in Contra Costa County may enter into this type of agreement when collaborating with professional service providers to locate and recover unclaimed property. The agreement defines the roles and expectations of both parties. Keywords: Individual Client Agreement, Business Client Agreement, Agency, Government Agreement, Estate Agreement, Non-Profit Organization Agreement, unclaimed property, recovery, terms and conditions, professional service provider, heirs, representatives, distribute.
