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.
Miami-Dade Florida Agreement to Attempt to Locate Unclaimed Property of Client is a legal document that outlines the terms and conditions under which a business or individual agrees to assist clients in locating and recovering unclaimed property in the Miami-Dade County, Florida area. This agreement serves as a valuable tool for both the client and the property locator, ensuring a clear understanding of responsibilities, compensation, and other important details. Keywords: Miami-Dade Florida, Agreement to Attempt to Locate Unclaimed Property, Client, unclaimed property, legal document, terms and conditions, business, individual, assistance, recovering, Miami-Dade County, responsibilities, compensation. Types of Miami-Dade Florida Agreement to Attempt to Locate Unclaimed Property of Client: 1. Residential Unclaimed Property Agreement: This type of agreement is specifically formulated to assist individual clients in locating unclaimed property that belongs to them. It may cover various types of unclaimed assets such as bank accounts, insurance policies, inheritance, and other valuable possessions. 2. Commercial Unclaimed Property Agreement: This agreement is designed to aid businesses in Miami-Dade County, Florida, in locating and recovering unclaimed commercial assets. It may include unclaimed funds, accounts payable, royalties, or any other unclaimed property that businesses are entitled to. 3. Non-profit Organization Unclaimed Property Agreement: This type of agreement is tailored to suit the needs of non-profit organizations operating in Miami-Dade County. It helps them in their pursuit of finding unclaimed funds, grants, or other financial assets that can support their philanthropic activities. 4. Government Agency Unclaimed Property Agreement: This agreement is specifically designed for government agencies or departments within Miami-Dade County, Florida. It assists in locating unclaimed property belonging to the municipality or local government, such as unclaimed tax refunds, unwashed checks, or abandoned government-owned assets. In all these agreements, the primary goal is to ensure that clients and property locators work together to efficiently and transparently locate and recover unclaimed property in Miami-Dade County, Florida. The agreement outlines the responsibilities, compensation, and expectations of both parties, providing a clear framework for successful collaboration.Miami-Dade Florida Agreement to Attempt to Locate Unclaimed Property of Client is a legal document that outlines the terms and conditions under which a business or individual agrees to assist clients in locating and recovering unclaimed property in the Miami-Dade County, Florida area. This agreement serves as a valuable tool for both the client and the property locator, ensuring a clear understanding of responsibilities, compensation, and other important details. Keywords: Miami-Dade Florida, Agreement to Attempt to Locate Unclaimed Property, Client, unclaimed property, legal document, terms and conditions, business, individual, assistance, recovering, Miami-Dade County, responsibilities, compensation. Types of Miami-Dade Florida Agreement to Attempt to Locate Unclaimed Property of Client: 1. Residential Unclaimed Property Agreement: This type of agreement is specifically formulated to assist individual clients in locating unclaimed property that belongs to them. It may cover various types of unclaimed assets such as bank accounts, insurance policies, inheritance, and other valuable possessions. 2. Commercial Unclaimed Property Agreement: This agreement is designed to aid businesses in Miami-Dade County, Florida, in locating and recovering unclaimed commercial assets. It may include unclaimed funds, accounts payable, royalties, or any other unclaimed property that businesses are entitled to. 3. Non-profit Organization Unclaimed Property Agreement: This type of agreement is tailored to suit the needs of non-profit organizations operating in Miami-Dade County. It helps them in their pursuit of finding unclaimed funds, grants, or other financial assets that can support their philanthropic activities. 4. Government Agency Unclaimed Property Agreement: This agreement is specifically designed for government agencies or departments within Miami-Dade County, Florida. It assists in locating unclaimed property belonging to the municipality or local government, such as unclaimed tax refunds, unwashed checks, or abandoned government-owned assets. In all these agreements, the primary goal is to ensure that clients and property locators work together to efficiently and transparently locate and recover unclaimed property in Miami-Dade County, Florida. The agreement outlines the responsibilities, compensation, and expectations of both parties, providing a clear framework for successful collaboration.
