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.
Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client: The Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client is a legal document that pertains to the process of locating and recovering unclaimed property on behalf of individuals or organizations. This agreement outlines the responsibilities and obligations of the parties involved in the attempt to locate and return such property to its rightful owners. Keywords: Middlesex Massachusetts, agreement, attempt to locate, unclaimed property, client, legal document, responsibilities, obligations, rightful owners. There may be different types of Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client, including but not limited to: 1. Individual Client Agreement: This type of agreement focuses on representing individual clients in the attempt to locate and recover their specific unclaimed property. The agreement will outline the specific terms between the client and the party that will undertake the search. 2. Corporate Client Agreement: This variation of the agreement pertains to assisting corporate clients in the search for unclaimed property. The terms and conditions will be tailored to the specific needs and requirements of the corporate entity. 3. Estate Client Agreement: In cases where the unclaimed property belongs to an estate or deceased individual, this type of agreement will outline the responsibilities and obligations of the estate's representative or executor. It will define the terms under which the unclaimed property will be located, verified, and returned to the rightful beneficiaries or heirs. 4. Government Agency Agreement: This agreement applies when a government agency, such as a local government department or a regulatory body, partners with a professional service provider to locate and return unclaimed property to its rightful owners. The terms and conditions will be customized to suit the requirements of the specific agency involved. 5. Non-Profit Organization Agreement: Non-profit organizations that specialize in locating and recovering unclaimed property on behalf of individuals or communities may enter into this type of agreement. It outlines the services provided by the organization and the obligations of the clients they represent. Overall, the Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client provides a framework for the legal process involved in the attempt to locate and recover unclaimed assets. This document ensures clear communication, establishes responsibilities, and aims to facilitate the rightful return of unclaimed property to its owners.Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client: The Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client is a legal document that pertains to the process of locating and recovering unclaimed property on behalf of individuals or organizations. This agreement outlines the responsibilities and obligations of the parties involved in the attempt to locate and return such property to its rightful owners. Keywords: Middlesex Massachusetts, agreement, attempt to locate, unclaimed property, client, legal document, responsibilities, obligations, rightful owners. There may be different types of Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client, including but not limited to: 1. Individual Client Agreement: This type of agreement focuses on representing individual clients in the attempt to locate and recover their specific unclaimed property. The agreement will outline the specific terms between the client and the party that will undertake the search. 2. Corporate Client Agreement: This variation of the agreement pertains to assisting corporate clients in the search for unclaimed property. The terms and conditions will be tailored to the specific needs and requirements of the corporate entity. 3. Estate Client Agreement: In cases where the unclaimed property belongs to an estate or deceased individual, this type of agreement will outline the responsibilities and obligations of the estate's representative or executor. It will define the terms under which the unclaimed property will be located, verified, and returned to the rightful beneficiaries or heirs. 4. Government Agency Agreement: This agreement applies when a government agency, such as a local government department or a regulatory body, partners with a professional service provider to locate and return unclaimed property to its rightful owners. The terms and conditions will be customized to suit the requirements of the specific agency involved. 5. Non-Profit Organization Agreement: Non-profit organizations that specialize in locating and recovering unclaimed property on behalf of individuals or communities may enter into this type of agreement. It outlines the services provided by the organization and the obligations of the clients they represent. Overall, the Middlesex Massachusetts Agreement to Attempt to Locate Unclaimed Property of Client provides a framework for the legal process involved in the attempt to locate and recover unclaimed assets. This document ensures clear communication, establishes responsibilities, and aims to facilitate the rightful return of unclaimed property to its owners.
