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.
The Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client is a legal document specifically designed to assist individuals or organizations in the state of Arizona in locating any unclaimed property that may belong to them or their clients. This agreement establishes a contractual relationship between the party seeking to locate unclaimed property (referred to as the "Client") and a professional individual or entity specializing in locating unclaimed property (referred to as the "Locator"). The primary purpose of the Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client is to formalize the arrangement between the Client and the Locator, detailing the terms and conditions under which the Locator will undertake the search for unclaimed property on behalf of the Client. By entering into this agreement, the Client grants the Locator the authority to act as their representative in locating and recovering any unclaimed property that may be rightfully theirs. Keywords: Lima Arizona, Agreement, Attempt to Locate, Unclaimed Property, Client, Types of Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Client Agreement: This type of agreement is specifically tailored for individuals who wish to engage a Locator to search for and recover their unclaimed property. 2. Business Client Agreement: This type of agreement is designed for businesses or organizations that want to engage a Locator to locate any unclaimed property that may belong to them, their employees, or their stakeholders. 3. Estate Client Agreement: This specific agreement variant is relevant for estate planning professionals or executors of estates who require the services of a Locator to identify and recover any unclaimed property that may be associated with the deceased. 4. Legal Firm Client Agreement: Attorneys or law firms may enter into this agreement to engage a Locator on behalf of their clients who may have unclaimed property that needs to be located and recovered. 5. Government Agency Client Agreement: This type of agreement is relevant for government agencies seeking the expertise of a Locator to locate and retrieve unclaimed property that may belong to individuals or businesses within their jurisdiction. Overall, the Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client plays a crucial role in establishing a legally binding agreement between the Client and the Locator, outlining the scope of services, fees, responsibilities, and terms associated with the attempt to locate and recover unclaimed property.The Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client is a legal document specifically designed to assist individuals or organizations in the state of Arizona in locating any unclaimed property that may belong to them or their clients. This agreement establishes a contractual relationship between the party seeking to locate unclaimed property (referred to as the "Client") and a professional individual or entity specializing in locating unclaimed property (referred to as the "Locator"). The primary purpose of the Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client is to formalize the arrangement between the Client and the Locator, detailing the terms and conditions under which the Locator will undertake the search for unclaimed property on behalf of the Client. By entering into this agreement, the Client grants the Locator the authority to act as their representative in locating and recovering any unclaimed property that may be rightfully theirs. Keywords: Lima Arizona, Agreement, Attempt to Locate, Unclaimed Property, Client, Types of Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Client Agreement: This type of agreement is specifically tailored for individuals who wish to engage a Locator to search for and recover their unclaimed property. 2. Business Client Agreement: This type of agreement is designed for businesses or organizations that want to engage a Locator to locate any unclaimed property that may belong to them, their employees, or their stakeholders. 3. Estate Client Agreement: This specific agreement variant is relevant for estate planning professionals or executors of estates who require the services of a Locator to identify and recover any unclaimed property that may be associated with the deceased. 4. Legal Firm Client Agreement: Attorneys or law firms may enter into this agreement to engage a Locator on behalf of their clients who may have unclaimed property that needs to be located and recovered. 5. Government Agency Client Agreement: This type of agreement is relevant for government agencies seeking the expertise of a Locator to locate and retrieve unclaimed property that may belong to individuals or businesses within their jurisdiction. Overall, the Lima Arizona Agreement to Attempt to Locate Unclaimed Property of Client plays a crucial role in establishing a legally binding agreement between the Client and the Locator, outlining the scope of services, fees, responsibilities, and terms associated with the attempt to locate and recover unclaimed property.
