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In the United States, a finder's fee is the compensation given to an intermediary in a business transaction. Usually, there is a casual relationship between the one party and the intermediary (the finder), another relationship between the finder and the second party, and the two parties of the transaction would not have met if it were not for the work of the finder.
For example, if an investor wished to sell $3 million worth of stock, he would pay the broker he used a fee of 5%, or $50,000, on the first million dollars of transaction value, 4% (40,000) of the second million, and 3% (30,000)of the third million, for a total fee of $120,000. On an investment of $50 million, the total fee would be $600,000.
By early 2000, two other "National Finders" had joined the sales. Sales figures were staggering. Missouri pastor Corinne Conway made $992,000 worth of finder's fees in 2000 alone. [1] A professional car finder in Los Angeles bought $120,000 in one day, and former NFL players Neil Smith and Ricky Siglar bought a total of $700,000 worth of cars.
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Here's what to know about fixed and variable rates. ... Typical interest rates on home equity loans are lower than those of ... from review site Best Company in 2020 for her work at Finder. ...
Distribution and service fees are fees paid by the fund out of fund assets to cover the costs of marketing and selling fund shares and sometimes to cover the costs of providing shareholder services. They are also called 12b-1 fees after section 12 of the Investment Company Act of 1940. "Distribution fees" include fees to compensate brokers and ...
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