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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.
The status of finders as employees or tenants of the landowner complicates matters because employees and tenants have legitimate access to non-public areas of a landowner's property that others would not, without trespassing. Employees and tenants, however, still usually lose superior claim over lost property to their employers or landlords if ...
Origination fees. If you have fair or bad credit, you’ll likely pay an origination fee of 1% to 10% of your loan amount — that's $500 to $5,000 on a $50,000 loan. Impact on property taxes.
Understanding how these fees work influences the timing and the cost-effectiveness of your crypto trades. Here’s a look at how these fees work, who pays them and what else you need to know.
How to avoid paying Realtor fees. Selling your home without the help of a real estate agent — called “for sale by owner” or FSBO for short — is certainly possible. Between July 2022 and ...
The majority of property finders charge a retainer fee before they begin the search for a property. Users of full service estate agents in the UK can expect to pay a flat fee while, more typically in the US, a percentage of the property purchase price may be received from the seller's broker by means of an offer of compensation to cooperating brokers or it can be paid directly by the buyer.
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.