Finders Fee


Definition of "Finder's fee"

Amount paid to a person or business for bringing the parties together in a business arrangement. The finder may also act in a consulting capacity. The fee may be a flat amount or rate, a percentage of the sale, or percentage of profit.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Satisfaction Piece

Lender's written assurance that the borrower has fully paid the obligation. The borrower may then sh ...

Joinder

Any of several types of legal joinders whereby one or more parties unites with or joins other partie ...

Fellow Servant Rule

Formerly an employer's defense under which an injured employee had to bring a cause for action again ...

Building And Loan Associations

See savings and loan association. ...

Menace

Threat of violence to obtain a contract. ...

VA Mortgage

A mortgage with no down payment requirement, available only to ex-servicemen and women, on which t ...

Related Real Estate FAQ

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is A Term?

A term is the length of a loan. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? Tax Breaks for the First Time Home Buyer How to become a real estate agent 5 U.S. Cities with the Best Public Transportation 5 signs of house foundation problems

FAQ

What is an adjustable-rate mortgage (ARM)? Should I Pay Extra Each Month? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is an amortization? What is a housing ratio?