I would like to know to expect as a finders fe for aa real estate sale?
If you expect this, then you should negotiate this with the agent ahead of time. Like anything else, if you don't ask, and it wasn't offered, then there is no obligation and you should not have an expectation of it. Most agents will be happy to give you a gift upon the successful close of escrow for your referral. I usually give my clients a $100.00 gift card as a thank you for a referral. Note that in California, it is illegal to pay a referral fee to anyone except a licensed real estate broker. Therefore agents must keep the amount within reason, and treat it as a gift. Even the term finders' fee may lead to trouble if the gift is made to a private, non-licensed person. Whatever amount you negotiate with your agent, keep in mind they work hard to earn their commission and whatever they are willing to give you as a thank you is generous. You should be referring friends and family because you care about them and you know that particular agent is going to do a good job for them -- NOT because you are going to profit from it! If you want to profit from real estate go get licensed.
Finders Fees In Real Estate
What are you doing to get this real estate finders fee? If you are finding real estate for investors or clients for real estate agents those are two different items are paid differently depending on the service you provide. In finding real estate for a real estate investor depending on how much information you provide as well as the agreement you have with the investor. In a real estate sales transaction for a real estate agent a fee could be as small as a dinner out to an expensive restaurant or as much as half of the commission a real estate agent earn, again this would depend on the information you provide as well as the agreement you have with the real estate agent. Some real estate professionals will tell you that it would be illegal to give a finders fee to someone, however, this is not the real world. This is being done everyday. Some of your top producers have set up such a network that they have clients on a daily ore weekly basis based on these finders. Real estate investors build their business on these real estate finders also, therefore they are the first to know about a foreclosure, a divorce and other things that would cause a property to become a foreclosure or distressed property. Some go so far as to train their finders so the investor would do less work while the finder know exactly what the investor is seeking in the purchase of investment properties. These finders would sometimes go on to become investors themselves after learning for their mentor. I hope this has been of some benefit to you, good luck. FIGHT ON
