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 Montana Agreement to Attempt to Locate Unclaimed Property of Client is a legal document that outlines the terms and conditions between a client and an agency or company hired to search for and locate unclaimed property on their behalf. This agreement is specific to the state of Montana and ensures that the client's interests are protected throughout the process. Keywords: Montana Agreement, unclaimed property, client, attempt to locate, terms and conditions, agency, company, interests, process. Different types of Montana Agreement to Attempt to Locate Unclaimed Property of Client may include: 1. Individual Client Agreement: This type of agreement is entered into between an individual client and the agency or company providing unclaimed property location services. It outlines specific details about the search, fees, and responsibilities of both parties. 2. Business Client Agreement: For businesses looking to recover unclaimed property, this agreement is tailored to address the unique requirements and expectations of corporate clients. It may include provisions regarding confidential information, multiple accounts, or complex ownership structures. 3. Estate Client Agreement: In cases where the unclaimed property belongs to an estate, this agreement takes into account the intricacies of managing and distributing assets on behalf of the deceased. It may involve additional legal considerations, such as probate or executor requirements. 4. Non-Profit Client Agreement: This type of agreement is designed for non-profit organizations that may have specific needs and objectives when it comes to locating unclaimed property. It may include provisions for a different fee structure or alternative methods of handling recovered assets. 5. Government Agency Client Agreement: When a government agency is involved in the search for unclaimed property on behalf of individuals or entities, this agreement outlines the responsibilities of both parties and ensures compliance with relevant laws and regulations. Overall, the Montana Agreement to Attempt to Locate Unclaimed Property of Client serves as a binding agreement that sets clear expectations, protects the client's interests, and defines the scope of the search for unclaimed property in the state of Montana.
