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.
Idaho Agreement to Attempt to Locate Unclaimed Property of Client is a legal document that outlines the agreement between a licensed unclaimed property locator and a client in the state of Idaho. This agreement is designed to assist individuals or businesses in locating and recovering any unclaimed property or assets that may be owed to them. The purpose of the Idaho Agreement to Attempt to Locate Unclaimed Property of Client is to ensure that the unclaimed property locator will conduct thorough research and make reasonable efforts to locate and recover any unclaimed property owed to the client. The agreement also defines the terms and conditions under which the locator will provide their services and the fees that may be charged. There are various types of Idaho Agreement to Attempt to Locate Unclaimed Property of Client, including: 1. Individual Client Agreement: This type of agreement is tailored for individuals who are seeking to locate and recover their personal unclaimed property, such as abandoned bank accounts, insurance proceeds, or forgotten deposits. 2. Business Client Agreement: This type of agreement is specifically designed for businesses or organizations that are looking to locate and recover any unclaimed property that may be owed to them, such as unwashed checks, stock dividends, or abandoned assets. 3. Estate Client Agreement: This agreement is intended for executors or administrators of estates who aim to identify and recover any unclaimed property or assets that belong to the estate and its beneficiaries. The Idaho Agreement to Attempt to Locate Unclaimed Property of Client is an important legal document as it protects the interests of both the client and the unclaimed property locator. It ensures that the locator will make reasonable efforts to locate any unclaimed property owed to the client, while also defining the terms of compensation and any potential fees that may be incurred throughout the process. Keywords: Idaho, Agreement to Attempt to Locate Unclaimed Property of Client, unclaimed property, assets, client, unclaimed property locator, legal document, research, reasonable efforts, terms and conditions, fees, individual, business, estate, executor, administrator, beneficiaries, legal, interests, compensation, process.
