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 Kansas Agreement to Attempt to Locate Unclaimed Property of Client is a legal document designed to facilitate the process of finding and recovering unclaimed property on behalf of a client in the state of Kansas. This agreement outlines the responsibilities of both the client and the entity tasked with the search, ensuring a transparent and efficient process. Keywords: Kansas, agreement, attempt to locate, unclaimed property, client Types of Kansas Agreement to Attempt to Locate Unclaimed Property of Client: 1. Individual Client Agreement: This refers to an agreement entered into between an individual client and a professional locator or business that specializes in locating unclaimed property. The agreement outlines the specific terms and conditions governing the arrangement for the search and retrieval of the individual's unclaimed property. 2. Business Client Agreement: This agreement is designed for businesses or organizations that seek assistance in locating and recovering unclaimed property. It outlines the obligations and responsibilities of both parties, including the business client's cooperation in providing the necessary information and documents for the search. 3. Government Entity Agreement: This variant of the agreement is tailored for government entities or agencies in Kansas that are responsible for managing and distributing unclaimed property. The agreement establishes the partnership between the government entity and a professional locator or business, enabling them to collaborate effectively in locating and returning unclaimed property to its rightful owners. In all types of Kansas Agreement to Attempt to Locate Unclaimed Property of Client, the goal remains the same — to facilitate the location and retrieval process while protecting the interests of the client. By entering into such an agreement, individuals or organizations can maximize the chances of recovering unclaimed assets and funds that would otherwise remain dormant and eventually be turned over to the state.
