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.
Attempt unclaimed property without consent refers to unlawfully trying to gain possession or control over abandoned or dormant assets or funds without obtaining proper authorization or legal permission. This prohibited act typically involves individuals or entities attempting to claim or access unclaimed property that does not belong to them, often with the intention to deceive or defraud the rightful owners or authorities. Attempting to obtain unclaimed property without consent can lead to severe legal consequences and penalties. Keywords: 1. Unclaimed property: Assets, funds, or other forms of tangible or intangible property that have been abandoned or left dormant by their rightful owners. 2. Consent: Permission, authorization, or formal approval granted by the property owner or legal guardian to access or claim the unclaimed assets. 3. Attempt: The act of trying, intending, or making an effort to acquire or gain control over unclaimed property without proper authorization. 4. Unauthorized access: Illegally trying to access or obtain unclaimed property without the owner's explicit consent or legal authority. 5. Defraud: To deceive or cheat someone for personal or financial gain, often involving attempts to acquire unclaimed property without rightful consent. 6. Legal consequences: Potential penalties, fines, or legal actions that can result from attempting to gain access to or claim unclaimed property without consent. 7. Abandoned assets: Assets left behind, disregarded, or forgotten by their rightful owners, often leading to unclaimed property status. 8. Dormant funds: Financial resources or accounts that have been inactive, unused, or unattended for an extended period, making them classified as unclaimed property. Different types of Attempt unclaimed property without consent: 1. Fraudulent claiming: Illegitimately asserting ownership or rights over unclaimed property through falsified documents, forged signatures, or fraudulent means. 2. Hacking or identity theft: Unauthorized access to personal or financial information to manipulate ownership and falsely claim unclaimed property. 3. Phishing scams: Fraudulent attempts to deceive individuals through emails, texts, or phone calls to gather personal information and use it to access unclaimed assets. 4. Impersonation or false representation: Pretending to be a legitimate representative or inheritor of unclaimed property without proper consent or authorization. 5. Unlawful auctions or sales: Illegally auctioning off or selling unclaimed property without following appropriate legal procedures or gaining consent from the rightful owners. 6. Fraudulent transfers: Illicitly transferring ownership of unclaimed property to oneself or another party without proper consent or authorization.
