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Real Estate Finders Fee Agreement Template for Canada

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Key Requirements PROMPT example:

Real Estate Finders Fee Agreement

"I need a Real Estate Finder's Fee Agreement for our Toronto-based company that will engage multiple finders to source industrial warehouse properties in Ontario, with a tiered commission structure based on property value and a requirement for quarterly performance reporting."

Document background
The Real Estate Finder's Fee Agreement is essential in Canadian real estate transactions where an individual or entity (the finder) assists in locating suitable properties for a client. This document is particularly important when the finder is not a licensed real estate agent but provides valuable property sourcing services. The agreement defines what constitutes a successful introduction, specifies the compensation structure, and ensures compliance with provincial real estate regulations and federal laws. It protects both parties by clearly outlining their rights, obligations, and the conditions under which the finder's fee becomes payable. This agreement is commonly used in commercial real estate transactions, property development projects, and investment property acquisitions across Canadian provinces.
Suggested Sections

1. Parties: Identifies the finder and the client, including full legal names, addresses, and any relevant business registration details

2. Background: Explains the context of the agreement, including the client's desire to find suitable real estate and the finder's ability to provide such services

3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements', 'Successful Introduction', 'Fee', and 'Qualifying Transaction'

4. Scope of Services: Details the specific services the finder will provide, including property identification, introduction to sellers/agents, and any additional support

5. Fee Structure: Specifies the finder's fee amount or calculation method, including any variations based on transaction value

6. Payment Terms: Outlines when and how the finder's fee will be paid, including any conditions precedent

7. Term and Termination: Specifies the duration of the agreement and circumstances under which it can be terminated

8. Confidentiality: Addresses the handling of confidential information shared during the engagement

9. Representations and Warranties: Contains statements of fact and promises made by both parties

10. Governing Law: Specifies that the agreement is governed by Canadian law and the applicable province

11. Dispute Resolution: Sets out the process for resolving any disputes between the parties

Optional Sections

1. Exclusivity: Optional clause specifying whether the finder has exclusive rights to introduce properties - include when the finder requires protection for their efforts

2. Non-Circumvention: Prevents the client from bypassing the finder to avoid paying fees - include in higher-value transactions

3. Insurance Requirements: Specifies required insurance coverage - include when the finder is a professional service provider

4. Marketing Authorization: Permits the finder to market the client's interest in acquiring property - include when broader marketing is needed

5. Assignment Rights: Allows/restricts the ability to assign the agreement - include when either party may need to transfer rights

6. Force Majeure: Addresses unforeseeable circumstances preventing performance - include in longer-term agreements

Suggested Schedules

1. Schedule A - Property Requirements: Detailed specifications of the type of property the client is seeking, including location, size, price range, and other criteria

2. Schedule B - Fee Calculation: Detailed breakdown of how the finder's fee will be calculated, including any sliding scales or special conditions

3. Schedule C - Excluded Properties: List of properties already known to the client for which no finder's fee would be payable

4. Appendix 1 - Required Documentation: List of documents required from the finder to support fee claims

5. Appendix 2 - Reporting Requirements: Template and frequency of progress reports to be provided by the finder

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































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Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Industrial Property

Retail

Hospitality

Healthcare

Education

Manufacturing

Logistics

Investment Management

Relevant Teams

Real Estate

Property Management

Legal

Finance

Investment

Operations

Business Development

Asset Management

Acquisitions

Risk Management

Relevant Roles

Real Estate Agent

Property Scout

Investment Manager

Property Acquisition Manager

Real Estate Broker

Business Development Manager

Real Estate Investment Analyst

Property Developer

Real Estate Consultant

Asset Manager

Facilities Manager

Real Estate Portfolio Manager

Chief Investment Officer

Real Estate Operations Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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