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Property Finders Fee Agreement Template for United States

A Property Finders Fee Agreement is a legal contract used in the United States that establishes the terms and conditions under which a property finder will locate suitable properties for a client and receive compensation for successful introductions. The agreement details the scope of services, fee structure, payment terms, and any territorial or exclusivity rights. It must comply with state-specific real estate laws and federal regulations, including RESPA requirements.

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What is a Property Finders Fee Agreement?

The Property Finders Fee Agreement serves as a crucial document in real estate transactions where specialized services are required to locate specific properties. This agreement is commonly used when a client requires assistance in identifying suitable properties but prefers not to engage a traditional real estate agent. The document outlines the finder's responsibilities, compensation structure, and compliance with both federal and state-specific regulations. It's particularly important in the United States where real estate transactions are heavily regulated and finder's fee arrangements must adhere to specific legal requirements. The agreement provides protection for both parties by clearly defining the scope of services and payment terms.

What sections should be included in a Property Finders Fee Agreement?

1. Parties: Identification of the property finder and the client

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Services: Detailed description of property finding services to be provided

5. Fee Structure: Amount and calculation method of finder's fee

6. Payment Terms: When and how payment will be made

7. Term and Termination: Duration of agreement and termination conditions

What sections are optional to include in a Property Finders Fee Agreement?

1. Exclusivity: Terms of exclusive rights for the finder to represent client

2. Non-Circumvention: Prevention of direct dealings between client and property sources

3. Confidentiality: Terms for handling confidential information between parties

What schedules should be included in a Property Finders Fee Agreement?

1. Schedule A - Property Requirements: Detailed specifications of properties being sought

2. Schedule B - Fee Calculation: Detailed breakdown of fee structure and examples

3. Schedule C - Territory: Geographic area covered by the agreement

4. Appendix 1 - Required Disclosures: State-mandated real estate disclosures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

United States

Document Type

Referral Agreement

Sector

Sales

Cost

Free to use

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