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Finder's Fee ?- A finder’s fee is one paid to a person who locates a buyer for something being sold. This is often related to things such as real estate. Such finders may also be involved with all the various means of communication needed to handle locating a prospective buyer. As a rule the fee paid to the person will be based on a calculated percentage of the transaction. Another type of finder’s fee is the referral fee paid to license real estate agents or mortgage brokers who perform the same service. The amount of this fee is typically between .5% and 1%, but can be more in some cases.
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