The Real Estate Encyclopedia
Finder's Fee
Category - Real Estate Glossary - Real Estate Terminology
1.  A monetary payment which is prohibited or limited in most states to a party who locates suitable property or a purchaser who is other than a licensed broker. Example: Broker Abel has a listing on a particular property. Baker knows several people inter2.  

A fee usually charged by a real estate broker in exchange for locating a rental property. These types of fees are permitted by law.


References
 
Category(s)
Real Estate Glossary - Real Estate Terminology
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