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 Top 7 Finder's Fees Tips

When looking for a home to buy, sellers often ask for a "finder's fee" in exchange for performing due diligence on their behalf. But before you reach into your wallet, it's important to understand the basics of finding fees so that you're not overpaying or unwittingly agreeing to unreasonable demands.

Read on to learn about seven popular finder's fee tips!

Top 7 Finder's Fees Tips: https://realestatefinancingblog.com/7-finders-fees-tips/ 

This article shares seven quick and easy tips pertinent to finding a buyer’s agent.

This article shares seven quick and easy tips pertinent to finding a buyer’s agent.

The three most important things to bear in mind when determining the fee structure of a finder's fee is that:

1. Finders fees are actually quite rare in the Canadian real estate market.

2. The fee for facilitating the sale of your property should be reasonable and fair for the value of work you are performing as finder's agent, regardless of whether or not it is paid by both sides or just one party, i.e.,  your seller, buyer or both .

3. When you employ a finder's agent, you are entering into a business relationship. Therefore, the offer is not only for finding a buyer for your property, but it is a contract for services in which the agent does business on your behalf and therefore is obligated to act in good faith toward you. 

Top 7 Fax Machines Tips: https://realestatefinancingblog.com/7-fax-machines-tips/ 

This article shares seven quick and easy tips pertinent to fax machines.

This article shares seven quick and easy tips pertinent to fax machines. The three most important things to bear in mind when determining the fee structure of a fax machine rental is that: 1. Fax machines are actually quite rare in the Canadian real estate market. 2. The fee for fax machine rental should be reasonable and fair for the value of work you are performing as fax machine rental, regardless of whether or not it is paid by both sides or just one party, i.e.,  your seller, buyer or both . 3. When you employ a fax machine rental company, you are entering into a business relationship. Therefore, the offer is not only for renting to your property, but it is a contract for services in which the company does business on your behalf and therefore is obligated to act in good faith toward you. 

Top 7 Financing Options Tips: https://realestatefinancingblog.com/7-financing-options-tips/ 

This article shares seven quick and easy tips pertinent to financing options. This article shares seven quick and easy tips pertinent to financing options. The three most important things to bear in mind when determining the fee structure of a financing option is that: 1. Financing options are actually quite rare in the Canadian real estate market. 2. The fee for providing a financing option should be reasonable and fair for the value of work you are performing as financing option provider, regardless of whether or not it is paid by both sides or just one party, i.e.,  your seller, buyer or both . 3. When you employ a funding option provider, you are entering into a business relationship. Therefore, the offer is not only for securing a financing option, but it is a contract for services in which the company does business on your behalf and therefore is obligated to act in good faith toward you. 

The following document offers a definition of the term "buyer's agent," as stipulated by the Ontario Real Estate Council. The definition appears as follows:

Buyer's agent (the) Person or firm who acts for or on behalf of one of the partners at arms length, in acquiring a residential property intended to be sold subject to a contract requiring such partner to pay and deliver an earnest money deposit or first offer deposit to purchase said property.

This article shares seven quick and easy tips pertinent to buyer's agents. This article shares seven quick and easy tips pertinent to buyer's agents. The three most important things to bear in mind when determining the fee structure of a buyer's agent is that: 1. Buyer's agents are actually quite rare in the Canadian real estate market. 2. The fee for finding and selling your property should be reasonable and fair for the value of work you are performing as a buyer's agent, regardless of whether or not it is paid by both sides or just one party, i.e.,  your seller, previous owner or both . 3. When you employ a buyer’s agent, you are entering into a business relationship. Therefore, the offer is not only for helping you find and buy a property, but it is a contract for services in which the agent does business on your behalf and therefore is obligated to act in good faith toward you. 

Please note that these last two articles seem to be missing from the "Articles" tab of his website.  

This article shares seven quick and easy tips pertinent to finder's agents. The three most important things to bear in mind when determining the fee structure of a finder's agent is that: 1. Finder’s agents are actually quite rare in the Canadian real estate market. 2. The fee for finding a buyer should be reasonable and fair for the value of work you are performing as finder's agent, regardless of whether or not it is paid by both sides or just one party, i.e.,  your seller, buyer or both . 3. When you employ a finder’s agent, you are entering into a business relationship. Therefore, the offer is not only for helping you find a buyer for your property, but it is a contract for services in which the agent does business on your behalf and therefore is obligated to act in good faith toward you. 

This article shares seven quick and easy tips pertinent to fax machines rental. The three most important things to bear in mind when determining the fee structure of a fax machine rental is that: 1. Fax machines are actually quite rare in the Canadian real estate market. 2. The fee for fax machine rental should be reasonable and fair for the value of work you are performing as a fax machine rental, regardless of whether or not it is paid by both sides or just one party, i.e.,  your seller, buyer or both . 3. When you employ a fax machine rental company, you are entering into a business relationship.

Conclusion:

This young man has a long way to go and if he continues to follow in the footsteps of his former mentor, Anthony Lacavera, he may just have a bright future in the real estate world.  

It will be interesting to see if this young man can step away from his former mentor and take on a more ethical path in life.  

As for me, I will continue to speak out against fraudulent realtors like Wilson Lourenco and as long as I am able, I will continue to warn innocent buyers about potential unethical behaviours of their agent(s).  I have always been a strong believer in how you treat people is how you get treated by others.