- fee paid by a lender to a broker, or sometimes by a borrower to a broker, for obtaining a loan, usually a mortgage, or for referring business to a lender.
- fee paid by a lender to a third party and sometimes to a bank's own customers, for referring new business.
- in real estate, a commission paid to a broker for locating a property.
- in securities, a fee paid by an investment banker to someone who brings in a deal.
In general: fee paid to an individual or company whose function is to bring together the parties involved in a business deal. The finder will often serve as an intermediary until the deal is consummated. The fee is usually a percentage of either the profit created by the deal or the value of the deal, but it may also be a flat rate paid by one or all of the parties involved.
Advertising: fee paid by an advertising agency to the individual or firm responsible for bringing a large account into the agency.
fee charged by a person or company acting as a finder (intermediary) in a transaction.
monetary sum paid to an intermediary who acts as the contact between the lender (an insurance company) and the borrower.
In general: fee paid to an individual or company whose function is to bring together the parties involved in a business deal. The finder will often serve as an intermediary until the deal is consummated. The fee is usually based on either a percentage of the profit created by the deal or the value of the deal, but it may also be a flat rate paid by one or all of the parties involved.
Advertising: fee paid by an advertising agency to the individual or firm responsible for bringing a large account into the agency.
money paid to someone other than a broker who locates suitable property or a purchaser. Prohibited or limited in most states.
Example: Broker Abel has a listing on a particular property. Baker knows several people interested in such property. Abel arranges with Baker to provide a finder's fee should one of the prospects identified by Baker purchase the property.
