A real estate finders fee agreement is a legal document that outlines the terms and conditions under which a real estate finder is entitled to a fee for introducing a buyer or seller to a property. This agreement is crucial for establishing clear expectations and ensuring a smooth transaction for all parties involved.
Key Elements of a Real Estate Finders Fee Agreement Template
Free Finder’s Fee Agreement: Make & Download – Rocket Lawyer
1. Parties Involved:
Finder: The individual or entity responsible for introducing the buyer or seller to the property.
Principal: The individual or entity seeking to buy or sell the property.
2. Property Description:
Address: The complete address of the property.
Type: The type of property (e.g., residential, commercial, land).
Price: The agreed-upon purchase or sale price.
3. Finder’s Fee:
Amount: The specific amount of the finder’s fee, which can be a fixed percentage of the sale price or a flat fee.
Payment Terms: The terms under which the fee will be paid, such as upon closing or upon receipt of funds.
4. Terms and Conditions:
Duration: The period during which the finder’s fee is applicable, such as from the date of the agreement until the closing of the transaction.
Exclusivity: Whether the finder has exclusive rights to represent the principal or if other finders can also be involved.
Confidentiality: Provisions regarding the confidentiality of information exchanged between the parties.
Dispute Resolution: A mechanism for resolving disputes, such as arbitration or mediation.
5. Signatures:
Signatures of all parties involved: Both the finder and the principal should sign the agreement to make it legally binding.
Design Elements for a Professional Real Estate Finders Fee Agreement Template
Use a clean and uncluttered layout with ample white space.
Choose a professional font that is easy to read, such as Arial or Times New Roman.
Use consistent headings and subheadings to organize the content.
2. Headings and Subheadings:
Use clear and concise headings and subheadings to guide the reader through the document.
Consider using numbered or bulleted lists to present information in a visually appealing and easy-to-understand format.
3. Language:
Use clear and concise language that is easy to understand.
Avoid legal jargon that may confuse the parties.
Use active voice instead of passive voice to make the agreement more engaging.
4. Formatting:
Use bold, italics, or underlining to highlight important information.
Use consistent formatting throughout the document to maintain professionalism.
5. Branding:
If applicable, include your company logo or branding elements to create a professional appearance.
Example of a Real Estate Finders Fee Agreement Template
Real Estate Finders Fee Agreement
This Agreement is made and entered into as of [Date] by and between [Finder’s Name], hereinafter referred to as the “Finder,” and [Principal’s Name], hereinafter referred to as the “Principal.”
A well-crafted real estate finders fee agreement template is essential for establishing clear expectations and protecting the interests of all parties involved in a real estate transaction. By following the guidelines outlined in this guide, you can create a professional and legally sound document that will serve as a valuable tool for your real estate business.
