Here is a sample real estate finders fee agreement that can be used as a template for your own agreements. It is important to note that this is just an example and should be modified to fit the specific needs and circumstances of your situation.
[INSERT COMPANY NAME]
FINDERS FEE AGREEMENT
This Finders Fee Agreement (the “Agreement”) is made and entered into on [INSERT DATE] (the “Effective Date”) by and between [INSERT NAME OF COMPANY] (the “Finder”), and [INSERT NAME OF CLIENT] (the “Client”).
1. Purpose. The purpose of this Agreement is to establish the terms and conditions under which the Finder will identify and introduce potential real estate investment opportunities to the Client.
2. Definition of Introduction. An “Introduction” occurs when the Finder presents the Client with the following information about a potential real estate investment opportunity:
a. the name and contact information of the seller or seller`s representative;
b. a description of the property;
c. any available financial information about the property; and
d. any other relevant information about the property.
3. Finder`s Fee. In consideration for the Finder`s services, the Client agrees to pay the Finder a finder`s fee (the “Fee”) equal to [INSERT FEE AMOUNT] of the purchase price of any real estate investment opportunity that the Client acquires as a result of an Introduction made by the Finder.
4. Payment of Finder`s Fee. The Finder`s Fee shall be paid to the Finder within [INSERT NUMBER OF DAYS] days of the closing of the real estate investment opportunity. The Client agrees to provide the Finder with all necessary information and documentation to verify the purchase price of the real estate investment opportunity.
5. Ownership of Information. The Client acknowledges that the Finder is the owner of all information provided to the Client in connection with this Agreement, including all information relating to real estate investment opportunities identified by the Finder. The Client agrees not to use any such information for any purpose other than evaluating the potential real estate investment opportunity.
6. Confidentiality. The Finder agrees to maintain the confidentiality of all information provided by the Client in connection with this Agreement and to use such information solely for the purpose of identifying potential real estate investment opportunities for the Client.
7. Termination. Either party may terminate this Agreement at any time upon written notice to the other party.
8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of [INSERT STATE].
9. Entire Agreement. This Agreement contains the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.
10. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[INSERT COMPANY NAME]
Finder:
______________________________
[INSERT NAME AND TITLE]
Date: __________________________
[INSERT NAME OF CLIENT]
Client:
______________________________
[INSERT NAME AND TITLE]
Date: __________________________