Finder's Fee
Amount paid to a person or business for bringing the parties together in a business arrangement. The finder may also act in a consulting capacity. The fee may be a flat amount or rate, a percentage of the sale, or percentage of profit.
Popular Real Estate Terms
As the term “servient” comes from the root word “serve” and to serve means to perform a duty or a service for another entity, its meaning is easy to define. The term ...
Justifiable and fair amount for a real estate transaction based on the conditions and limitations involved in the exchange. ...
To acquit, exonerate, absolve, or discredit allegations. ...
Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
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Contractual provision requiring apportionment. ...
Decline in the credit status of a prospective homebuyer. ...
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