Updated almost 3 years ago on . Most recent reply
Typical finders fee for land development deal?
Hi BP! I would like to know what a typical finders fee would be for connecting a developer/builder with a property owner. The property owner is not going to list the property nor will they pay a commission. They have specifically requested that I try to find them a buyer and that I ask for a finders fee from the buyer as part of the terms of the deal. I will also not be representing the seller, they are also a licensed agent and will have their attorney handle the contract, etc. This property will probably sell somewhere around $12,000,000. If anyone has any experience with this, please give me suggestions and insight! I'm a seasoned agent but have never done a transaction like this.