Typical Finder Fees for deals

[Justen M Healy]

I am expanded my door knocking operation to include other people within my company. They are paid hourly and will soon begin going door to door to offer creative financing deals to home owners. I am curious what is a market correct "finders fee" for bringing the company deals we are able to close?

Thank you - J

[David Ramirez]

That highly depends on your pay structure. You can determine what a decent salary would be for someone in your market and then reverse-engineer to see if what you're paying as a salary, plus the projected performance commission, will get you there. Also, are they closing on the spot or just prospecting? Closing and prospecting should have different commission tiers.