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What does "broker exclusive" mean in terms of a rental agreement, and does it typically involve a broker fee?
"Broker exclusive" in a rental agreement means that only the broker who showed you the property can help you secure the rental. This usually involves a broker fee, which is a payment for their services in finding and securing the rental for you.
What does broker fee mean?
A broker fee is a charge paid to a broker for their services in facilitating a transaction, such as real estate, investments, or loans. This fee compensates the broker for their expertise, time, and resources in connecting buyers and sellers or negotiating deals. Broker fees can vary widely depending on the industry, the complexity of the transaction, and the specific agreement between the broker and the client. It's important for clients to understand these fees upfront to avoid unexpected costs.
What if your broker is requiring a retainer fee?
Lose them............fast.
How much does a broker earn?
Brokers earnings vary.Much of this depends on the type of broker and what they are brokering.If someone brokers large ticket items their earning will be much higher than one who brokers lower ticket items.There are many types of brokers. Each pays the broker in a fee or percentage of the transaction.Money brokers are known to make high income amounts. They are not however the exclusive broker earners.Most brokers earn high returns for their invested time.
What is an origination fee?
An origination fee is a payment associated with the establishment of a new loan. This fee is paid to the bank (or perhaps the broker) that provides the loan or services associated with taking out a loan.
Is it common for a commercial insurance agent to charge their client an agency commission fee and also a service fee?
Yes if they are a broker. You will always see a broker fee from your agent and they a fee from the insurance company
What does "broker exclusive" mean in terms of a rental agreement, and does it typically involve a broker fee?
"Broker exclusive" in a rental agreement means that only the broker who showed you the property can help you secure the rental. This usually involves a broker fee, which is a payment for their services in finding and securing the rental for you.
Is it legal to collect a finders fee from a mortgage broker?
Yes, you can collect a finders fee from a mortgage broker. Gifts and money are exchanged in this situation all the time.
What does broker fee mean?
A broker fee is a charge paid to a broker for their services in facilitating a transaction, such as real estate, investments, or loans. This fee compensates the broker for their expertise, time, and resources in connecting buyers and sellers or negotiating deals. Broker fees can vary widely depending on the industry, the complexity of the transaction, and the specific agreement between the broker and the client. It's important for clients to understand these fees upfront to avoid unexpected costs.
What if your broker is requiring a retainer fee?
Lose them............fast.
What are some fees associated with Canadian bonds?
The biggest and most common fee associated with Canadian bonds is a broker fee. This is a fee payed to the broker who manages the money. Buying bonds on your own usually has no fees.
Is it legal to charge a broker's fee and collect commission?
Brokers man charge a broker fee and collect commission but they must have you sign a disclosure that they are making money both ways. It isn't uncommon to be charged a broker fee if your total annual premiums are below $5,000 or if your broker is providing additional services like risk management, safety, 50+ certs, etc.
Which fee pays for a licensed professional to determine a value of a home?
Appraisal fee
Who pays for government Grants Do I have to pay a fee to apply ?
Do I have to pay a fee to apply?
How much does a broker earn?
Brokers earnings vary.Much of this depends on the type of broker and what they are brokering.If someone brokers large ticket items their earning will be much higher than one who brokers lower ticket items.There are many types of brokers. Each pays the broker in a fee or percentage of the transaction.Money brokers are known to make high income amounts. They are not however the exclusive broker earners.Most brokers earn high returns for their invested time.
What company is the biggest oil broker in Anchorage, Alaska?
Exxon oil is actually the large oil broker in Anchorage, Alaska with over 30 refineries.
Who pays the brokers commission when purchasing a commercial building?
Listing agreements usually call for seller to pay broker commissions in a sale transaction. And if there is also a buyer's broker, for a "cooperative" fee, also paid by the seller. If there is no listing agreement the parties may be free to negotiate anything they want, but custom in the locality may dictate the outcome.
