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Finders Fee

 

Finder's Fees 


Fees paid to licensed associates/brokers for property sales are calculated in steps, with a maximum fee within specific sale price ranges.  The Finder’s Fee steps reflect findings of a comprehensive review of standard practices and fee structures currently being used by other municipalities and developer/owners. The fee structure ensures consistency, transparency and our duty to represent the best interests of the citizens. 
 
When the associate/broker is a fully active participant in the negotiations and acts as the point of contact for the transaction, Finder’s Fees will follow calculations on the chart below. 
 
As always, associates/brokers who are also directors or shareholders of the company purchasing the property will not be eligible for any type of fee from The City.

Industrial / Commercial Finder's Fee Structure

  Transactional point of contact / Negotiates on clients behalf
​Sale price levels Finders Fee % rate Maximum
$0 - $1,000,000 2.5% None
$1,000,001 - $5,000,000 2% None
$5,000,001 - $10,000,000 1.5% None
$10,000,001 + 1% $250,000

Residential Finder’s Fee Structure:

​Sale price levels Finders Fee % rate Maximum
$0 - $100,000 3.5% $3,500
$100,001 + 1.5% Remainder of price