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Finders Fee

Finder's Fees and Sale Referral 


Fees paid to licensed associates/brokers for property sales or sale referrals 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.  In situations where a licensed associate/broker made introductions and pointed the purchaser to OLSH, but had minimal responsibility in the negotiation or documentation of the transaction, a referral fee of 25 per cent of the Finder’s Fee will be provided to a specified maximum. 
 
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 Referral only
​Sale price levels Finders Fee % rate Maximum Fee Maximum
$0 - $4,000,000 2% on first $1.0M and 1% on balance $40,000 25% of Finder’s Fee $10,000
$4,000,001 - $8,000,000 2% on first $1.0M and 1% on balance $75,000 25% of Finder’s Fee $18,750
$8,000,001 - $11,999,999 2% on first $1.0M and 1% on balance $115,000 25% of Finder’s Fee $28,750
$12,000,000 + 2% on first $1.0M and 1% on balance $130,000 25% of Finder’s Fee $32,500

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