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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