Deputy City Manager's Office:Real Estate and Development Services
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Finder's Fees
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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
Sale price levels:
$0 - $1,000,000
Finders Fee % rate:
2.5%
Maximum:
None
Sale price levels:
$1,000,001 - $5,000,000
Finders Fee % rate:
2%
Maximum:
None
Sale price levels:
$5,000,001 - $10,000,000
Finders Fee % rate:
1.5%
Maximum:
None
Sale price levels:
$10,000,001 +
Finders Fee % rate:
1%
Maximum:
$250,000
Residential Finder’s Fee Structure:
Sale price levels
Finders Fee % rate
Maximum
Sale price levels:
$0 - $100,000
Finders Fee % rate:
3.5%
Maximum:
$3,500
Sale price levels:
$100,001 +
Finders Fee % rate:
1.5%
Maximum:
Remainder of price
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