A fee paid to a person or other entity
for information that initiates a business
transaction. Various types of finders’ fees
or referral fees can be generated from real
estate transactions, the most common
involving listing or selling properties
(e.g., client referrals) and arranging
financing. The Code of Ethics of The
Canadian Real Estate Association sets out
guidelines concerning disclosure of such
fees or other money received, other than
from the client. Provincial regulatory
requirements may also apply.
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