Finders fee

[thescooper]

I have a question here folks, if I was to pay a "finders fee" to someone to find me a collection how do you suggest it works?
Or is there a standard % ?
Is it a bigger fee the bigger the collection?
How do I pay it?
Do I pay it after the transaction ?
Do I pay a smaller fee if the collection is not what I was looking for?
Any input would be helpful

[quitcrab]

What are you looking for ? I will find it for you.
I would suggest a straight payment if the person leads you to transaction in which you decide to buy.

[swarmee]

I've always heard 10% of sale price is a standard finder's fee.
So you buy a collection for $5,000, you would pay an additional $500 to the intermediary. Obviously you can negotiate either way.

[Suitntieguy]

Originally Posted by swarmee

I've always heard 10% of sale price is a standard finder's fee.
So you buy a collection for $5,000, you would pay an additional $500 to the intermediary. Obviously you can negotiate either way.

This

[CurtisFlood]

Originally Posted by swarmee

I've always heard 10% of sale price is a standard finder's fee.
So you buy a collection for $5,000, you would pay an additional $500 to the intermediary. Obviously you can negotiate either way.

Correct.

[Leon]

I really never heard of a standard finders fee. Learn something new every day..

[buymycards]

I have always paid a straight 10% of the purchase price to someone who leads me to a collection. Although in the last few months, I have procured collections (that I was not interested in), for 3 other dealers and none of them mentioned anything about a finders fee, but that is OK with me. I am sure that they will return the favor in the future.

Rick

[CTDean]

Originally Posted by Leon

I really never heard of a standard finders fee. Learn something new every day..

This may have been adopted from the antiques and fine art world. I've been
buying and selling since the 1970's, and 10% was a standard fee paid by the dealers for leads that resulted in a buy.