A Finders Fee Real Estate Agreement is a legally binding contract between a real estate broker, or “finder”, and the buyer or seller of property. Under the agreement, the finder receives compensation for referring buyers and sellers to each other in order to facilitate closing transactions. Generally, the finder will receive either a flat fee or a percentage of the commission earned by the broker or agent involved in the transaction. The finder’s fee should be clearly outlined in the agreement so that all parties understand their responsibilities and rights. Through this arrangement, both buyers and sellers have access to a larger pool of potential buyers and sellers, making it easier to close a successful real estate deal.