Back to Glossary
Broker Fees
Updated
January 19, 2023
A broker fee is the amount of money a broker will charge when a home buyer or renter requests a broker's services for finding their future home or rental home. A broker fee is the equivalent of a commission fee or, what is often termed, "finder's fee" and must be paid before the new tenant moves in. You may also hear it referred to as a brokerage fee.
Related Topics
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?