Posted by Ruben (KCKS) on June 19, 2007 at 11:00:49:
Congrats on your deal. I do Lonnie deals so I pay a flat fee. I did work in Califonia bird dogging forclosures and that is how I was paid there as well. I have not purchased a LH yet but I think I would be inclined to pay a flat fee as well unless the person referring the deal did a lot more then just point me in the right direction. If the referring person negotiated the deal or did a whole bunch of due dillegence I would not be opposed to increasing my finders fee.
Whatever you do make it fair for him/her and you. Come up with a number and ask them if they think it is fair. The important part is that both of you are happy with the fee and continue to do business in the future. Whatever you decide good luck.
Ruben D. Flores