Finders Fee as "Compensation Agreement for Services Rendered"
A wholesaler posted this "Compensation Agreement for Services Rendered" on social media:
"#1 LLC agrees to compensate #2 LLC for services rendered in the agreed amount of $##### at the close of escrow regarding the property located at #######."
Has anyone else used this verbiage on a contract to get paid for finders fees or wholesaling?
Is it legally compliant?
Would you need to disclose the type of "services rendered"?
Would most / all escrow companies accept this as a demand of payoff?
