A firm has a contract with a person to pay a finder's fee if the person finds a buyer for the firm's listing. This is permissible if the person has a salesperson's license.
Firm lisiting and buyers usually work together in order to complete a transaction. The firm lists the property, while the buyer provides the necessary financing. In some cases, the buyer may also be responsible for repairs or renovations.
The firm listing and buyer process is an important one for any business. It is a way to ensure that potential buyers are aware of the businesses that are available for sale, and it also provides a way for businesses to find the right buyer for their particular company.
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