Difference between revisions of "Referral fee"
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| − | [[Referral fee]] (alternatively known as [[finder's fee]]) is a commission paid to an intermediary or the facilitator of a [[ | + | [[Referral fee]] (alternatively known as [[finder's fee]]) is a commission paid to an intermediary or the facilitator of a [[market transaction]]. This fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on the circumstance, this fee can be paid by either the transaction's buyer or seller. |
Latest revision as of 17:33, 29 June 2020
Referral fee (alternatively known as finder's fee) is a commission paid to an intermediary or the facilitator of a market transaction. This fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on the circumstance, this fee can be paid by either the transaction's buyer or seller.
In recruitment
In the United States, either an employer or a recruiter may pay the fee for finding the right employment candidate. For instance, an employer may pay the fee to its current employee instead of paying the placement fee to a recruiter. A recruiter may pay the fee from its placement fee, etc.
