advance fee

listen to the pronunciation of advance fee
English - Turkish
avans ücreti
English - English
A fee charged for advertising property or business opportunities in a publication other than a newspaper of general circulation
A fee charged by a broker to a seller to cover all or a portion of the broker's costs of promoting the property (I never charge upfront fees for marketing your property!)
A fee paid in advance by the seller to the broker to cover advertising and promotion costs; the fee is nonrefundable and is credited against commissions in the event of sale Typically used when large properties require big promotion budgets
A fee paid in advance of any service rendered in the sale of a property or in obtaining a loan
A fee charged by a broker to a seller to cover all ora portion of the broker's costs of promoting the property The fee is generally credited against commissions but is not refunded if no commissions are received Most frequently used in connection with large offerings which require a substantial outlay of funds for promotion
A fee charged by a broker to a seller to cover all or a portion of the broker's costs of promoting the property
A fee claimed, demanded, charged, received, collected or contracted for a listing, advertisement or offer to sell or lease property, other than in a newspaper of general circulation, issued primarily for the purpose of promoting the sale or lease of business opportunities or real estate or for referral to real estate brokers or salespeople, or both, or soliciting borrowers or lenders for, or to negotiate loans on, business opportunities or real estate
A fee paid before any services are rendered Specifically, it is a practice of some brokers to obtain a nonrefundable fee from the seller in advance to cover the advertising of properties or businesses for sale while giving no guarantee that a buyer will be found, which is often held to be improper conduct Brokers must keep accurate records of expenditures

Related Terms

advance fee scam
A consumer fraud that involves obtaining a relatively small amount of money from the victim in advance of some large deferred benefit, such as a job, a high rate of return, or a share of an ill-gotten gain
advance fee scams
plural form of advance fee scam
advance fee

    Hyphenation

    ad·vance fee

    Turkish pronunciation

    ıdväns fi

    Pronunciation

    /ədˈvans ˈfē/ /ədˈvæns ˈfiː/

    Etymology

    [ &d-'van(t)s ] (verb.) 15th century. Middle English advauncen, from Old French avancier, from Vulgar Latin abantiare, from Late Latin abante in front, from Latin ab- + ante before; more at ANTE-.
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