advance fee is 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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). advance fee. Retrieved September 20, 2026, from http://smartdefine.org/advance_fee/definitions/1147285 |
| Chicago | Barry Goldsmith. 2010. "advance fee" http://smartdefine.org/advance_fee/definitions/1147285 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, advance fee, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/advance_fee/definitions/1147285>. |
| MLA | Barry Goldsmith. "advance fee" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/advance_fee/definitions/1147285> |