Anyone heard of a broker requiring 20k refundable deposit before LOI stage?
Hi everyone.
I am a new individual searcher in Utah looking at main street service opportunities. I came across a roofing company that had 2.2m rev, 550k sde.
As i went through the process with the broker he let me know the brokerage requires a 20k refundable deposit before entering the LOI stage.
Is this normal?
Any insights would be helpful.
Thanks!