How is the receiver paid?

Subject to court approval, a receiver is compensated for expenses associated with their services. Receivers generally charge 20% of the sales price or whatever is collected, plus what the court would consider reasonable expenses.

Real estate receivers, on the other hand, are generally paid from the proceed of the sales, or 6%, plus a receiver fee. For our firm the receiver fee is $1,500 which covers court appearances, drafting motions, and the multiple trips to the courthouse; however, sometimes that fee can increase depending on the complexity of the case.