How does X% Chance of Finding Magical Items work for a party?

Question

If I have an item with a X% increased chance to Finding Magical Items (3% in this case), does this apply only to me, or does that bonus apply to my party members as well? Could you end up stacking this with your teammates or your followers to provide a decent chance of better items overall?

If I give a piece of equipment to a follower with this bonus, what will happen? Will their bonus stack with mine? The Followers FAQ does not specify anything in regards to this.

Asked by FAE

Answer

As of the latest info, magic find in a party is averaged between party members. So if you have a 4 person party, one has 40%, one has 20%, and the other two have none, everyone will have an effective magic find of 15% for their own drops. The same thing applies to gold find bonuses and bonuses to XP.

Source 1

For single player with a follower, you get your own magic find, plus 20% of the magic find on your follower's gear.

Source 2

Answered by bwarner

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