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So you contract with an agent to sell your home or buy a house. You agree on a fee, usually 6%.

No one says anything else to you and you proceed as usual to create an offer, have inspections done, hire a closing lawyer, by now you are getting tired of writing checks but you know the last will be the tax adjustment, lawyer fee and agent fee, right? Wrong! As you sit down at the closing you notice you are being charged $300. for the privilege of the real estate company doing their paperwork - ON TOP OF the agent fee.

Its like a "doc fee" at a car dealer. This is new to the real estate marketplace in the eastern US and very cheesy!

Reason of review: Problems with payment.

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Guest

Those fees of processing the contract are Title Company fees. You obviously have no clue of what is involved in an RE contract closing.

Those are not made up fees. There are many people needed for proper filling and executing a contract. If you had questions you should have contacted your agent when you recieved your preclosing estimate document provided to you directly from the title company. That is a document listing every item that you pay as well as the sellers responsibility to give you the final amount you need for closing.

Your lack of knowledge isnโ€™t your agents responsibility. Iโ€™m certain they would have explained if they knew you didnโ€™t understand.

Guest

When you purchased your automobile were you surprised there was tax, tags, title, insurance. So who do you think should pay your sales tax, etc.

He with the program and grow up!

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