What are Transaction Fees?

Transaction Fees can be significant… typically several hundred dollars. So what are they? Transaction fees (AKA Administrative Fee, Broker Service Fees) are a flat fee some real estate companies charge for EACH transaction to cover the cost of things like “document storage” and “management”.  If you sign a contract with a Transaction Fee and are selling a property in order to purchasing your next, you are likely to get charged a Transaction Fee on BOTH transactions. Such fees must be disclosed up front, in the contract signed early…

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