Of the many fees associated with buying a house, one that’s often overlooked is the transaction fee. Also known as “broker service fees” or “administrative fees,” transaction fees are costs associated with closing a real estate deal. This fee covers the cost of things like document storage and management.
Whether the money goes to pay your admin staff or your office fees, it represents work that is being done for your client. It is not an empty fee. It presents you with an opportunity to explain all the value you are providing to your clients!
If you have trouble explaining the above, you can provide the following examples when discussing transaction fees:
You change your oil at the dealership, you pay a disposal fee.
You stay in a hotel, you pay a resort fee.
You buy or lease a vehicle, you pay a dealer fee.
You have surgery, you pay extra for anesthesia.
Choice Mortgage Group
Choice Mortgage Group is dedicated to helping people improve their financial situations and create lasting memories through home ownership – one loan at a time. Our team of mortgage experts build customized solutions for each of our clients, based on their specific situations, goals, and objectives.
Specializing in residential mortgage lending for over 25 years, our programs include conventional and government lending, purchases, and refinances. We also offer portfolio lending for self-employed borrowers and borrowers with complicated tax situations.
South Florida is where Choice Mortgage Group started, and we like to call it home. We are devoted Florida Atlantic University Owls fans and are proud to be the official mortgage lender partner of FAU Athletics. We also support numerous other local organizations.
For more information about Choice Mortgage Group, visit www.choicemortgage.com.
2424 N Federal Hwy, Suite 100, Boca Raton, FL 33431
2424 N Federal Hwy, Suite 100
Boca Raton, FL 33431
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