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Buyer and Seller beware! What is your agents admin fee??

By
Real Estate Broker/Owner with Woodbury Real Estate Group 40205650

I was at a closing the other day and the listing agent was charging his sellers $800 for a admin fee.  An admin is a fee that a broker or Real estate firm charges for all the office and filing work on your file. 

I can understand why there is a fee with all files having to be stored online for 7 years, but $800 dollars is over the top. 

The average fee these days seems to be anywhere from $250-$500. You may want to ask your Realtor before you get to the closing table and finding out that your being charge this amount.

Respectfully yours,

Dale  

Mark Watterson
Salt Lake City, UT
Utah Real Estate

Those types of fee are just extra commission and that is what I tell my clients.  Many lenders/investor are not allowing them and I believe they all will in the future. 

Oct 17, 2009 02:41 AM