The Statutory compliance fee is what we charge at closing to store the documents of our clients/customers for a minimum of 5 years according to regulation. Before I go into the details of this "scam", please tell me who pays this fee? Answer A, B, or C.
A. The buyer to the buyers agent?
B. The seller to the seller's agent?
C. The buyer to the seller's agent?
Your answer to this question ill help shed a lot of light on this question, I promise. Your answer may result in losing a customer or walking away from a property!!
Afie
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