QUESTION
Am I liable for a transacton fee not disclosed in the listing agreement.
Asked on May 31st, 2021 on Real Estate - Florida
More details to this question:
Executed a listing agreement with agent for 5% commission. No additional fees were listed even though there are spaces for additional fees. When I got the HUD-1 form, there was a $290 transaction fee to broker added. My agent said it was a standard fee and everyone pays it. I said fine, but it needs to be included in the listing agreement so I have an opportunity to negotiate or look elsewhere. Am I liable for fees not listed in the listing agreement?
1 ANSWER
Ancillary Probate Attorney serving Miami, FL
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Stephen R. Garcia-Vidal, P.L.L.C.
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It should be disclosed in the listing agreement, or in writing. However, it is a standard fee. It would cost you more to fight it than to pay it. I am avaialble if you need me at sgarciavidal@garciavidallaw.com. Thank you.
Answered on May 31st, 2021 at 10:28 AM