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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Sat, 9 Apr 2005 10:44:46 -0500
/ Author of the message: Casey |
Title of the message: |
Re: Junk fees
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Text of the message: |
homan4 said > My broker charges customers (we have no clients as my broker expressly > prohibits this type of representation by his agents) a document storage fee > of $165 per transaction, both sellers and buyers. The line is "FREC > requires us to store documents for 10 years, and so this is a fee for > mandated compliance." Amazing. Why not charge for the paper the contracts are printed on as well? > My problem is that when buyers, particularly cash land buyers receive the > HUD statements prior to closing, they take exception to this charge. Their > logic is storing files is a cost of business, the broker is in business, and > this is a requirement for him to keep his license, so he should foot the > bill. I have had several transactions almost die at the closing table over > this issue. It seems my broker would rather loose a deal than loose his > $165. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.