Monday, April 5, 2010

HUD clarifies realty add-on fees or transaction fees

A 2009 U.S. District Court decision indicated that add-on fees – commonly known as transaction fees – not accompanied by specific services violate federal law. As a result, many large real estate brokers altered their commission rate and fee procedures

Realtors click here to read entire story:  HUD clarifies realty add-on fees or transaction fees

Forbes Real Estate Today