| The Truth About Real Estate Processing Fees
There has been a lot of talk in the news lately about real estate brokerages that charge their clients a "Regulatory Processing Fee" on the sale or purchase of a home. These fees often costs buyers and sellers hundreds of dollars over and above the commission they pay their REALTOR®.
Our competitors claim this fee is needed to offset document storage fees. The truth of the matter is there is little if any cost to a brokerage to maintain a file. In fact, Ohio Law requires every real estate broker to maintain their files regardless of whether a processing fee is paid.
At Clint Williams Realty, we believe we should be compensated for providing a valuable service to our clients - namely assisting with the sale and purchase of a home. Accordingly, we have never charged "regulatory processing fees" - and we never will. It's about doing the right thing - plain and simple.
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