Welcome or Register

Purchasers Be Aware

In my 45 years in real estate I have reviewed thousands of purchase agreements.  Real estate purchase agreements cover a multitude of subject matter pertaining to the property to purchase as it relates to the purchaser or seller. A Realtor’s standard purchase agreement is well crafted.

Over the past several years the following statements have been appearing within some purchase agreements; PURCHASER TO PAY PROCESSING FEE or PURCHASER TO PAY DOC. PREP FEE.  These fees range $100-$400 payable to the real estate office preparing the purchase agreement.

After reviewing Michigan real estate licensing law and the Realtors Rules and Regulations, I have found the above charges are not in violation of any laws. However, morally I cannot condone any purchaser payment of these fees.

Typically, the seller pays the real estate commission to the real estate agents who list and sell their homes.  Why must a purchaser pay a fee to purchase the real estate?

I do not want the public to think these fees are standard practice.  Those who charge them can do so; we at Zanglin & Associates do not, and will not, charge fee to a purchaser.

James R. Zanglin
Realtor Emeritus
Zanglin & Associates
 

Quick Search


view all


Any

Any

No Min.

No Max.

Testimonials

Kellie Picciuto is truly the best Realtor we could of ask for. She was thorough, transparent and professional it took all our stress away. Everything went so smooth from start to finish. We would highly recommended Kellie to all family and friends. Kathleen Bazner Gaynier
Kathy S. has helped my family and I purchase 2 different homes over the last 5 years. She was always so accessible and willing to meet at my convenience. I could not have asked for a better realtor/friend. She is absolutely amazing!! Theresa Morawa
View All