Birmingham AL Real Estate Agents Stop Charging Transaction Fees

Collier Swecker video blogs about how some homebuyers are being stuck with a shameless administrative fees by some Birmingham AL real estate agents and brokers to cover the cost of an agents or their brokers overhead expenses. These fees that usually range from $200 to $250 per transaction are junk fees, plain and simple. These fees undermine the publics trust in our industry and do not square with the National Association of Realtors push for the public to view Realtors as professionals, no different than Doctors, Lawyers, Accountants etc. Agents need to operate their businesses like real businesses and cover their overhead costs out of commissions, and agents need not work for any broker who charges these outrageous transaction fees to them or their clients, as any Broker who charges these fees does NOT care about you or your business. The good news is that a U.S District Court in Birmingham has determined that these fees constitute an unearned fee in violation of the federal Real Estate Settlement Procedures Act. In case your wondering if the Federal Courts determination of the violation of RESPA has stopped the practice by the large brokerage here in Birmingham, you will love the fact that they have actually increased the fee by $100 to nearly $250 per transaction. These Agents and Brokers need to heed the advice of William Blake who said it best when he stated, The fool who persists in his folly will become wise. If you have any comments or questions about Administrative and Transaction Fees, I welcome your comments to me at Collier@MegaAgentRealEstate.com.

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• Birmingham
• AL
• Alabama
• transaction fees
• administrative fees
• admin fees
• RESPA
• RESPA Violation
• home
• Real Estate
• For Sale
• brokerage
• Collier Swecker
• Realtor
• Agent
• closing costs
• junk fees