buying a land

[Zafer Avsar]

Hi everyone,

When I buy, let's say, a land of 1000 dollars, how much plus do I have to pay?  A broker said, "You will pay pro-rated taxes title recording fees and a $395 broker compliance fee" Is this true? According to my search, the buyer should not pay anything except the price of the sale. The seller must pay them. Am I wrong, anyone who knows about the subject? Is there any source or tool to calculate those expenses?

[Charlie MacPherson]

Prorated taxes and recording fees make sense.  Don't forget liability insurance too.

The $395.00 "broker compliance fee" *might* be something he just tacked on - or it might be included in an agreement that you've already signed.  If you have such an agreement, read it carefully to see if you're liable for it.  Ask him whether there's another explanation for it - and "company policy" doesn't cut it.

If there's no reasonable cause for that fee, tell him you're not paying it. 

[Zafer Avsar]

Thank you so Charlie, I haven't signed yet anything. I am a fastidious one:))