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Updated about 7 years ago on . Most recent reply

User Stats

58
Posts
35
Votes
Dave Carella
  • Investor
  • Port Charlotte, FL
35
Votes |
58
Posts

your realtor fiduciary duty and contracts

Dave Carella
  • Investor
  • Port Charlotte, FL
Posted

So I closed on on the property last Friday and discovered in my closing  disclosure I was going  to PAY for Title Insurance,  Settlement fee, title search fees and lean search fee which racked up about another 1k on top of my 15k of commissions. when I questioned why I was paying this my realtor said it that is this was normal practice for the seller to pay this?? it was in my contract. ( at the time of signing it, he did not verbally make that clear to me) so I missed it.  If I new that I was going to pay the additional fees I would have negotiated differently. the escrow company and my realtor acted like I was weird for questioning  their fees. Can you shop around for this type of service? or is there a standard rate in the state of Florida? Can I file a complaint to the realtor association?

Lesson Learned... know your contracts better than your realtor!

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