I could argue it's closer to 2% because I received a price discount for closing quickly and I didn't have to deal with a bank at all.  

Today I received a call from the Passaic Valley Sewerage Commission (which is the agency in charge of the sewer system of several towns in New Jersey) telling me that in order for the City to complete all of the permits I had to pay a one time fee of $1,500.00.According to the employee of the PVSC, this charge is incurred for anyone purchasing a home from a bank if you decide to renovate that home.

Normal demand:  I will receive 10 calls for each home each week; high demand: tax time, school starting etc.

Bob thank you, what you say does makes sense.Dan,That is some of the best advice I have received. 

Contractors quickly tire of being summoned when they aren't receiving any work.

Let me know if you want me to take a look.As a side note, check out Cozy.co for rent collection and also a way to market your property and receive standardized applications.  

@Meghan McCallum More than once I've had buyers walk after a bad inspection (during the contingency) w/ the bank unwilling to budge at all in price, then the next day after they receive the cancellation I get a call inquiring on what my buyers need to get the deal done.

Why should a house easy to sell have the same fee as a house hard to sell requiring five times the work, energy, cost, etc. and with less likely hood of successfully receiving a commission?  

You can work for the corporation and receive an income.  

The post I received follows and has been credited to a Thomas Book, Esq.* * *Legislative NoteThe legislative process has many unexpected twists and turns.