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Thursday, May 28, 2009 Real estate fees raise RESPA controversy
If some consumers and real estate agents aren't happy about the flat fees many brokerages are slapping on top of their traditional percentage-based commissions (see Part I), there are also unresolved questions about the legality of the practice.
A recent ruling allowing a class-action lawsuit to proceed against an Alabama-based brokerage has captured the attention of other companies that could face similar claims that they are violating the Real Estate Settlement Procedures Act, or RESPA. More » FrontDoor now sports Facebook Connect
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READER COMMENT "The stated reasons to justify the fees sound like the excuses for government entities raising taxes: increased expenses for this or that. That said, if a broker wants to charge them, the choice then is up to the consumer to pay or go elsewhere." --Lenn Harley | 
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