Listing Agent Cannot Charge a Processing Fee for Presenting an Offer
Posted on March 1, 2012 by AAR
FACTS AS PRESENTED BY THE CALLER:
The listing agent refuses to submit the buyer’s offer to the seller unless the buyer pays a $100 “processing fee.”
May the listing agent require a processing fee as a condition of submitting an offer?
A listing agent is required by the Commissioner’s Rules to “promptly submit to the . . . client all offers to purchase or lease the listed property.” See A.A.C. R4-28-801(B). The listing agent may not condition submitting of an offer on the buyer or buyer’s agent paying a “processing fee.”
Arizona REALTOR® Magazine – March 2012