Listing Agent Cannot Charge a Processing Fee for Presenting an Offer

Posted on March 1, 2012 by

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.” ISSUE: May the listing agent require a processing fee as a condition of submitting an offer? ANSWER: No. DISCUSSION: A listing agent is required by the Commissioner’s Rules to [...]

Continue Reading »