What are administrative or “junk fees”?
Most real estate companies charge a fee of up to $495.00 to help pay for the office support staff, copies, document storage and other miscellaneous expenses. Garnet does not believe you should pay more for what we have already committed to do when you chose us. Most of the time these “junk fees” are brushed over without a full explanation of what they are for. Many times, buyers and sellers are surprised at the closing table when it’s time to collect the additional fee. Garnet will NEVER CHARGE AN ADMINISTRATIVE FEE, period.
Not at Garnet Real Estate Services. We believe this is an unnecessary junk fee and choose not to charge this to our clients. Buying and selling a home are expensive enough without the extra fees.
No, but the majority of companies do. These fees are commonly called “admin fees” or additional commission and range in amount from company to company. These fees have become more common and most buyers and sellers have no idea they are even paying this unnecessary fee.
Yes, it is legal to charge these fees. Commissions and fees are negotiable. If it is to be charged, it needs to be disclosed before an agent starts showing you homes or at the time of signing the listing documents.
That is for you to decide. Garnet Real Estate Services feels that it is just a way of adding on a little extra commission and choose not to encumber our clients with these additional fees.