I think 2%, if you are representing the buyer with a FSBO, but between $250 and $500 if representing the seller. A fair estimate can be determined by estimating the time it will take and setting an hourly rate for your time. It's what I've done. It should include an estimate of difficulty and amount of coordination needed as in the case of a Short Sale or Foreclosure, LSR or Proof of Funds, and the condition of the property, as well as the qualifications of the client.
For writing a contract to convey a property to an offspring, from a parent, I found $250 was totally adequate, but the parent had prepared the property (improvements, upgrades, etc) and the children were already living in it for awhile, as renters. - Tue Jul 7 2009, 07:00