And just an FYI your real estate agent doesn't share in the fee. It all goes to their broker. If you opt to not pay the fee it comes out of your agents pocket.
Yes it is a common practice. I'm with Keller Williams as well & my office charges $195.
In the golden days of real estate there was enough commision to cover those costs. With houses selling so low, & commisions being split usually 4 ways, it's hard to pay the office staff & software to store all the documents.
July 2015, I just started the paper work to purchase a home. I don't believe in this type to fees as the fee should be included in the price of the seller commission. Their is NO reason to charge any fees once it it turned over to a Title Broker, they are responsible for the sale and title of the home. Anyone business that charges these fee are just passing along all cost of the business expense to the customer.
Kathy Persha, Realtor
Keller Williams Realty