In response to your question, What is a regulatory compliance fee?
These fees and/or additional charges may be imposed to customers by some real estate brokerages, and they are added into your closing costs or as part of your exclusive brokerage agreement once entered into by both parties. Usually, these fees that are being assessed by those real estate firms are used to cover some of their administrative work or operating costs.
If you need the services of a real estate agent, you should always ask them If their brokerage firm imposses some of these extra fees and who is to pay them. Most real estate brokerage firms do not charge any additional fees or charges for their services and you should continue to shop around until you find the right real estate firm willing to assist you.
I am the broker/owner of my firm and I do not charge any additional fees to my clients... If you are in need of real estate services, feel free to contact me at any time.