Asked by isabellestdenis, West Palm Beach, FL • Sat Apr 27, 2013
The buyer has NOT elected to be represented by his own attorney to produce and coordinate the execution of his documents. Therefore, we are handling both sides. Since we don't for work for free, we charge a Settlement fee to both, buyer and seller for our transaction. Buyer's agent argues that, by law, we are not allowed to charge closing fees to her buyer and that we can only charge a Settlement fee/Closing fee to the seller. We've done more than 7500 transactions during the existence of our company and many of these transactions were in Palm Beach County. We have never heard of such a thing. In Palm Beach County, seller chooses the closing agent and pays for the Owner's Policy premium, however, buyer should also pay a settlement fee since we are producing and coordinating the execution of the buyer's documents. Can anyone tell me if there is such a thing as buyer not paying a closing fee to the Closing Agent? Thank you
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