Investors & landlords


@Carl wrote:

....one item called "transaction fee" that is paid to the realty corporation....


It is not a "transaction fee" and it is not paid to the realty corporation.

 

The fee is a transfer fee that is charged by some HOAs (or condo associations) to transfer the membership to the new owner. The fee is typically a debit to the buyer but that can change depending upon the HOA and the agreement between the parties.