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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.
‎April 13, 2022
7:27 AM
4,140 Views