Ann Arbor Real Estate Tip: Avoiding Transaction Fees

Transaction fees are charged by some real estate companies for services above and beyond the services normally received through the payment of commission on a sale. They are referred to as a transaction fee, compliance fee, paperwork retention fee, administration fees, and often cost several hundred dollars.

Consumers should be aggressive in asking for a detailed explanation of the additional service they are receiving when paying one of these fees. If you are satisfied with the explanation then you can go forward in your Real Estate Broker relationship. Just remember, these should be “added” services not a service normally provided through the payment of a commission on the sale. If you are not satisfied with the explanation, or you discover your required payment of the fee after you have entered into a contract with a Broker, then negotiate with the Broker and have them lowered or removed.

In Alabama, these fees were legally challenged and were found to be in violation of that state’s real estate law.

When searching for a real estate agent to assist you in the Greater Ann Arbor Area or Washtenaw County with your sale or purchase of real estate, make sure you inquire as to whether their company charges transaction fees. Prudential Snyder & Company Realtors does not charge any transaction fees. We are here to assist you with any of your real estate needs. Call us at 734-747-7500 or

734-747-7700 weekdays, or 734-660-0105 evenings and weekends. We’re also available via email at info@prusnyder.com or online at www.prusnyder.com anytime. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!