Love that we use a third party independent arms length escrow company and they don't have junk fees - they charge their escrow fee and notary fee/over night delivery fees if applicable. Very simple and transparent :)
Yes, sometimes agents ask, but usually it's the buyer or seller that asks escrow directly. Escrow will often give a discount if a party makes a fuss about fees.
It's the relationship. Sellers' agents like the familiarity and clout they have with the same reliable escrow officer. It's illegal for agents to be compensated by settlement companies.
Love that we use a third party independent arms length escrow company and they don't have junk fees - they charge their escrow fee and notary fee/over night delivery fees if applicable. Very simple and transparent :)
Thank you for the informative videos. Does anyone ever challenge the fees?
Yes, sometimes agents ask, but usually it's the buyer or seller that asks escrow directly. Escrow will often give a discount if a party makes a fuss about fees.
Why do sellers agents want to use a specific escrow company? Do the seller's agents get a commission?
It's the relationship. Sellers' agents like the familiarity and clout they have with the same reliable escrow officer. It's illegal for agents to be compensated by settlement companies.