Transaction Fee Update

When charging a transaction fee for a seller or buyer, you must now indicate that as part of the commissions. For example, on a listing agreement if you are asking for a transaction fee of $250, you will no longer place it in the blank on page 3, paragraph 5 D,3. You will note it in the blank of page 2, paragraph 5 A, 2. The blank should read, 3% of the sales price plus $250 transaction fee.
If asking for a transaction fee with a buyer, you would indicate that on the buyer's representation agreement on page 3, paragraph F 3.

Diane Flicker
Senior Team Leader, Broker Associate
Keller Williams The Woodlands