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Home ยป Opinion

Editorial: 'Junk' fees bad for consumers

Brokers' extra charges upset agents, too

By Inman News, Wednesday, June 24, 2009.

Inman News

Flickr photo by <a href="http://www.flickr.com/photos/tetsumo/3553883617">Tetsumo</a>.Flickr photo by Tetsumo.

The Inman News three-part series, "Broker fees divide Industry," written by staff writer Matt Carter, generated mounds of feedback, demonstrating that the industry is indeed divided on the issue of brokers charging a "transaction fee" -- which sometimes goes by other names -- that can add several hundred dollars to the percentage-based commission that consumers typically pay for real estate services.

We know the real estate industry -- as are most industries in this ailing economy -- are hurting, but consumers are hurting, too. Let's not sully the industry's reputation by sneaking in extra fees.

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Copyright 2009 Inman News

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.

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