New site targets transparency in real estate fees

Lowerfees.com allows vendors to advertise fees

A new Web site that aims to provide more transparency into real estate fees provides consumers with estimates for a variety of these fees based on quotes submitted by vendors.

The managers for Lowerfees.com say the site could potentially cut costs for consumers while giving vendors a new venue to market their services.

Michael Kratzer, president, CFO and co-chairman of Lowerfees Inc., said that the real estate industry “is still in the Dark Ages,” and the site sheds some light on the various components of a real estate tra