The title company charges a fee to effect the closing on behalf of the buyer and seller. who bears the cost of this?

Question

Petty

Business

19 April, 01:53

The title company charges a fee to effect the closing on behalf of the buyer and seller. who bears the cost of this?

+2

Answers (1)

Know the Answer?

Giselle Barnett · Answer 1

To have a fundamental and legal basis, there should always be a purchase contract between the buyer and the seller. This contract contains the agreement and requirements for the purchase to proceed. So in this case, it is always agreed in the contract who pays the cost.