Is is customary for the buyer to pay for the closing attorney fees?
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Is is customary for the buyer to pay for the closing attorney fees?
This is in MA.
Asked on November 22, 2011 under Real Estate Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Custom and practice in many states in this country where a real estate agent lists the property for sale for the seller, the seller pays the listing agent an agreed upon real estate commission set forth in the written listing agreement.
If the property is listed in the multiple lisitng service, under its rules, the listing agent is required to pay the selling agent a certain percentage of the commission received by the listing agent from the seller.
To answer your question, if an attorney or attorneys are involved in the sale of real property for either the seller of the buyer or both, custom and practice is for each party to the transaction to pay his or her own attorney their fee. If otherwise, there would be an inherent conflict of interest concerning the attorneys involved in the real estate transaction.
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