I recently neog a contract with a CBG agent and they asked the seller to pay for buyers closing cost but also that they pay additional $295 BAC fee to CBG for their buyer. I also have had one coming thru with the commision box checked for both the seller paying Comm and the buyer paying this BAC fee.
I was told that it is a charge that CBG is starting to charge all their clients at the closing of a transaction. Not an agent fee but a client fee. I was shocked that this was being passed on to clients and not the agent. or is it and the agent is passing the buck over to the clients, in these cases.
If it is an agent fee I guess they have given them self a raise by passing the fee on to the client. Not sure what my feelings about it are, just curious to the change, and if that was CBG's intention that it be passed on to the client and not the agents cost of doing business. Or is there a fee for both agent and client?