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What is a brokers fee?

Do I have to pay brokers fee when buying a used car in Fl? Thanks


What Is An Origination Fee On Loan?

An origination fee is a rate charged by some lenders and brokers as repayment for processing and closing your loan.


Is fee charged for closing Smith Barney account?

Smith Barney brokers usually charge a fee when closing an account. The amount of the fee varies from $20 to about $95.


How much do Real estate brokers charge for rentals?

Real estate brokers typically charge a fee for rental services that can range from one month's rent to 15% of the annual lease value. In some markets, it's common for landlords to pay the broker's fee, while in others, tenants may be responsible for it. Additionally, some brokers may charge a flat fee for their services. Always clarify the fee structure upfront to avoid misunderstandings.


Do brokers have the authority to charge an additional fee for drafting real estate contracts?

Yes, brokers may have the authority to charge an additional fee for drafting real estate contracts, but this authority can vary depending on the specific agreement between the broker and the client.


Can a broker charge a broker fee for Admitted business in the State of Texas for professional liability insurance?

Yes, A brokerage fee is common practice for brokered business of all types. It's also common in all other financial fields including mortgage brokers, stock brokers, buisness brokers, loan brokers, real-estate brokers and brokers of all types. That's how brokers earn a living. they may also earn a negotiated commission on the final transaction. Generally brokerage fees are non-refundable. If the client/s back out of or fails to close on a transaction the broker has worked hard on and perhaps spent many hours negotiating, then the broker hasn't done all that work for nothing. If you feel your brokers fees are too high and you have developed a relationship with them, you can probably negotiate a lower fee with them, especially if you utilize their services frequently.


How do mortgage brokers make money?

Mortgage brokers make money directly from the borrower via a fee of some kind or from the lender or from some combination of the two). Mortgage brokers are basically middlemen. The lenders quote a "wholesale" price for the loans to the mortgage brokers and allow them to determine how much to mark up the loan.


I am looking to obtain my mortgage brokers lic. Is there a school you can recommend to me in the local jacksonville area?

You can try Florida State College, since they offers community course in mortgage brokers for a great fee.


How much does a broker earn?

Brokers earnings vary.Much of this depends on the type of broker and what they are brokering.If someone brokers large ticket items their earning will be much higher than one who brokers lower ticket items.There are many types of brokers. Each pays the broker in a fee or percentage of the transaction.Money brokers are known to make high income amounts. They are not however the exclusive broker earners.Most brokers earn high returns for their invested time.


What services do ship brokers provide?

Ship brokers are the financial side of business in shipping industry, they negotiate deals for the transportation of cargo on ships. they also offer many different types of broking ie; dry cargo broking, tanker broking and container broking.


Can Insurance brokers make you pay admin fee?

Of course. That is their way of making a profit and being able to run their business.


What is stock purchase commission?

You have to pay a fee to the broker whenever you buy or sell stocks. Online brokers generally have the lowest fees.