Fees charged for terminated transactions during the contingency period
I am new to the SC Real Estate nuances with realtor contracts and attorneys. I am very experienced in Michigan. There a few things that are very different.
  1. Termination fee. - curious on why the sellers seem to really negotiate this term. The EMD is designed for damages if withdraw outside the contingency periods? What is an acceptable practice to overcome this and still get deals off the MLS?
  2. Is it customary for attorneys to charge a canceltion fee if transaction terminates? Doesn't the attorney supply title insurance for seller?
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5 comments
Ron Walraven
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Fees charged for terminated transactions during the contingency period
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