Q: Is the selling agent required to inform the buyer in advance that they will be charging a selling agent flat fee?
My husband and I are purchasing a house in Kentucky. Today, two days before our closing date, while reviewing the closing disclosure document that sets forth all the buyer costs, we discovered a "selling agent flat fee" under the buyers' costs. Our realtor never informed us that his agency would be charging us a "selling agent flat fee". Our purchase contract does not include it. We have not signed any documents or agreements to pay a "selling agent flat fee." Today is 8/28/2024. We're scheduled to close 8/30/2024.
A: Yes. They are. If it isn’t in your contract with the agent, you don’t owe the money.
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