Are Those Add-On Fees on Your Closing Document Illegal?

In 2009, the US District Court ruled that add-on fees on the HUD-1 closing document could be against federal law. Commissions on the HUD-1 can be a flat fee, a percentage of sales price, or a combination but should not exceed the agreed upon commission in the listing brokers listing agreement. If the fee exceeds that agreed upon amount then HUD can determine if the services provided justify the additional charges. Unjustified charges are against the Real Estate Settlement Procedures Act or RESPA and can be subject to penalties.

For all your Tulsa Luxury Real Estate transactions, contact Sherri Sanders of The Tulsa Luxury Property Group at McGraw Realtors at 918-724-5008 or tulsaluxurypropertygroup.com

For a Tulsa, OK area mortgage, contact Karen Heston of BOK Mortgage at 918-481-7353 or http://kheston-boklo.mortgagewebcenter.com

Tulsa's Hidden Luxury Homes For Sale

If you have ever dreamed of owning a Tulsa luxury home, you may be surprised to know that luxury can be found in many moderately priced homes. In Tulsa area real estate, a home is generally considered "luxury" when it is priced over $500,000. Even though a luxury home is something that many of us can't afford, there are many homes that are moderately priced and still have luxury features.

All luxury homes have one thing in common, they have features, materials or qualities that are considered to be a luxury. Those features might be: granite countertops, marble flooring, a home theater, heated towel racks, heated floors, an outdoor living area, a home automation system and much more.



Interested in Tulsa luxury real estate?, contact Darryl Baskin, Tulsa Luxury Property Group at McGraw Realtors, 918-258-2600 or tulsaluxurypropertygroup.com.

For Tulsa Home Automation System Installation, contact Keegan Beck, KMB Enterprises, 918-527-1031 or www.kmbenterprisesllc.com