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<div>It was added to the Agency Disclosure form from the brokerage. Looked just like an MLS form but artfully omitted claiming to be one. And it's not the first one I've seen - agents now saying the buyer will pay an administrative fee etc because apparently
3% isn't enough. This is just the first time I have seen it buried in the PSA and mention charging the Seller. </div>
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<div>We addressed it but sufficient reminder that standard "looking" forms aren't.</div>
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<div class="acompli_signature">Thank you,<br>
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Rich Holland<br>
PNWLE</div>
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<div class="gmail_quote">On Tue, Mar 15, 2016 at 2:37 PM -0700, "Robert S Schuck"
<span dir="ltr"><<a href="mailto:rsschuck@ksmlawfirm.com" target="_blank">rsschuck@ksmlawfirm.com</a>></span> wrote:<br>
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What form of RESPA is this. I didn't see that in MLS forms<br>
Sent from my iPhone</div>
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On Mar 15, 2016, at 12:47 PM, Richard Holland <<a href="mailto:rich@pnwle.com">rich@pnwle.com</a>> wrote:<br>
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<p class="MsoNormal">So I ran across this provision in a RESPA today in a rather ‘hidden’ spot somewhat buried amount the standard “Law of Agency/TRID” disclosures.</p>
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<p class="MsoNormal"><i><span style="color:black">XYZ Real Estate agrees to prepare, process and electronically store the purchase and sale agreement and other forms that are part of the transaction for a minimum of five (5) years from the transaction date,
and the document preparation and storage fee for this service shall not exceed $250.00, which shall be collected at escrow
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<p class="MsoNormal">I have never seen this done before as it is “in addition” to the commission. $250
<i>per side</i> to “electronically store” the documents for 5 years? Really?</p>
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