Expenses incurred in conjunction with the sale of real estate, including loan origination fees, credit reports, appraisal fees, title search, title insurance, inspections, attorney's fees, recording fees, and broker's commissions are called closing costs.

Question

Expenses incurred in conjunction with the sale of real estate, including loan origination fees, credit reports, appraisal fees, title search, title insurance, inspections, attorney's fees, recording fees, and broker's commissions are called closing costs.​

Quizplus · Accepted Answer

Closing costs encompass all the various fees and expenses associated with completing a real estate transaction, including but not limited to loan origination fees, credit reports, appraisal fees, title search, title insurance, inspections, attorney's fees, recording fees, and broker's commissions.

Expenses Incurred in Conjunction with the Sale of Real Estate