A 'finder's fee' is legal at a real estate closing when the closing statement shows the charge being paid to the

Question

Certilyst · Accepted Answer

B Rationale: A 'finder's fee' is legal at a real estate closing when the closing statement shows the charge being paid to the broker. Brokers are typically compensated for their services in facilitating real estate transactions, which can include finder’s fees as part of their commission structure.

The lender is not the correct choice, as their fees generally relate to financing and not to the facilitation of the transaction itself.

The escrow officer does not receive finder’s fees; their role is to manage the closing process and hold funds, not to broker deals.

Similarly, the title officer is responsible for ensuring that the title is clear and properly transferred, and does not earn finder’s fees as part of their duties in the transaction.

Ohio Real Estate Exam Practice Test

A 'finder's fee' is legal at a real estate closing when the closing statement shows the charge being paid to the