Separate Advisory Fees From Provider and Closing Charges

By Don McClain | Founder & Principal, Medro Advisors. Use ALS’s October 25 engagement explanation to build a fee-responsibility worksheet. Identify who charges each amount, what work it covers, when it is due and which written document explains it. Ask about cancellation, refund or credit treatment instead of assuming those terms. Keep an advisory retainer distinct from appraisal, application and closing charges, and flag any item whose purpose appears twice for clarification. An engagement does not establish financing approval. Discuss a non-owner-occupied one- to four-unit property at https://americasloansource.com/#contact

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