Center for Regulatory Effectiveness Public Discussion Forum on Real Estate Transfer Fees

WASHINGTON, Nov. 16, 2010 /PRNewswire/ -- A Private Transfer Fee is often  a legally binding obligation to commit to pay 1% of the sales price of a residence at the time of sale to a dedicated fund.  The fees are used to pay for a range of services including co-op fees, homeowner association fees and fees to reimburse a developer for infrastructure costs.

The Federal Housing Finance Authority has proposed a rule to ban private transfer fees.

The Center for Regulatory Effectiveness, a regulatory watchdog,  has a Discussion Forum where the public can offer their views to federal regulators. See http://www.thecre.com/tForum/

Contact: Jim Tozzi, 202-265-2383

SOURCE Center for Regulatory Effectiveness

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