Fees get a high-court reprieve | Real Estate | The Seattle Times

WASHINGTON — In a decision that could have significant impacts on the fees that consumers pay in real-estate transactions, the U.S. Supreme Court has ruled that "unearned" fees charged by lenders and other service providers do not violate federal law as long as they are not split with anyone else.

The court's unanimous decision effectively reopens the door to controversial "administrative" fees levied by real-estate brokers, and could encourage the practice of "marking up" of fees by mortgage lenders, settlement agents and others that had been banned by federal regulators for the past decade.

via Fees get a high-court reprieve | Real Estate | The Seattle Times.

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