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When purchasing a home, which of the following costs will you not incur?

A) Origination fee
B) Realtor's commission
C) Application fee
D) Appraisal fee

User MastaBaba
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1 Answer

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Final answer:

The cost not typically incurred by the homebuyer is the Realtor's commission, as it is customarily paid by the seller of the home. Option b

Step-by-step explanation:

When purchasing a home, there are several costs that you will likely incur. However, the one you will not typically incur is B) Realtor's commission. This is because the Realtor's commission is usually paid by the seller of the home, not the buyer. Although this can vary based on the agreement between buyers and sellers, the standard practice is that the seller covers this cost.

Other fees such as A) Origination fee, C) Application fee, and D) Appraisal fee, are commonly paid by the buyer. The origination fee is charged by the lender for processing a new loan application, the application fee is the cost to process your loan application, and the appraisal fee covers the cost of having a professional appraiser evaluate the value of the home you are interested in buying. Option b

User Nulldroid
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