| Transfer
Fee Survey Results |
|
| As
of February 22, 2001 |
|
|
+ |
+ |
|
+ |
+ |
+ |
|
|
|
Sublet |
Resale |
|
Add'l Closing |
Comp Sales |
Questionnaire |
Recognition |
Affidavit of |
Closing |
|
|
Application |
Application |
Closing Fee |
Fee to travel |
To Appraiser |
to Appraiser |
Agreement |
Lost Stock |
Adjourment |
|
|
| FREE |
1 |
1 |
|
9 |
34 |
32 |
14 |
11 |
17 |
|
| $25 |
|
1 |
2 |
|
|
| $50 |
|
2 |
4 |
4 |
1 |
1 |
1 |
|
| $75 |
|
1 |
|
2 |
3 |
|
|
| $100 |
2 |
3 |
|
7 |
1 |
2 |
1 |
1 |
3 |
|
| $125 |
|
1 |
|
|
| $150 |
7 |
2 |
|
6 |
|
11 |
10 |
8 |
|
| $175 |
|
1 |
|
|
| $200 |
4 |
5 |
|
3 |
|
7 |
1 |
2 |
|
| $225 |
1 |
1 |
|
1 |
|
|
| $250 |
14 |
12 |
1 |
5 |
|
4 |
8 |
5 |
|
| $300 |
6 |
9 |
1 |
2 |
|
1 |
5 |
1 |
|
| $350 |
3 |
3 |
4 |
1 |
|
|
| $400 |
2 |
2 |
6 |
|
1 |
|
| $450 |
|
6 |
|
|
| $500 |
1 |
2 |
13 |
|
|
| $550 |
|
4 |
|
|
| $600 |
|
2 |
|
|
| $650 |
|
|
2 |
|
|
|
|
|
|
|
|
41 |
41 |
39 |
35 |
42 |
43 |
40 |
39 |
38 |
|
|
|
|
|
The figures in the
table above represent the number of companies charging the fees
in the left column of the same row. |
|
|
|
|
| + |
Total
Fees for a Typical Resale Transaction (application + closing
+ comp. sales + co-op questionnaire + recognition agreement) |
|
|
Fee Range |
|
$450 - $600 |
$650 - $750 |
$800 - $900 |
$950-$1100 |
$1150-$1250 |
|
|
# of Companies getting
this fee range |
|
5 |
7 |
14 |
10 |
3 |
|
|
% of
total responses tallied (36) |
|
12% |
16% |
33% |
23% |
7% |
|
|
|
|
| Notes: |
1. The above is based
upon 43 responses from Real Estate Management Companies, most
of which are located in NYC. |
|
|
2. Not every survey
returned included responses to every item. This accounts for
the difference in the totals. |
|
|
3. Only the survey
responses which included fees for resale application, closing,
comp. sales, co-op quastionnaires, |
|
|
and recognition agreements
where included in the analysis for the Typical Resale Transaction
above. |
|
|
|
|
|
|
|
|
|
|
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|
