sad day in Arkansas
October 8, 2008
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Posted By dale adamson on 10/7/2008 at 8:17 AM
www.usdoj.gov/atr/public/press_releases/1992/211294.htm
This case went to court and there was a fine. Surveyors all over Arkansas helped raise money to pay the fine.
At one point the FEDS were willing to plea bargain, for a slap on the hand, but the Defendents Lawyers thought they could win the case.
The Realtors and Bankers were setting the survey price, on the good faith closing estimates at $150.00, of course when the buyer and seller got to the closing table the survey fee was $350.00 to $500.00.
The NW chapter called a meeting with some of the Realtors and Bankers to attempt to raise the closing estimates, the price agreed on was $350.00 per survey, this was not fixing the price a Surveyor could charge, We could still charge what we wanted to, just the estimate on the closing statement would show a higher fee.
Dale
www.usdoj.gov/atr/public/press_releases/1992/211294.htm
This case went to court and there was a fine. Surveyors all over Arkansas helped raise money to pay the fine.
At one point the FEDS were willing to plea bargain, for a slap on the hand, but the Defendents Lawyers thought they could win the case.
The Realtors and Bankers were setting the survey price, on the good faith closing estimates at $150.00, of course when the buyer and seller got to the closing table the survey fee was $350.00 to $500.00.
The NW chapter called a meeting with some of the Realtors and Bankers to attempt to raise the closing estimates, the price agreed on was $350.00 per survey, this was not fixing the price a Surveyor could charge, We could still charge what we wanted to, just the estimate on the closing statement would show a higher fee.
Dale
