Update!!!!!
If you have seen some of the other information I put out on this in recent month then you know that RD no longer allows Real Estate Agent Admin fees (just like the VA). In the guidelines that had been published RD simply said it’s not an allowable fee. Good news for agents we recently found was that by saying ‘not an allowable fee’ they mean that the fee can neither be financed into the loan or paid with seller concessions, but that if the borrower paid the fee out of pocket it could be charged.
The key is in the definition of unallowable fees. What this means to you?
If the Realtor Admin Fee is charged then the borrower’s bottom line must reflect as much. Examples:
Bottom line, if you typically charge an admin fee I would throw it on there and see what happens!