Definition: The word "who pays mortgage broker fees" refers to the person or entity who is responsible for paying fees associated with a real estate agent, such as a mortgage broker. In the context of a real estate transaction, this fee might include a commission paid by the seller in exchange for selling their property. The term "mortgage broker fees" specifically refers to these commissions that are charged by the broker to the buyer or seller based on the amount of money they can earn from the sale or purchase of the property. The term "who pays" implies responsibility, as the broker is acting as a middleman between the buyer and the seller. Therefore, any additional expenses associated with the mortgage broker's services are likely to be paid by the buyer or seller, respectively. In summary, the phrase "who pays" refers to the individual responsible for paying the mortgage broker fees involved in arranging a real estate transaction.
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