Definitions for "Advance Fees"
Fees for selling a timeshare, listing the property, or for services provided prior to the actual sale of the property.
A fee paid in advance of any services rendered. Sometimes unlawfully charged in connection with that illegal practice of obtaining a fee in advance for the advertising of property or businesses for sale, with no intent to obtain a buyer, by persons representing themselves as real estate licensees, or representatives of licensed real estate firms.
Monies paid at application for Appraisal, Credit and related fees the Lender / Broker may incur before the closing.