Posted by Jim FL on November 13, 2002 at 17:02:38:
Matt,
Certainly check this with a local RE attorney, but I used to just put, “Each party shall be responsible for their own closing costs as is per local custom.”
This basically meant that we passed them all on to the end buyer.
Since I usually just assigned my agreement with the buyers to the sellers, and got paid the difference at close.
My buyers agreement has them paying all closing costs.
If I did a simultaneous close, the seller bore the brunt of the closing costs, on that end, and my buyer on the other, since it was my attorney who prepared the HUD-1 statements.
I know not a real clear defined answer, but it worked for me in my old location when I used that form.
Good luck,
Jim FL