Various fees and expenses payable by the seller and buyer at the time of a real estate closing; also termed transaction cost. Some closing costs include brokerage commissions, lender discount points and other fees, title insurance premiums, deed recording fees, loan prepayment penalties, inspection and appraisal fees, and attorney's fees.
Transaction costs are the expenses incurred during the process of buying or selling investments. They are critical to consider as they can significantly impact the net gains from transactions.
