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Pumpkin1
LIF Adult
Member since 12/05 3715 total posts
Name:
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Tipping at closing
I seem to recall that you are suppose to tip some people at the closing (i.e. person from title company), but I have no idea who and how much. Can someone help me? You can PM me if you want.
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Posted 7/25/07 3:28 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
jes81276
summer fun!
Member since 3/06 4962 total posts
Name:
Jaime
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Re: Tipping at closing
Our broker told us usually $75 - $100 to the title person.
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| Posted 7/25/07 3:29 PM |
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LIgrlatheart
LIF Adolescent
Member since 7/06 638 total posts
Name:
christi
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Re: Tipping at closing
tipping peopel at closing!!!
noone told me this... oy
why would we tip the title person? dont they get a bunch of our money already?
someone please shed some light on this for me....
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| Posted 7/25/07 3:40 PM |
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Re: Tipping at closing
 We spent enough on the house. We didnt tip.
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| Posted 7/25/07 3:43 PM |
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funtime
LIF Infant
Member since 10/06 373 total posts
Name:
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Re: Tipping at closing
A lot of times a lawyer will mostly tell their clients to just make out checks for a specific amount to the title, etc. and won't tell them that it's a tip...
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| Posted 7/25/07 3:45 PM |
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MrsRbk
<3 <3 <3 <3
Member since 1/06 19197 total posts
Name:
Michelle
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Re: Tipping at closing
we certainly did not tip anyone when we closed on our house. They got enough $$$$ from us!
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| Posted 7/25/07 3:51 PM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: Tipping at closing
Posted by funtime
A lot of times a lawyer will mostly tell their clients to just make out checks for a specific amount to the title, etc. and won't tell them that it's a tip...
That's what happened in our case, we wrote out a $100 check for the person, not realizing it was a "tip" until I read a post here!
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| Posted 7/25/07 3:52 PM |
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LIgrlatheart
LIF Adolescent
Member since 7/06 638 total posts
Name:
christi
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Re: Tipping at closing
Posted by ali120206
Posted by funtime
A lot of times a lawyer will mostly tell their clients to just make out checks for a specific amount to the title, etc. and won't tell them that it's a tip...
That's what happened in our case, we wrote out a $100 check for the person, not realizing it was a "tip" until I read a post here!
so at closing when he's telling me to write out checks... i can ask why ... does he have to be honest? hmm
cuase i certainly will not tip if i dont get tricked into it haha
they got our savings and our first born what more do they want
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| Posted 7/25/07 3:54 PM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: Tipping at closing
Posted by LIgrlatheart
Posted by ali120206
Posted by funtime
A lot of times a lawyer will mostly tell their clients to just make out checks for a specific amount to the title, etc. and won't tell them that it's a tip...
That's what happened in our case, we wrote out a $100 check for the person, not realizing it was a "tip" until I read a post here!
so at closing when he's telling me to write out checks... i can ask why ... does he have to be honest? hmm
cuase i certainly will not tip if i dont get tricked into it haha
they got our savings and our first born what more do they want
I think my post came out a little wrong, our lawyer told us the check was for the person who was the title closer, it was on the list of closing costs he gave us too so I didn't think it was a tip, I thought it was a closing cost (since that was the way it was presented).
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| Posted 7/25/07 4:01 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Tipping at closing
Yes that is correct. Most peopel call it a tip but really it is an attendence fee to the title closer. The title closer does not work for the title company they are independent contractors and the way they make money is by receiving "tips/attendence fee". It is customary to give them an attendence fee. At to how much to give it is up to you it can be anywhere from $75 to $150--it really depends on what you want to give. The title closer assures that your documents are properly recorded and sent the title company in a timely fashion. It is likely that you didn't even know you wrote the check to them, some closer include it on the title bill.
I am a real estate attorney and it is customary in the industry to give a "tip"--even though I don't like calling it that because a tip assumes they are getting paid something and they aren't. The only time I haven't seen an attorney inform their client that they had to give the closer a check is an attorney who doesn't practice real estate.
Message edited 7/25/2007 5:41:01 PM.
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| Posted 7/25/07 5:39 PM |
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LIBOUND
Texting king
Member since 10/05 5289 total posts
Name:
Suzy
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Re: Tipping at closing
Posted by MrsRbk
we certainly did not tip anyone when we closed on our house. They got enough $$$$ from us!
Exactly. Our title person was rude and is an employee of my attorney who happend to own the title company. Although not illigeal, they chose not to tell us that they were co-workers. My mortgage guy actually told us!!
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| Posted 7/25/07 6:33 PM |
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jenn28
LIF Infant
Member since 3/07 178 total posts
Name:
Jenn
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Re: Tipping at closing
We gave the title person $100. At that point, what is another $100?
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| Posted 7/25/07 6:55 PM |
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cjb88
Little Brother
Member since 5/05 3540 total posts
Name:
C
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Re: Tipping at closing
Posted by LIgrlatheart
tipping peopel at closing!!!
noone told me this... oy
why would we tip the title person? dont they get a bunch of our money already?
someone please shed some light on this for me....
i had no idea either.... we didnt tip... (unless my FIL slipped them something when i wasnt looking)
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| Posted 7/25/07 7:04 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: Tipping at closing
Posted by csorisi
Yes that is correct. Most peopel call it a tip but really it is an attendence fee to the title closer. The title closer does not work for the title company they are independent contractors and the way they make money is by receiving "tips/attendence fee". It is customary to give them an attendence fee. At to how much to give it is up to you it can be anywhere from $75 to $150--it really depends on what you want to give. The title closer assures that your documents are properly recorded and sent the title company in a timely fashion. It is likely that you didn't even know you wrote the check to them, some closer include it on the title bill.
I am a real estate attorney and it is customary in the industry to give a "tip"--even though I don't like calling it that because a tip assumes they are getting paid something and they aren't. The only time I haven't seen an attorney inform their client that they had to give the closer a check is an attorney who doesn't practice real estate.
Well said! It's NOT a tip...it's a fee. Those that "think" they didn't...it was worked in somewhere...they're not going to be there for free.
With that said - we paid ours $150.
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| Posted 7/25/07 8:01 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Tipping at closing
Posted by lorich
Posted by csorisi
Yes that is correct. Most peopel call it a tip but really it is an attendence fee to the title closer. The title closer does not work for the title company they are independent contractors and the way they make money is by receiving "tips/attendence fee". It is customary to give them an attendence fee. At to how much to give it is up to you it can be anywhere from $75 to $150--it really depends on what you want to give. The title closer assures that your documents are properly recorded and sent the title company in a timely fashion. It is likely that you didn't even know you wrote the check to them, some closer include it on the title bill.
I am a real estate attorney and it is customary in the industry to give a "tip"--even though I don't like calling it that because a tip assumes they are getting paid something and they aren't. The only time I haven't seen an attorney inform their client that they had to give the closer a check is an attorney who doesn't practice real estate.
Well said! It's NOT a tip...it's a fee. Those that "think" they didn't...it was worked in somewhere...they're not going to be there for free.
With that said - we paid ours $150.
Thanks. We gave ours either $150 or $175--I can't remember
Message edited 7/25/2007 8:12:31 PM.
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| Posted 7/25/07 8:12 PM |
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quasi3
LIF Adult
Member since 7/07 1764 total posts
Name:
Stacey
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Re: Tipping at closing
we tipped, I mean gave, well you know what i mean i believe $150. Hell, what is one more check we you are bringing that much to the table?
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| Posted 7/25/07 9:50 PM |
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counselor74
LIF Adolescent
Member since 5/07 806 total posts
Name:
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Re: Tipping at closing
I never heard of such a thing!!?? Tipping people at a closing is ridiculous. In fact, our agent gave US a $300 cash gift and champagne.
Message edited 7/25/2007 10:50:09 PM.
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| Posted 7/25/07 10:48 PM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: Tipping at closing
our lawyer said 75 to the title guy
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| Posted 7/26/07 8:20 AM |
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