Real Estate Glossary | What is Commitment Fee??

Q: What is Commitment Fee?

A commitment fee is a fee that is paid to a lender in exchange for the lender's commitment to provide a loan at a later date. This fee is typically paid when the borrower is obtaining a mortgage or other type of loan and is used to compensate the lender for the time and resources they will spend processing the loan.

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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

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