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The document is an Oregon Advance Fee Agreement provided by R M K Financial Corp, detailing the fees that mortgage loan applicants must pay in advance when applying for a mortgage. It outlines specific fees such as application, appraisal, and credit report fees, along with their refundability terms. The agreement emphasizes that certain fees become nonrefundable once specific services are ordered and includes contact information for the financial institution.

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What is the meaning of advance fee?

How to protect against Advance Fee Scams Be skeptical of unsolicited offers. Always verify the source. Never pay upfront fees. Research the individual or business. Dont overshare personal information. Report scams. Use scam detection tools.

What is an advance fee listing in real estate?

A fee charged by a broker to a seller to cover all or a portion of the brokers costs of promoting the property. The fee is generally credited against commissions but is not refunded if no commissions are received.

What is an advanced fee agreement?

Under an Advanced Fee Agreement, the broker pledges to meet a specific deadline date for delivery and completion of any services the client paid for. For example, if there is an appraisal fee that needs to be paid, the agreement must include the date by which the broker will pay for the service.

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