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Closing Costs in Guaranteed Purchase Contract

B-203413: Apr 13, 1982

A General Services Administration (GSA) employee claimed reimbursement for closing costs paid to a real estate agency pursuant to a guaranteed purchase agreement for sale of the employee's residence in connection with his official transfer. The terms of the agreement required the employee to reimburse the realtor for certain closing costs. Federal regulations provide for reimbursement of brokerage...

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B-203413, APR 13, 1982

B-203413: Apr 13, 1982

WERE PAID BY A TRANSFERRED EMPLOYEE TO A REAL ESTATE AGENCY PURSUANT TO A "GUARANTEED PURCHASE" CONTRACT. SINCE THESE CLOSING COSTS ARE ORDINARILY ALLOWABLE. KEHR - CLOSING COSTS IN "GUARANTEED PURCHASE" CONTRACT: THE ISSUE IN THIS DECISION IS THE ENTITLEMENT OF AN EMPLOYEE TO REIMBURSEMENT FOR CERTAIN CLOSING COSTS PAID TO A REAL ESTATE AGENCY PURSUANT TO A GUARANTEED PURCHASE AGREEMENT FOR SALE...

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