broker fees

[Danikai]

what are the maximum broker fees for Nevada, Oklahoma, and Florida? Also, is there a site that lists maximum fees for all states?

 

[bigun]

If by fees, you mean brokerage commissions, there arre no legal maximums or miniums. Commissions are negoiable with all firms though most firms have a minium transaction charge. As a general rule, you ought not to be chraged more than 3% of the principle involved in a transaction. Unless, there is a minimum commission charged for very small orders. Most places $35 to $50 on trades under a $1000.

 

[Danikai]

Actually, some states do impose limits. For example, Kentucky and Georga have an 8% of loan amount limit. South Carolina has a limit of >10%. Usually brokers don't charge this much, but in the instance of it occuring, I need to know if there is a limit in those states or not.