Certified Relocation Professional (CRP) Practice Exam

Which component is not typically included in the ERC Home Sale program costs?

1. Disposition selling costs

2. Temporary living costs

3. Acquisition carrying costs

4. Legal fees

The correct answer is: Legal fees

In the context of the ERC Home Sale program, legal fees are not typically included as part of the program costs. The ERC Home Sale program primarily focuses on facilitating the sale of an employee’s home and usually encompasses costs associated with the transaction itself, such as disposition selling costs, temporary living costs, and acquisition carrying costs. Disposition selling costs refer to expenses directly related to selling the home, such as real estate commissions and marketing costs. Temporary living costs might arise for employees who need to find interim housing while transitioning from one location to another, which is often part of relocation services. Acquisition carrying costs are associated with holding the property during the home sale process, which can include mortgage payments, utilities, and maintenance expenses. Legal fees, on the other hand, while they may arise during real estate transactions, are considered separate and are usually seen as a personal expense for the employee, rather than a cost absorbed by the ERC Home Sale program. As such, these fees are not a standard part of the program’s covered expenses, making them the correct answer to the question.