Private transfer taxes are a troubling development in real property law that allows for private parties to impose real estate transfer taxes or fees on the sale of real property. Private transfer taxes are similar to the real estate transfer tax, except that it is a private party that collects the fee upon every single sale of a particular home, rather than a governmental entity.
At its most basic elements, the imposition of private transfer fee allows a third party to collect a fee upon every purchase of a particular property, calculated as a percentage of the sale price far into the future. While the legality and enforceability of this approach is the topic of much debate, South Carolina REALTORS® are seeking to proactively protect South Carolina consumers through legislation prohibiting the imposition of new private transfer taxes or fees. Five states (TX, MO, FL, OR, and CA) have already passed bills into law that prohibit private transfer fees, and several other states have pending legislation. In passing similar legislation, South Carolina has the opportunity to be at the forefront in protecting consumers from what is a new invention in property law. This is a common-sense and consumer-friendly proposal
http://www.843realtor.com/The-Farm-Carolina-Forest-Real-Estate.html
