The credit report will be charged to the...

The credit report is typically charged to the buyer as part of the process of obtaining financing for purchasing a property. When a buyer applies for a mortgage, the lender needs to assess their creditworthiness, and this process includes reviewing the buyer's credit report. The lender contracts with a credit reporting agency to obtain this information, and the costs associated with this report are generally factored into the closing costs that the buyer is responsible for. This responsibility aligns with the buyer's interest in providing the lender with the necessary financial information to secure a mortgage, reflecting a standard practice in real estate transactions where the buyer is directly affected by their credit history in relation to loan approval.

In contrast, other parties such as the broker, seller, or lender typically do not incur the cost of the credit report directly associated with the buyer’s loan application. The broker may receive compensation related to the transaction but is not charged for the buyer's credit report, while the seller has no direct financial interest in the buyer's creditworthiness as it pertains to securing financing for the sale. The lender, while initiating the request for the report, passes on the cost to the buyer, making the buyer ultimately responsible for this charge.