Which of the following is included in cost recovery fees?

Cost recovery fees encompass a range of expenses associated with processing and managing various transactions or obligations. This includes processing fees, which are charges for the administrative work needed to handle applications or services; administrative costs, which cover the general overhead and operational expenses incurred in managing a property or conducting business; and collection expenses, which are the costs associated with collecting payments or managing defaults.

Including all these elements under the umbrella of cost recovery fees provides a comprehensive view of what it takes to maintain effective oversight and operation within the real estate sector, particularly in California. Each type of fee contributes to the overall costs incurred by property managers, agencies, or municipalities, ensuring that they can recover those costs through appropriate channels. By acknowledging all of these components as part of cost recovery, stakeholders can understand the financial implications of real estate management and transactions more clearly.