Lately, I've reviewed a number of timeshare sales contracts and to my dismay, discovered that developers were charging and consumers were paying "closing costs" when there was no real estate involved.
Here is how Wikipedia defines closing costs:
Closing costs are fees paid at the closing of a real estate transaction. This point in time called the closing is when the title to the property is conveyed (transferred) to the buyer. Closing costs are incurred by either the buyer or the seller.
Pretty straightforward to me.
Later in the document are examples of what can be included in closing costs. I found these three particularly interesting: