New Home Purchase

My contract reflects a builder's fee of 1.5%.
What is this fee for ??

I have no idea.

Ask the Realtor or the sales agent/broker for the developer or builder.
Any and all fees should be explained to you in as much detail as you deem necessary.

You shouldn't even have to ask, it should be a matter of routine by the sales agent. Sheeesh!

Good luck,