Which of the following is NOT a typical component of closing costs?

Homeowner's association fees are typically not considered a component of closing costs because they relate to the ongoing expenses associated with living in a community governed by an HOA, rather than costs incurred at the time of closing on a property.

Closing costs generally encompass a range of fees that buyers and sellers must pay to complete a real estate transaction, which are usually due at the time of closing. Loan processing fees cover the lender's costs to process the mortgage application. Title insurance fees are necessary to protect against defects in the title and ensure the buyer receives a clear title to the property. Broker fees represent the commissions paid to real estate agents who facilitated the transaction, which are also typically settled during the closing process.

Therefore, among the options listed, homeowner's association fees stand out as more related to property ownership rather than a direct cost associated with the closing of a real estate transaction.