header bg

Scan QR code or get instant email to install app

Question:

A real estate broker sends all of their title business to Wonderful Title Co. In appreciation of the business, the title company pays the broker $10 for each transaction. According to the Real Estate Settlement Procedures Act (RESPA), this practice is ____

A forbidden.
explanation

The Real Estate Settlement Procedures Act (RESPA) explicitly protects consumers from kickbacks and uncompetitive or duplicated fees.

Related Information

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

*