David Saks: July 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3503

RESPA

dogs

We all know that RESPA prohibits the payment of anything considered a kickback.

I suppose a kickback could be considered anything which is an unearned fee for any real estate settlement service as well.

Basically, if no service is rendered there can't be any fee provided. 'Who actually performs the service' is the real question were looking to answer. In general, the payment for anything of value for a referral for settlement of any services provided by the entity providing the service such as an attorney, a surveyor, a title company or title searcher, a mortgage broker or lender, or an appraiser would be prohibited under RESPA.

What are your experiences with RESPA ?




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • July 14 2014 09:03PM
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