Knowledebase Tag: RESPA
- Who gets to pick the title company that will issue the owner policy of title insurance?
- Why does this practice not constitute payment of an illegal kickback and therefore violate RESPA?
- What about programs that offer to pay a real estate agent for names of potential borrowers?
- Some programs offer to make real estate agents part-time employees of the lender. How does this work and is it legal?
- I keep hearing about new RESPA rules that allow real estate agents to sell a buyer a home and earn a loan-origination fee from the lender. Others claim that their programs have been blessed by HUD. What are these new rules and have lenders received HUD approval for these programs?
- Even if I do not perform the requisite number of functions to be considered a mortgage broker or do not become a true part-time employee of the lender, can I still be paid something for the work I perform for the lender?
- Can a lender advertise on my website?
