While fee splitting between cooperating real estate brokers is permitted, RESPA explicitly prohibits such actions as rebating part of the title insurance premium to the lender who recommended or required the title insurance. These unearned fees are commonly referred to as:
A) commissions
B) kickbacks
C) damages
D) specific performance dues
Correct Answer:
Verified
Q1: When a buyer signs an offer to
Q2: The distinction between legal title and equitable
Q4: If property owners fail to pay their
Q5: In general, most contracts - including a
Q6: Placed under the umbrella of the Consumer
Q7: Contracts for sale may contain sections that
Q8: Since the issues in many transactions are
Q9: While the principal parties to a transaction
Q10: At the closing, the buyer will be
Q11: In accordance with RESPA, whenever a buyer
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