Buyers are not permitted to use a builder's title company under RESPA.

Name: Buyers are not permitted to use a builder's title company under RESPA.
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Question

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Under the Real Estate Settlement Procedures Act (RESPA), buyers are not required to use the builder's title company and can choose their own title company for closing services. RESPA aims to protect consumers by prohibiting kickbacks and referral fees that could increase the cost of settlement services.

Buyers Are Not Permitted to Use a Builder's Title Company