Ralph Watkins is a real estate attorney who owns 10% of United Escrow. Ralph refers all of his real estate clients to United for their closings. Which of the following statements is correct?
A) Ralph has violated RESPA because there is a kickback.
B) Ralph is not subject to RESPA because he is an attorney, not a real estate broker.
C) Ralph can make the referral, but must disclose his ownership interest in United.
D) Ralph is not subject to RESPA requirements as an attorney.
Correct Answer:
Verified
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