Under RESPA, which of the following acts would be considered illegal?
A) Closing agents giving brokers a percentage of the cost of the title policy
B) Closing agents giving attorneys referral fees
C) A broker taking a closing agent to Hawaii, all expenses paid
D) All of the above
Correct Answer:
Verified
Q8: The federal law that regulates the activities
Q9: The deposit of money, documents, or other
Q10: Closing procedures:
A) are set by state law.
B)
Q11: The closing agent may be:
A) an attorney.
B)
Q12: RESPA applies to:
A) commercial real estate.
B) first
Q14: As part of RESPA, when must lenders
Q15: The federal Truth in Lending Law applies
Q16: In title assurance, what is the main
Q17: What are "back-to-back" closings?
Q18: What is the main difference between a
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