A great quick reference tool that provides examples of what the Real Estate Settlement Procedures Act (RESPA) allows and prohibits to help licensees better understand and comply with the Act. RESPA is a consumer disclosure and anti-kickback statute designed to inform consumers of their settlement costs and to prohibit kickbacks that can increase the cost of obtaining a mortgage. Real estate licensees must comply with RESPA; violators may receive harsh penalties, including triple damages, fines and even imprisonment.
DISCLAIMER: This product does not provide all-inclusive information and examples about RESPA; small variations in the facts can lead to different outcomes. This product also does not take into consideration any additional regulations that may have been imposed in your state. Consult a lawyer familiar with RESPA for specific advice.
This eProduct will be delivered immediately after order to your My Account, Digital Download section, of the REALTOR Store. You will not receive anything physically.