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Updated about 9 years ago, 09/11/2015

User Stats

92
Posts
24
Votes
Joe Calderon
  • Miami, FL
24
Votes |
92
Posts

Section 8 RESPA: "Anyone"?

Joe Calderon
  • Miami, FL
Posted

"Section 8 of RESPA prohibits anyone from giving or accepting a fee, kickback or anything of value in exchange for referrals of settlement service business involving a federally related mortgage loan. In addition, RESPA prohibits fee splitting and receiving unearned fees for services not actually performed."

When they mean anyone, I'm guessing agents as well. But there's a website (http://www.realtor.com/news/ask-a-realtor/to-what-unlicensed-third-parties-are-licensees-allowed-to-pay-commission/) that states that brokers and licensed realtors may actually charge referral fees. Who is right?

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