Multiple Choice
While fee splitting between cooperating real estate brokers is permitted, RESPA explicitly prohibits such actions as rebating part of the title insurance premium to the lender who recommended or required the title insurance. These unearned fees are commonly referred to as:
A) commissions
B) kickbacks
C) damages
D) specific performance dues
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Placed under the umbrella of the Consumer
Q7: Suppose that you decide to purchase a
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Q9: Any contract, whether it is for the
Q10: Both parties to a valid and enforceable
Q12: While the principal parties to a transaction
Q13: The final step in a real estate
Q14: While many closings are conducted as a
Q15: When the seller in a contract for
Q16: The distinction between legal title and equitable