Multiple Choice
Which of the following would not be legal conduct by an escrow agent toward a real estate agent who brought a commercial property closing to her agency?
A) Two seats to a Lakers game
B) A subscription to Architectural Digest
C) A thank-you note asking the agent to bring all of his residential closings to the escrow agent in exchange for a percentage payment of the escrow fees
D) A $25 Barnes and Noble gift card
Correct Answer:
Verified
Correct Answer:
Verified
Q16: RESPA is applicable to home improvement loans.
Q17: Escrow instructions are a contract between buyer,
Q18: Thomas Gilbert is an employee at Hazard
Q19: Thompson Developers, Inc. was selling a piece
Q20: What agency is responsible for enforcement of
Q22: A valid escrow requires the use of
Q23: For what period of time must the
Q24: For an escrow to be created, the
Q25: RESPA prohibits accepting kickbacks for business referrals.
Q26: Lowy was to purchase an apartment building