Sentences with phrase «particular real estate settlement service»

HUD argued that this practice violated Section 8 (a) of RESPA, which prohibits company from receiving anything of value in exchange for referring a client to a particular real estate settlement service.

Not exact matches

In particular, Morrill wants to see NAR continue its lead role in advancing reform of the federal Real Estate Settlement Procedures Act, which governs the payment of referral fees among settlement service providers in a real estate transaction and includes rules that have hampered widespread development of one - stop shoppReal Estate Settlement Procedures Act, which governs the payment of referral fees among settlement service providers in a real estate transaction and includes rules that have hampered widespread development of one - stop shoEstate Settlement Procedures Act, which governs the payment of referral fees among settlement service providers in a real estate transaction and includes rules that have hampered widespread development of one - stopSettlement Procedures Act, which governs the payment of referral fees among settlement service providers in a real estate transaction and includes rules that have hampered widespread development of one - stopsettlement service providers in a real estate transaction and includes rules that have hampered widespread development of one - stop shoppreal estate transaction and includes rules that have hampered widespread development of one - stop shoestate transaction and includes rules that have hampered widespread development of one - stop shopping.

Among other things, the Real Estate Settlement Procedures Act prohibits brokers and agents from exploiting consumers» reliance on these recommendations by accepting payments or kickbacks in return for referrals to particular service providers.