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A local insurance salesperson wanted to make a lot of sales. He contacted all of his friends who were sales associates and told them that
A local insurance salesperson wanted to make a lot of sales. He contacted all of his friends who were sales associates and told them that if they got their buyers to buy insurance from him, he would give the real estate sales associates cash at the end of each quarter. What best describes the situation?
The real estate licensee and the insurance salesperson are violating the Truth in Lending Act.
The payments are legal because they are made in cash.
The insurance man is simply networking and enlarging his business.
This is in violation of RESPA
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