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The seller has required that the buyer must use his title insurance company. The seller has been told that if the buyer uses the title
The seller has required that the buyer must use his title insurance company. The seller has been told that if the buyer uses the title company, they will pay part of his real estate commissions, increasing his net proceeds from the sale, Is this a legally permissible agreement?
A. This is illegal according to RESPA
B. This illegal according to Regulation Z
C. This is permissible if the buyer was receiving a VA loan
D. This is permissible if no fee is paid directly to the seller
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