Question
What is a kickback? Rocket Realty runs an affiliated title company called Rocket Escrow.Which, if any, of the following actions would violate RESPA's prohibition against
What is a kickback?
Rocket Realty runs an affiliated title company called Rocket Escrow.Which, if any, of the following actions would violate RESPA's prohibition against kickbacks?Why?
1. Rocket Realty places "Agent of the Month" ads in local newspapers, promoting the agents who referred the most business to Rocket Escrow (at no cost to the agents).
2. Rocket Realty gives baseball tickets to the agents who referred the most business to RocketEscrow.
3. Rocket Escrow pays inflated meeting room rental rates to a mortgage bank that referred escrow business to Rocket Escrow.
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