referral fee for a mortgage a violation of RESPA?
June 13, 2006 by Don Murray
Larry writes:
The way your article is written it appears you are writing about a mortgage referral. Isn't giving a referral fee for a mortgage a violation of RESPA?
The way your article is written it appears you are writing about a mortgage referral. Isn't giving a referral fee for a mortgage a violation of RESPA?
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Hello Larry:
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Thanks for your comments.
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The answer to your question is no."? We never get refferals for mortgage."? All of our agents are Realtors that write mortgages."? We do give real estate commission rebates at times, but never refferal fees for mortgage and we never collect refferal fees for mortgage."? We do however often collect 25% referral fees for real estate brokerage, but never for mortgage.
Thanks -- and -- Always Remember I Can Help You
Don""""
Don Murray""""'California First Financial -- Serving All of California
Financial Planning, Real Estate Brokerage and Mortgage Loans""""
DonMurray@CalFirstFinancial.com
www.CalFirstFinancial.com""""""""949-413-2240 -- Phone'949-203-6355 -- Fax""""
""""""""-- We Make Our Clients Wealthy"?
















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