Topic : RESPA Updates
What Can You Give for A Referral?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Can you ever give something of value as a reward for referring business? Dr. Lacefield provides a reminder that RESPA prohibits service providers from giving anything of […]
Advertising: What Can Be
Considered A Violation?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, When it comes to advertising, what can be considered a violation? Dr. Lacefield discusses the problems with co-marketing, particularly when a vendor’s investment isn’t equal to their […]
Is It Always Okay For An Agent
To Originate A Conventional Loan?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Isn’t it okay for a real estate agent to originate a conventional loan? Not if a Hud loan would have better served the borrowers and they were […]
Can An Agent Serve As Loan Originator
On A HUD Loan?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Can a real estate agent also serve as the loan originator on a HUD loan? In a word, “No.” Dr. Lacefield explains why HUD doesn’t allow […]
Use My Title Company or Else
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, I just closed a loan where my customer bought a foreclosure through an REO company who handles properties for various banks and mortgage companies. We were set […]
Paying for Leads
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, Can I pay a 3rd party for leads? I’m told it’s not allowed yet there are a few places where leads can be purchased. What’s the real […]
The Fee Chart
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, “Regarding the fee chart - How to I prove what the agent did to earn the fee? Does the fee chart apply only to agents or […]
Paying for Your Agent’s Advertisements
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question comes from a viewer in Orlando: “As a broker, can I pay for my agent’s ads - real estate or loans?” View the RESPANewsUpdate.com video here. This educational video […]
Splitting Commissions
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question comes from a viewer in Baltimore: “If you have a real estate agent and a mortgage broker working for the same firm and on the same deal, can […]
Brokers Who Pay Fees
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question is, “What happens when one of my brokers pays finders fees out of their pocket?” Find out how what you don’t know may hurt you on this episode. View […]