Hogan School of Real Estate

I received an email from Michelle Lind, General Council to the Arizona Association of REALTORS, that included information about a federal court ruling that declared a brokerage firm’s $149 administrative brokerage fee to be a RESPA violation. Her email stated: “A federal district court recently ruled that an administrative brokerage fee was not sufficiently related…

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Section 8 of the Real Estate Settlement and Procedures Act (RESPA) prohibits settlement service providers from receiving kickbacks, unearned fees or a “thing of value” from another settlement service provider. For example, if a title company gave a computer to a real estate salesperson or a mortgage company paid for a real estate broker’s advertising,…

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