Finance
Under RESPA (Real Estate Settlement Procedures Act), kickbacks between settlement service providers are:
AAllowed if disclosed to the buyer
BProhibited✓ Correct
CAllowed up to $500 per transaction
DAllowed if both parties consent in writing
Explanation
RESPA prohibits kickbacks and unearned fees between settlement service providers (e.g., between a title company and a mortgage broker). Such arrangements inflate consumer costs and are illegal.
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