Finance
In New York, RESPA Section 9 prohibits sellers from:
AAccepting any concessions at closing
BRequiring buyers to use a specific title company as a condition of sale✓ Correct
CSelling to buyers who use FHA financing
DAccepting earnest money deposits
Explanation
RESPA Section 9 prohibits sellers from requiring buyers, as a condition of the sale, to purchase title insurance from a particular company selected by the seller. Buyers have the right to choose their own title insurer.
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