Escrow & Title
Under RESPA, which of the following is prohibited?
AA lender collecting an application fee
BA broker receiving a referral fee from a title company for sending business✓ Correct
CAn attorney charging for title examination services
DA lender requiring an appraisal
Explanation
RESPA (Real Estate Settlement Procedures Act) prohibits kickbacks and unearned fees — including referral fees between settlement service providers, such as a broker receiving payment from a title company solely for referring business.
Related Rhode Island Escrow & Title Questions
- The process of 'closing' a real estate transaction in Rhode Island involves:
- In Rhode Island, what is the purpose of a 'final walk-through' before closing?
- In Rhode Island, recording a deed in the land records serves to provide:
- What is a 'cloud on title' in Rhode Island?
- In Rhode Island, 'tenancy in common' as a form of property ownership means each co-owner:
- In Rhode Island, the grantee's name in a deed should be:
- A title search in Rhode Island examines:
- A title insurance commitment (binder) issued before closing describes:
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →