RESPA Do’s and Don’ts for MSAs

SKU:

126-123

Author:

NAR

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A great quick reference tool that provides examples of what the Real Estate Settlement Procedures Act (RESPA) allows and prohibits in marketing services agreements (MSAs) to help licensees better understand and comply with the Act. RESPA is a consumer disclosure and anti-kickback statute designed to inform consumers of their settlement costs and to prohibit kickbacks that can increase the cost of obtaining a mortgage. Real estate licensees and brokers must comply with RESPA; violators may receive harsh penalties, including triple damages, fines and even imprisonment.

DISCLAIMER: The DO’s and DON’Ts listed here are not all-inclusive and small variations in the facts can lead to different outcomes. They also do not take into consideration any additional regulations that may have been imposed in your state, which may prohibit activities that are permissible under RESPA. Speak with a RESPA attorney to make sure you comply with all applicable laws.

Physical version sold in packages of 25

For the Digital Download version. This download will be delivered immediately (upon checkout) after order to your My Account, Digital Download section, of the the REALTOR® Store. You will not receive anything physically.
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A great quick reference tool that provides examples of what the Real Estate Settlement Procedures Act (RESPA) allows and prohibits in marketing services agreements (MSAs) to help licensees better understand and comply with the Act. RESPA is a consumer disclosure and anti-kickback statute designed to inform consumers of their settlement costs and to prohibit kickbacks that can increase the cost of obtaining a mortgage. Real estate licensees and brokers must comply with RESPA; violators may receive harsh penalties, including triple damages, fines and even imprisonment.

DISCLAIMER: The DO’s and DON’Ts listed here are not all-inclusive and small variations in the facts can lead to different outcomes. They also do not take into consideration any additional regulations that may have been imposed in your state, which may prohibit activities that are permissible under RESPA. Speak with a RESPA attorney to make sure you comply with all applicable laws.

Physical version sold in packages of 25

For the Digital Download version. This download will be delivered immediately (upon checkout) after order to your My Account, Digital Download section, of the the REALTOR® Store. You will not receive anything physically.