RESPA, the Real Estate Settlement Procedures Act, was passed to address abusive practices such as kickbacks or referral fees that can result in higher costs to the home buyer. However, as a lawyer with RESPA experience, buyers of real estate need to be warned that there are still a great many people trying to get around the RESPA rules to siphon off commission fees for their own profit. This article examines some of the most important RESPA rules and what to look out for when buying and selling real estate.
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