Just recently a new law was passed SB133. This law was made so that title companies can no longer provide services to real estate agents in exchange for business. Only services related to tile and escrow can be provided to agents. Some title companies in the past were treading a fine line with some services that have always been in violation of RESPA. Many were caught and had large penalties to pay. Most violations had to do with giving agents referral fees or brokerages money under the table. HUD has finally come down hard and that is why this bill was put forth.
For all your real estate needs contact:
Jean Powers CRS, ASP, e-PRO, PMN
Kane & Associates
510.908.9002 cell/text
Homes@JeanPowers.com
www.JeanPowers.net