I am interested in your thoughts on hosting a "Realtor Days" at a bank branch and if you consider it a RESPA risk?
Our LO would like to host a "Realtor Days" in the branch which includes inviting a local realtor or realtors (I believe limited number) into the branch to educate or consult with customers and potentially non-customers about the current market. There is a promotional flyer which I believe we would need to consider fair share between the agents and bank. However, if we are not charging the realtor for the space do you feel it could potentially be violating RESPA?
If you think it is potentially a violation, if we allowed any interested realtor to participate does that change anything? Meaning bank sponsors total event and opens to all realtors and public.
I have seen other banks promote these events but not exactly sure how they are set up.
Thanks,
JG