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#2258330 - 08/17/21 08:55 PM Advertisement to Realtor - Section 8
mnbanker09 Offline
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Joined: Jan 2018
Posts: 95
Is sending bank advertisements (home mortgage related) to local realtors a violation of RESPA?

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RESPA
#2258341 - 08/17/21 10:32 PM Re: Advertisement to Realtor - Section 8 mnbanker09
Inspector Offline
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Joined: Apr 2016
Posts: 250
Advertisements for the realtors to hand out? Or just sending them the same ads you send to other customers? Either way probably not unless you are paying them to hand things out.
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Opinions expressed are my own and do not reflect legal advice or the opinions of my employer.

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#2258390 - 08/18/21 09:48 PM Re: Advertisement to Realtor - Section 8 mnbanker09
mnbanker09 Offline
Member
Joined: Jan 2018
Posts: 95
It is an advertisement that could be provided in a newspaper or general public; however the delivery is a flyer directed to the realtors. The purpose is to gain business (referrals) from the realtors.

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#2258403 - 08/19/21 02:29 PM Re: Advertisement to Realtor - Section 8 mnbanker09
Inspector Offline
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Joined: Apr 2016
Posts: 250
If it is just an advertisement saying here are our rates or we do stuff good then it wouldn't be an issue to me. The advertisement by itself isn't going to be a thing of value.
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Opinions expressed are my own and do not reflect legal advice or the opinions of my employer.

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