Answer:
Referrals in residential real estate cause all sorts of troubles under RESPA. It's not a good idea.
First published on BankersOnline.com 10/17/2005
All on Board the Referral Train
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Question:
I am a loan officer in at a mortgage broker office. Can I mail cards to my sphere of influence offering 2 tickets on the Napa Valley Wine Train for referring 2 parties to me that result in closed loans? Is that legal?
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