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Be wary of appraisers bearing gifts

Answered by: 

Does Section 8 prevent us from accepting Christmas gift from providers such as appraisers and title companies?

Gifts are a concern, and not only during the holiday season. The recently issued FAQs allow allows “normal promotional and educational activities” directed to a referral source if the activities meet two conditions:

The activities are not conditioned on referral of business; and
The activities do not involve defraying expenses that otherwise would be incurred by the referral source.


Learn more about Jack Holzknecht’s RESPA – Section 8 Unearned Fees and Kickbacks Violations webinar.

First published on 11/22/2020

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