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Sports tickets are ‘things of value’

Question: 
Can we provide football tickets to local realtors?
Answer: 

Sports tickets have been the subject of prior enforcement actions. The tickets are a "thing". Section 1024.14(b) states, "No person shall give and no person shall accept any fee, kickback or other thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or part of a settlement service involving a federally related mortgage loan shall be referred to any person. "
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Learn more about Jack Holzknecht webinar Understanding RESPA Section 8 Violations

First published on 12/15/2019

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