Following RESPA Rules – Warning Notice from the NAR

Well, it’s finally happened!

And, it’s taken the National Association of Realtors a while to finally realize that RESPA is a real honest-to-goodness rule that affects THEM too.

So, here’s what they did. NAR issued a memo called “Following the RESPA Rules: Dos and Don’ts for Real Estate Brokers and Agents.”

I am sharing this with you so you can:

  • Post a link to the article on your social media pages
  • Copy and paste the entire article and email to your real estate agents (“I thought this article might be of interest to you”)
  • Send to agents who ask you to pay them to do business with you
  • Send to agents who you know are being paid by other mortgage companies to refer business
  • Send to loan officers who are paying real estate agents for referrals.

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