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  Inman On Tour Texas is around the corner! Track your market with 2 new tools 2025 property events calendar TikTok (not HGTV) boosted this biz Must-know kickback rules 5 texts to send out today
  
  What every realty pro ought to know about kickback rules
  
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  RESPA is the most significant party nasty in property. Compliance expert Summer Goralik discusses the guidelines and stresses that anything less than full compliance can be a career-ending error.
  
  Quick Read
  
  - The Property Settlement Procedures Act (RESPA), imposed by the Consumer Financial Protection Bureau (CFPB), prohibits kickbacks and referral fees in residential realty transactions including federally associated mortgage loans. It’s created to secure customers and promote settlement openness.
• Exemptions to RESPA include authentic payments for actual services, cooperative brokerage recommendations within licensed capability and disclosed associated company arrangements, which permit ownership returns but no referral fees.
• RESPA offenses include undisclosed referrals with presents, payments tied to referrals, and guiding customers to favored suppliers, running the risk of fines, license loss, and reputational damage.
• Compliance requires clear disclosures, adherence to state and federal laws, preventing compensated referrals and comprehensive documents.
  
  In the high-pressure world of realty sales, every agent quickly finds out the timeless saying: “Always be closing.” It’s the lifeblood of the service, right? The deal, the commission, the win.
  
  If you have actually ever seen Glengarry Glen Ross, a traditional dark comedy drama, you know how brutally honest and unforgiving the sales video game can be. The movie’s legendary line, “Coffee’s for closers,” is less about caffeine, obviously, and more about success: Who makes it and who doesn’t.
  
  But there’s another mantra every real estate specialist must live by, one that’s far less memorable or popular however a lot more crucial in the long run: Always be complying. (Did I simply coin that?)
  
  And when it comes to the Real Estate Settlement Procedures Act (RESPA), compliance may be the most crucial closing method a specialist can embrace. Without it, it’s not simply dangerous organization