Please read below if you or your brokerage receives anything of value from a lender where there are buyer referrals to that lender (e.g., quid pro quo) to learn of federal laws risks from the federal RESPA (settlement laws) and the federal CFPB (consumer financial protection bureau).

https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/real-estate-settlement-procedures-act/

https://www.consumerfinance.gov/rules-policy/regulations/1024/14/

https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/

https://www.huschblackwell.com/newsandinsights/respa-revival-cfpb-sets-their-sights-on-illegal-kickbacks

https://doeren.com/viewpoint/cfpb-issues-respa-kickback-penalty

https://www.consumerfinance.gov/about-us/newsroom/cfpb-penalizes-freedom-mortgage-and-realty-connect-for-illegal-kickbacks/

This information is only accurate as of 2/11/25. You must contact SCR for updates and changes to this information after 2/11/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.