Federal Mortgage LawsQuestion 75 of 400
Which payment is generally permitted under RESPA Section 8?
a.A gift card to a real estate agent for sending a buyer
b.A payment to an appraiser for an appraisal actually performed at market value
c.A fee split with a broker who did no work
d.A finder's fee for a referral
Explanation
RESPA Section 8(c) permits payments for goods or facilities actually furnished or services actually performed, as long as the payment bears a reasonable relationship to market value. Paying an appraiser for a real appraisal is legitimate. Gifts, finder's fees, and split fees for referrals with no work performed are prohibited kickbacks.
Law Reference: Real Estate Settlement Procedures Act (RESPA Section 8)Practice all 400 questions free — no signup required.
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