MBA CMB Practice Questions - Certified Mortgage Banker (Residential) Exam

Under RESPA Section 8, which of the following arrangements is prohibited?

A referral fee paid to a real estate agent for sending a borrower to a specific lender An affiliated business arrangement with proper disclosure A bona fide salary paid to a loan officer A volume discount earned from a title insurer based on actual services performed

Correct Answer:

A referral fee paid to a real estate agent for sending a borrower to a specific lender

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