Podcasts about real estate settlement procedures act

Episode 088 - Real Estate Exam Questions 42 Going through state exam questions to help real estate students pass their state exam.   01:26 – Our website messaging is not clear. Free stuff versus paid stuff. 03:57 – Are test questions different than real estate class questions? Yes. Instructors are not teaching an exam. 7:18 – Do you need to have prior relationships to be a successful real estate agent? No. 10:10 – List of recent grads: Valerie, Terrell, Shayla, Christina, Justin, Ann, Scott, Stephanie, Erin, Quelin, Kathy, Christopher, Eric, Jennifer, Jean, Krist, Diana, Moira, Michaela, Hayden, Sally, Belinda, Alexis, Gavin, Cole, Lori, Leslie, Roxy, Randy, Julie, Abbey, Leticia, Jessica, Taylor, and Shayla. 11:28 – Messages from Terrell & Shayla about what they did to pass the exam. 14:30 – Difference in terms: broker, principal broker, managing, broker, licensee, and associate agent. Listing agent versus selling agent. 19:43 – Difference between accretion and reliction. Accretion is more land is deposited. Reliction is water is less, so it exposes more land. 22:24 – Is it misrepresentation if a photo is digitally altered? Maybe. 24:18 – Listing agent knows of defects such as asbestos on the property. What should they do? Disclose to all potential buyers. 27:36 – What does the lead-based paint addendum require? Does not require removal of lead paint. 30:25 – What Federal act ensures a borrower is knowledgeable of all closing costs? RESPA, Real Estate Settlement Procedures Act. 32:03 – What should a listing agent do when pricing a listing? Complete a CMA, comparable market analysis. 34:07 – Rental rates are best determined by what? Supply and demand. 36:12 – An advantage of PMI (Private Mortgage Insurance)? The buyer can purchase a higher priced home. 39:16 – What is blockbusting and are “hippies” a protected class in Federal Fair Housing rules? 43:15 – Favor, please give us shout outs and spread the word about us on other social media sites. 44:50 – Go to www.ahareep.com , sign up for the program for only $35, use discount code: legend15 to save 15% off.   A-Ha LINKS   Email info@ahareep.com   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

We discuss how lead generation works, the roles of the various players in the lead generation marketplace, the key regulatory risks arising under the Fair Credit Reporting Act, Telephone Consumer Protection Act, and Telemarketing Sales Rule, FTC enforcement cases, and CFPB supervisory concerns. We also discuss the impact of the Real Estate Settlement Procedures Act's referral fee prohibition and fair lending/fair housing laws on lead generation involving mortgage-related services and state licensing issues triggered by lead generation. Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation joined by Matthew Morr, Richard Andreano, and John Socknat, partners in the firm's Consumer Financial Services Group.

For this episode of Houses in Motion, a podcast miniseries that is part of HousingWire Daily, we spoke with Holly Spencer Bunting, who is a compliance attorney at Mayer Brown where she represents mortgage companies. She shares a detailed guide to understanding RESPA, its history, and its current importance amid a surge of new joint ventures. 

This week, Virginia REALTORS®’s legal team takes another look at the Real Estate Settlement Procedures Act, or RESPA, by focusing on co-marketing agreements. Erin and Jon discuss what exactly co-marketing agreements are and how RESPA treats these types of agreements. They answer some legal hotline questions, such as “I have a co-marketing agreement with a settlement company. I typically pay for all the marketing and have the settlement company reimburse me for half, but it varies depending on the number of referrals that we receive from the settlement company. Is this problematic?” Finally, Erin and Jon review some ways to limit your risk when engaging in co-marketing agreements.

Virginia REALTORS®’s legal team discusses the Real Estate Settlement Procedures Act, or RESPA. Cate and Laura review the main provisions of RESPA, and discuss how it is applicable to brokers and real estate licensees. They answer some legal hotline questions, such as “I am going to host an open house for other agents. A local title company wants to reimburse me for the cost of food but does not want to do any marketing at the event. Would this be okay because I am not promoting the title company?” Finally, Cate and Laura review some ways to limit your risk to ensure that you do not violate any provisions of RESPA.

Buying a home? Click here to perform a full home searchSelling a home? Click here for a FREE Home Value ReportToday I have Rick Pantoga with me, my local mortgage lending expert here in Chicago. He's going to be explaining some important changes that the real estate market will be experiencing this year. He's been in the business for 29 years, so he's seen both the good and the bad.On October 3rd of this year, the real estate market saw some big changes. What exactly happened?It's because of the recent changes that came to the TILA-RESPA Integrated Disclosure (TRID), and this will affect everyone involved in real estate, from consumers to Realtors to lenders. The Consumer Financial Protection Bureau (CFPB) issued a final rule amending regulations the Truth in Lending Act as well as the Real Estate Settlement Procedures Act.So, what does this mean for you? The TILA-RESPA rule consolidates four disclosures for closed and credit transactions secured by real property into two different forms.One of these forms is a loan estimate that must be delivered or placed in the mail no later than the 3rd business day after receiving the consumer's application. A closing disclosure must be provided to the consumer at least three business days prior to consummation.These new disclosures must be provided by a creditor or mortgage banker that receives an application from a consumer for a closed end credit transaction.The TILA-RESPA rule includes some new restrictions on certain activity prior to consumers receiving the loan estimate. These restrictions include imposing fees on a consumer before the consumer has received the loan estimate, or requiring submission of documents verifying information related to the consumer's application before providing the loan estimate.Please don't hesitate to contact us with any questions about this issue. We understand that it may seem a little confusing or overwhelming. We would be happy to clear up any misconceptions that you may have!

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Looking for More Information? Search All Our Informational Flyers and e-BooksWould You Like an Estimated Quote? Put Our Title Rate Calculators to UseThe real estate market has been seeing some big changes lately. Why is this?It's because of changes to the TILA-RESPA Integrated Disclosure (TRID), and this will affect everyone involved in real estate, from consumers to Realtors to lenders. The Consumer Financial Protection Bureau (CFPB) issued a final rule amending regulations to the Truth in Lending Act as well as the Real Estate Settlement Procedures Act.So, what does this mean for you? The TILA-RESPA rule consolidates four disclosures for closed and credit transactions secured by real property into two different forms.One of these forms is a loan estimate that must be delivered or placed in the mail no later than the 3rd business day after receiving the consumer's application. A closing disclosure must be provided to the consumer at least three business days prior to consummation.These new disclosures must be provided by a creditor or mortgage banker that receives an application from a consumer for a closed-end credit transaction.The TILA-RESPA rule includes some new restrictions on certain activity prior to consumers receiving the loan estimate. These restrictions took effect on August 1, 2015 regardless of whether an application was received on that date. These restrictions include imposing fees on a consumer before the consumer has received the loan estimate, or requiring submission of documents verifying information related to the consumer's application before providing the loan estimate.Please don't hesitate to contact me with any questions about this issue. I understand that it may seem a little confusing or overwhelming. I would be happy to clear up any misconceptions that you may have!

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Looking to buy a Roseville home? Get a full Home SearchSelling your Roseville home? Get a free Home Price EvaluationToday I have Marc Brinitzer with me, and he's going to explain some important changes that the real estate market will be experiencing this year.On October 3rd of this year, the real estate market saw some big changes. Why is this?It's because of changes coming to the TILA-RESPA Integrated Disclosure (TRID), and they will affect everyone involved in real estate, from consumers to Realtors to lenders. The Consumer Financial Protection Bureau (CFPB) issued a final rule amending regulations in the Truth in Lending Act as well as the Real Estate Settlement Procedures Act.So, what does this mean for you? The TILA-RESPA rule consolidates four disclosures for closed and credit transactions secured by real estate property into two different forms.One of these forms is a loan estimate that must be delivered or placed in the mail no later than the 3rd business day after receiving the consumer's application. A closing disclosure must be provided to the consumer at least three business days prior to consummation.These new disclosures must be provided by a creditor or mortgage banker that receives an application from a consumer for a closed end credit transaction. However, creditors will still be required to use the current Good Faith Estimate, HUD 1 and Truth in Lending forms for applications received prior to August 1, 2015. After that date, these forms will no longer be used.The TILA-RESPA rule includes some new restrictions on certain activity prior to consumers receiving the loan estimate. These restrictions took effect on August 1, 2015, regardless of whether an application was received on that date. These restrictions include imposing fees on a consumer before the consumer has received the loan estimate, or requiring submission of documents verifying information related to the consumer's application before providing the loan estimate.Please don't hesitate to contact us with any questions about this issue. We understand that it may seem a little confusing or overwhelming. We would be happy to clear up any misconceptions that you may have!

A case in which the Court held that Section 8(b) of the Real Estate Settlement Procedures Act prohibits a real estate service provider from charging an unearned fee if the fee is divided between two or more parties.