Four title firms settle kickback charges in D.C. But they're not RESPA violations
Briefly

from www.housingwire.com6 months ago
The four title insurance firms, including Allied Title & Escrow and KVS Title, have agreed to settle for nearly $3.3 million, amid claims of kickbacks with real estate agents.
www.housingwire.comhttps://www.housingwire.com/articles/four-title-firms-settle-kickback-charges-in-d-c-but-theyre-not-respa-violations/
D.C. Attorney General Brian Schwalb stated that the companies offered real estate agents discounted ownership interests and profit-sharing in exchange for lucrative business referrals, violating local law.
www.housingwire.comhttps://www.housingwire.com/articles/four-title-firms-settle-kickback-charges-in-d-c-but-theyre-not-respa-violations/
Investigation revealed that the companies provided exclusive investment opportunities to real estate agents as incentives for referrals, thus breaching Section 31-5031.15 of D.C. code.
www.housingwire.comhttps://www.housingwire.com/articles/four-title-firms-settle-kickback-charges-in-d-c-but-theyre-not-respa-violations/
Despite settling, the four title firms denied any wrongdoing, highlighting the common practice of complex arrangements between title companies and real estate professionals.
www.housingwire.comhttps://www.housingwire.com/articles/four-title-firms-settle-kickback-charges-in-d-c-but-theyre-not-respa-violations/
Read at www.housingwire.com
#title-insurance #kickbacks #real-estate #settlement #washington-dc
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