Investigators revealed that marketing representatives Jonathan Golden and Joshua Meador engaged in illegal inducement practices by offering incentives to real estate agents, leading to a settlement with California Best Title. Golden provided free photography services while Meador offered marketing advice to secure referrals. Under California law, such actions violate regulations since agents often make title company choices for consumers. Accordingly, both representatives faced penalties—Golden admitting violations and forfeiting his license, while Meador incurred fines despite denying allegations. The settlement mandates employee training on compliance with inducement laws.
State investigators discovered that Jonathan Golden and Joshua Meador incentivized real estate agents to push business to their title company, breaching California inducement laws.
California Title Company was penalized for illegal inducement practices, implementing employee training while Golden admits violations and surrenders his title marketing certificate.
Real estate agents typically choose title companies for clients, leading to scrutiny of practices where companies offer incentives, which are outlawed by California law.
Meador denies wrongdoing but faces financial penalties; the case highlights the challenges in ensuring compliance in real estate transactions regarding title company selections.
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