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[+] anybody hear from New Millenium title? - Susan Raynard/MA (6 replies)
6/18/2011 9:29:04 AM (3934 views)

[+] Comment on "LPS Hires Former Deputy Attorney General of Florida as VP ov Govt. Affairs" - Source of Title/OH (1 reply)
6/17/2011 9:34:15 PM (2949 views)

[+] ESS Solutions - Cherie /CA (3 replies)
6/17/2011 11:48:59 AM (3430 views)

[-] I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD (9 replies)
6/16/2011 1:47:07 PM (5059 views)
Re: I am considering a "Work Share Agreement" - Carrin/TX
6/16/2011 9:33:51 PM (3706 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/17/2011 3:33:42 PM (3556 views)
Re: I am considering a "Work Share Agreement" - Patrick Scott/IL
6/17/2011 3:58:27 PM (3758 views)

I have looked into a similar arrangement, by which a  set referral fee would be charged for referring the order to the agent in the state where the property lies.  I went as far as to read the terms and conditions on the website (I think it was run out of Michigan) and their disclaimer, and quickly decided to decline.  Besides that, there seemed to be only a very few member agents at the time.

I'm no lawyer, but it seems to me that, by taking a referral fee and not performing any core title services, you might be running afoul of RESPA, Sec. 8(a)(b).  I guess it depends on how your state, and the state where the transaction occurs, interpret the RESPA Sec. 8.

It seems pretty clearly a precarious arrangement to me, just based on what I've read over the years.  If there is a convincing argument to the contrary, I'm interested to hear it.

 

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Re: I am considering a "Work Share Agreement" - Janet Angi/MI
6/22/2011 10:51:12 AM (3365 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/29/2011 8:47:13 PM (3234 views)
Re: I am considering a "Work Share Agreement" - Jack Straw/KS
7/5/2011 1:41:29 PM (3933 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
7/20/2011 1:38:20 PM (3061 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris/NC
7/20/2011 1:04:22 PM (4454 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris
7/20/2011 12:36:40 PM (5454 views)

[+] E&OInsurance - WAYNE QUICK/NC (2 replies)
6/16/2011 9:26:14 AM (3077 views)


Real Title Services


Holding On has Benefits & Then Some - Leigh Attridge/MA
6/13/2011 5:03:48 PM (3393 views)

NW Title Agency - Cindy Orloff - Jason Knowles/AL
6/13/2011 3:01:52 PM (2978 views)

[+] ACME Abstract - Florida - Jason Knowles/AL (4 replies)
6/10/2011 4:43:21 PM (3142 views)

[+] Altisource - Cherie Smurthwaite/CA (9 replies)
6/9/2011 6:08:58 PM (4109 views)

[+] Analyst Says Palin Might Have a Deed Problem - Leigh Attridge/MA (2 replies)
6/9/2011 3:02:16 PM (3406 views)

[+] Adding client to insurance policy as Cert. Holder - Kym/NJ (15 replies)
6/9/2011 11:42:07 AM (3029 views)

Banks Say No? Hedge Funds Fill a Void In Lending - Leigh Attridge/MA
6/9/2011 8:54:49 AM (3068 views)

[+] "Selling" SOT at NS3 - CHARLENE  PERRY/MD (2 replies)
6/8/2011 8:10:35 PM (2972 views)

Why won't they talk to me? - Paula Reynolds/FL
6/8/2011 3:29:46 PM (2478 views)

[+] If you owe money ... - Dan Zook/NY (3 replies)
6/8/2011 10:42:51 AM (2962 views)


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