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Foreclosure Backlog Up to 62 Years on 213K Houses in NY - Leigh Attridge/MA
6/19/2011 8:58:19 AM (3470 views)

New SOT Feature-- Uploading Documents and Images - Slade Smith/OH
6/19/2011 2:54:01 AM (2398 views)

[+] anybody hear from New Millenium title? - Susan Raynard/MA (6 replies)
6/18/2011 9:29:04 AM (3950 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 (2970 views)

[+] ESS Solutions - Cherie /CA (3 replies)
6/17/2011 11:48:59 AM (3467 views)


Real Title Services


[-] I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD (9 replies)
6/16/2011 1:47:07 PM (5085 views)
Re: I am considering a "Work Share Agreement" - Carrin/TX
6/16/2011 9:33:51 PM (3777 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/17/2011 3:33:42 PM (3638 views)
Re: I am considering a "Work Share Agreement" - Patrick Scott/IL
6/17/2011 3:58:27 PM (3835 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 (3447 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/29/2011 8:47:13 PM (3307 views)
Re: I am considering a "Work Share Agreement" - Jack Straw/KS
7/5/2011 1:41:29 PM (4004 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
7/20/2011 1:38:20 PM (3140 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris/NC
7/20/2011 1:04:22 PM (4541 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris
7/20/2011 12:36:40 PM (5536 views)

[+] E&OInsurance - WAYNE QUICK/NC (2 replies)
6/16/2011 9:26:14 AM (3096 views)

Holding On has Benefits & Then Some - Leigh Attridge/MA
6/13/2011 5:03:48 PM (3419 views)

NW Title Agency - Cindy Orloff - Jason Knowles/AL
6/13/2011 3:01:52 PM (2994 views)

[+] ACME Abstract - Florida - Jason Knowles/AL (4 replies)
6/10/2011 4:43:21 PM (3169 views)

[+] Altisource - Cherie Smurthwaite/CA (9 replies)
6/9/2011 6:08:58 PM (4127 views)

[+] Analyst Says Palin Might Have a Deed Problem - Leigh Attridge/MA (2 replies)
6/9/2011 3:02:16 PM (3438 views)

[+] Adding client to insurance policy as Cert. Holder - Kym/NJ (15 replies)
6/9/2011 11:42:07 AM (3049 views)

Banks Say No? Hedge Funds Fill a Void In Lending - Leigh Attridge/MA
6/9/2011 8:54:49 AM (3091 views)

[+] "Selling" SOT at NS3 - CHARLENE  PERRY/MD (2 replies)
6/8/2011 8:10:35 PM (2998 views)


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