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[+] Lake Placid Automobilist 1909 - Leigh Attridge/MA (4 replies)
6/21/2011 5:56:46 PM (3969 views)

[+] The Next Phase of American Healthcare - Kevin Ahern/CT (12 replies)
6/21/2011 3:52:43 PM (3956 views)

Politically Tied Lawyers Win Jobs Handling Foreclosures in City - Leigh Attridge/MA
6/21/2011 7:25:21 AM (3297 views)

Florida Bar files complaint agains Stern - CHARLENE  PERRY/MD
6/20/2011 2:22:45 PM (3329 views)

[+] FOX & SPADER a/k/a FS ENTERPRISES a/k/a RISK MANAGEMENT SOLUTIONS - Paul /FL (2 replies)
6/20/2011 1:22:14 PM (3989 views)




Foreclosure Backlog Up to 62 Years on 213K Houses in NY - Leigh Attridge/MA
6/19/2011 8:58:19 AM (3583 views)

New SOT Feature-- Uploading Documents and Images - Slade Smith/OH
6/19/2011 2:54:01 AM (2480 views)

[+] anybody hear from New Millenium title? - Susan Raynard/MA (6 replies)
6/18/2011 9:29:04 AM (4055 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 (3102 views)

[+] ESS Solutions - Cherie /CA (3 replies)
6/17/2011 11:48:59 AM (3577 views)

[-] I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD (9 replies)
6/16/2011 1:47:07 PM (5215 views)
Re: I am considering a "Work Share Agreement" - Carrin/TX
6/16/2011 9:33:51 PM (4101 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/17/2011 3:33:42 PM (3962 views)
Re: I am considering a "Work Share Agreement" - Patrick Scott/IL
6/17/2011 3:58:27 PM (4152 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 (3816 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/29/2011 8:47:13 PM (3606 views)
Re: I am considering a "Work Share Agreement" - Jack Straw/KS
7/5/2011 1:41:29 PM (4321 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
7/20/2011 1:38:20 PM (3479 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris/NC
7/20/2011 1:04:22 PM (4873 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris
7/20/2011 12:36:40 PM (5866 views)

[+] E&OInsurance - WAYNE QUICK/NC (2 replies)
6/16/2011 9:26:14 AM (3194 views)

Holding On has Benefits & Then Some - Leigh Attridge/MA
6/13/2011 5:03:48 PM (3507 views)

NW Title Agency - Cindy Orloff - Jason Knowles/AL
6/13/2011 3:01:52 PM (3078 views)

[+] ACME Abstract - Florida - Jason Knowles/AL (4 replies)
6/10/2011 4:43:21 PM (3283 views)


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