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Florida Bar files complaint agains Stern - CHARLENE  PERRY/MD
6/20/2011 2:22:45 PM (3397 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 (4100 views)

Foreclosure Backlog Up to 62 Years on 213K Houses in NY - Leigh Attridge/MA
6/19/2011 8:58:19 AM (3662 views)

New SOT Feature-- Uploading Documents and Images - Slade Smith/OH
6/19/2011 2:54:01 AM (2547 views)

[+] anybody hear from New Millenium title? - Susan Raynard/MA (6 replies)
6/18/2011 9:29:04 AM (4127 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 (3165 views)

[+] ESS Solutions - Cherie /CA (3 replies)
6/17/2011 11:48:59 AM (3646 views)

[-] I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD (9 replies)
6/16/2011 1:47:07 PM (5301 views)
Re: I am considering a "Work Share Agreement" - Carrin/TX
6/16/2011 9:33:51 PM (4382 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/17/2011 3:33:42 PM (4234 views)
Re: I am considering a "Work Share Agreement" - Patrick Scott/IL
6/17/2011 3:58:27 PM (4424 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 (4090 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
6/29/2011 8:47:13 PM (3850 views)
Re: I am considering a "Work Share Agreement" - Jack Straw/KS
7/5/2011 1:41:29 PM (4565 views)
Re: I am considering a "Work Share Agreement" - CHARLENE  PERRY/MD
7/20/2011 1:38:20 PM (3725 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris/NC
7/20/2011 1:04:22 PM (5159 views)
Re: I am considering a "Work Share Agreement" - Michelle Morris
7/20/2011 12:36:40 PM (6162 views)

[+] E&OInsurance - WAYNE QUICK/NC (2 replies)
6/16/2011 9:26:14 AM (3258 views)

Holding On has Benefits & Then Some - Leigh Attridge/MA
6/13/2011 5:03:48 PM (3602 views)

NW Title Agency - Cindy Orloff - Jason Knowles/AL
6/13/2011 3:01:52 PM (3150 views)

[+] ACME Abstract - Florida - Jason Knowles/AL (4 replies)
6/10/2011 4:43:21 PM (3368 views)

[+] Altisource - Cherie Smurthwaite/CA (9 replies)
6/9/2011 6:08:58 PM (4301 views)

[+] Analyst Says Palin Might Have a Deed Problem - Leigh Attridge/MA (2 replies)
6/9/2011 3:02:16 PM (3661 views)

[+] Adding client to insurance policy as Cert. Holder - Kym/NJ (15 replies)
6/9/2011 11:42:07 AM (3208 views)


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