09/2/25

Compliance is nothing to fear. We know we work with some of the most caring and professional partners in our markets, but it’s equally important that your clients and potential clients understand your commitment to them. That’s why we’re talking about RESPA.

Here’s what to know about RESPA 

RESPA is short for the Real Estate Settlement Procedures Act, and these rules have been in place since 1975. RESPA is designed to give buyers and sellers more transparency in the transaction, and we’re all for that. While we love our partners – and their referrals – these rules also prohibit “kickbacks” or any of us in real estate paying for referrals and other business. Anyone our teams recommend – or the people who recommend us – are doing so based on previous work and reputation. These are the key rules and provisions governed by RESPA:

• Anti-Kickback Provisions (Section 8)
• Escrow Account Limits
• Disclosures of Settlement Costs
• Prohibition of Settlement Costs

These rules (combined with local regulations) govern how we are able to market ourselves, both to our partners and the general public. These are not only requirements, but also good business practice. After all, all of us involved in your closing want to make sure you know everything there is to know before you go into your Closing Day!