How does RESPA protect home buyers and sellers?

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Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Here's a great link for you, Kennith.

Mar 30, 2019 10:27 PM

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Dan & Laurie Pittsenba...

Bellingham, WA
Anthony Acosta - ALLAT...

Atlanta, GA
Richard Weeks

Dallas, TX
Carol Williams

Wenatchee, WA

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Evelina Tsigelnitskaya

SIB Realty - Sunny Isles Beach, FL

Great answers.

Jun 18, 2019 04:06 PM

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Evelina Tsigelnitskaya

Sunny Isles Beach, FL
Valeria Mola

Sunny Isles Beach, FL

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Valeria Mola

SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL

305-607-0709 SIB Realty Condos for Sale and Rent

No idea.

Jun 18, 2019 03:43 PM

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Evelina Tsigelnitskaya

Sunny Isles Beach, FL
Valeria Mola

Sunny Isles Beach, FL

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Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

Looks like Debe Maxwell, CRS has your answer.

Mar 31, 2019 07:20 AM

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Anthony Acosta - ALLAT...

Atlanta, GA

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Richard Weeks

Dallas, TX

REALTOR®, Broker

It protects home buyers by eliminating kickbacks and referral fees that are totally unnecessary, which in turn increases the final cost of purchasing a hone.

Mar 31, 2019 04:56 AM

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Debe Maxwell, CRS

Charlotte, NC

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Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

The two primary purposes are
1) to require complete disclosures of settlement (buying and/or selling) costs and...
2) to eliminate unfair business practices by service providers involved in the transaction.

Mar 31, 2019 04:55 AM

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Debe Maxwell, CRS

Charlotte, NC

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

I suggest you ask a mortgage lender.

Mar 31, 2019 04:55 AM

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Richard Weeks

Dallas, TX

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Even playing field.

Mar 30, 2019 07:01 PM

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Debe Maxwell, CRS

Charlotte, NC

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Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

It is supposed to.

Apr 17, 2019 09:52 AM

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Wanda Kubat-Nerdin - Wanda Can!

Red Rock Real Estate (435) 632-9374 - St. George, UT

St. George Utah Area Residential Sales Agent

You can access Google or other search engines to figure it out for you! Happy research...

Mar 31, 2019 03:41 PM

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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

In my experience as a home buyer, RESPA has not benefited me one bit. As a matter of fact, it's been a pain in the ass with all it's built-in delays. I have not seen any benefit to home sellers either. I do know who benefits, but that's not for this discussion.

Mar 31, 2019 11:17 AM

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Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

I wish you all the best with your real estate studies.

Mar 31, 2019 11:16 AM

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Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Good answers.

Mar 31, 2019 08:28 AM

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Bob "RealMan" Timm

Ward County Notary Services - Minot, ND

Owner of Ward Co Notary Services retired RE Broker

I like Richard Weeks answer.

Mar 31, 2019 08:03 AM

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John Juarez

The Medford Real Estate Team - Fremont, CA

ePRO, SRES, GRI, PMN

RESPA forces information to be disclosed to buyers and borrowers that they would not other wise receive.

Mar 31, 2019 07:55 AM

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Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

Time to look them up and talk to an title company officer.

Mar 31, 2019 07:27 AM

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Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Doesnt enter-into my world of business

Mar 31, 2019 07:12 AM

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Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Talk to lender and read Debe Maxwell, CRS link! A

Mar 31, 2019 06:38 AM

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Roy Kelley

Retired - Gaithersburg, MD

Disclosure.

Mar 31, 2019 06:27 AM

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Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

it looks like you have your answers here....

Mar 31, 2019 06:18 AM

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Michael J. Perry

KW Elite - Lancaster, PA

Lancaster, PA Relo Specialist

Is your Instructor covering this in class ???

Mar 31, 2019 06:07 AM

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Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Real estate agents, lenders and title companies that follow the rules protect the public.

Mar 31, 2019 05:10 AM

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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

CEO of Vision Drive Realty - Coastal San Diego

It doesn't.

REALTORS do... that follow RESPA rules.

Mar 30, 2019 11:43 PM

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It protects home buyers by eliminating kickbacks and referral fees that are totally unnecessary, which in turn increases the final cost of purchasing a hone.
The two primary purposes are
1) to require complete disclosures of settlement (buying and/or selling) costs and...
2) to eliminate unfair business practices by service providers involved in the transaction.
You can access Google or other search engines to figure it out for you! Happy research...
In my experience as a home buyer, RESPA has not benefited me one bit. As a matter of fact, it's been a pain in the ass with all it's built-in delays. I have not seen any benefit to home sellers either. I do know who benefits, but that's not for this discussion.
RESPA forces information to be disclosed to buyers and borrowers that they would not other wise receive.
Real estate agents, lenders and title companies that follow the rules protect the public.