The Real Estate Settlement Procedures Act (RESPA) provides that
a. purchasers must review settlement statements two days prior to closing.
b. realty ads must include all financing information if a trigger term is advertised.
c. the borrower must be given an estimate of the settlement costs within three
business days of loan application.
d. no referral fees are allowed to be paid in connection with the transaction, and real
estate agents are no exception to this restriction.
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Home » Business » The Real Estate Settlement Procedures Act (RESPA) provides that a. purchasers must review settlement statements two days prior to closing. b. realty ads must include all financing information if a trigger term is advertised. c.