You’ve got a new listing! Or, maybe you’re starting to help a buyer begin a search. The Real Estate Settlement Procedures Act (RESPA) says now is the time to offer full disclosure about our relationship with affiliated companies that refer to each other and provide needed services such as title and mortgage.
According to RESPA, you must provide clients with a written Affiliated Business Disclosure when you sign the listing agreement or start the buyer relationship. To make sure you’re fully informed about what’s required, review the details of RESPA’s Affiliated Business Disclosure.