I am of the opinion that giving property reports away for free is a violation of RESPA and at least three state laws, Pennsylvania, Colorado and Washington.
ALTA doesn't think that's a RESPA problem, at least according to their outside counsel. Kurt says "Just to let you know, I had our outside counsel run this through a RESPA scrub and he does not believe it to be a violation."
Okay, well that leads me to ask when will ALTA take a leadership position and stop supporting systems that give our work product away for free.
There is no reason to give away title insurance commitments and property reports for free unless you expect to get referrals.
EVERYBODY KNOWS HOW IT GOES.....so if EVERYBODY knows.......
No comments:
Post a Comment