Legal Question in Real Estate Law in Colorado
RESPA laws
under respa law can a mortgage company and real estate company share the same office? with the same sharing entry or have to have seperate entries?
Asked on 3/07/08, 12:26 pm
1 Answer from Attorneys
Robert Murillo
Pivotal Legal Ltd.
Re: RESPA laws
The issue under RESPA is primarily one of kickbacks for referral. So the mere sharing of a fair market-based rental may be fine, but any arrangement that is not based on fair market pricing with the actual use and need for the the property would likely constitute a kickback.
You should contact an attorney on RESPA issues because these are complex laws and the liability is considerable for any violations.
Answered on 3/07/08, 1:41 pm