How does RESPA relate to me?
Some people may think RESPA is new, but it was actually passed in 1974 and has been amended multiple times. Most people think RESPA was a regulation to help the consumer but it was for the agent too.
Click the customer and the agent to view the benefits that they get from the RESPA.
Consumers:
- Not charged for services not provided
- Not double charged for services received
- The charge paid for services were reasonable based off of the actual service received
Agents:
- Get a level playing field in the industry.