Does RESPA Apply to Commercial Loans: A Simplified Guide
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Based on the information available in California real estate agency law and standard transactional documents, it would be considered illegal and a violation of both real estate and lending regulations for a lender to require a buyer to use them as the real estate agent in order to obtain a loan. Here’s why: * California real estate law explicitly separates the roles and fiduciary duties of real estate agents/brokers and mortgage lenders. A real estate agent or broker owes the buyer a fiduciary d
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🏡Having a solid grasp of RESPA and its implications can set you apart as a trusted partner for your clients.🏡 Learn more: https://l.www.enduro.mortgage/04Fayc #respa #agent #agentlife #realtor
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