RESPA is a confusing and complex piece of regulation. One area that needs to be examined is this notion of RE marketing agreements. Is it a RESPA violation for a bank (say Wells Fargo) to rent a desk in a Re/Max office for $4,000 a month?
November 10th article in Marketwatch indicates that Division of Real Estate Director, Erin Toll is getting increasing traction on cleaning up Real Estate Marketing Agreements. Go Erin!! Here's the article http://budurl.com/v2zm Regards ~ JB