In 1974, the "Real Estate Settlement Procedures Act (RESPA)" made it illegal for people to receive "kickbacks" for their real estate services.
These are questions that the above text answers:
1. What is the name of the act that made it illegal to receive kickbacks in real estate transactions?
2. When was the Real Estate Settlement Procedures Act (RESPA) enacted?
3. What does RESPA stand for?
4. What specific type of payment is prohibited under RESPA?
5. Who is prohibited from receiving kickbacks under RESPA?
6. What year did RESPA become law?
7. What is the purpose of RESPA?
8. What industry does RESPA regulate?
9. What are the consequences for individuals who violate RESPA?
10. Where can I find more information about RESPA?