Real Estate Settlement Procedures Act of 1974 (RESPA) | Real Estate Exam Prep Videos

CORRECTION: In the video I stated 1975, it should have been 1974.
In this real estate exam prep video we discuss the Real Estate Settlement Procedures Act (RESPA). This is a law that regulates lenders and real estate professionals. Key terms discussed are:

Real Estate Settlement Procedures Act (RESPA) –
Loan Estimate (LE) Disclosure –
Closing Disclosure (CD) –
Affiliated Business Arrangements –
Real Estate Service Providers –
Kickbacks –

Best of luck with your studies…

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New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.

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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

Cheers,
Paul Vojchehoske