Which of the following scenarios would violate Section 8 of RESPA and its prohibition against unearned fees?
a. A broker accepts a loan origination fee
b. A broker charges $50 for obtaining a $50 credit report
c. An attorney accepts payment for performing a title search
d. A title company pays a mortgage broker $100 per client for referral of settlement business
Ans: d. A title company pays a mortgage broker $100 per client for referral of settlement business
Business
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Convention centers are usually built with a combination of city and state funds
a. true b. false
Business
Which theory helps to explain why new products must offer benefits to customers that are significantly greater than those offered by existing alternatives?
a. ethnography b. penetration pricing theory c. prospect theory d. sampling frame theory
Business