While fee splitting between cooperating real estate brokers is permitted, RESPA explicitly prohibits such actions as rebating part of the title insurance premium to the lender who recommended or required the title insurance. These unearned fees are commonly referred to as

A kickback is a form of arranged/agreed bribery in which a commission is paid to the bribe-taker in exchange for services rendered. In most cases, the remuneration is negotiated ahead of time.

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stanfordgoddy stanfordgoddy · Answer 2 · 2020-04-10T05:10:45+02:00

Incomplete question: Here is the remaining part of the question;

These unearned fees are commonly referred to as:

A. commissions

B. kickbacks

C. damages

D. specific performance dues

Answer:

B

Explanation:

Noteworthy is the fact that the Real Estate Settlement Procedures Act (RESPA) instituted by the US lawmakers strictly prohibits those unearned fees which the guidelines calls Kickbacks by real estate brokers.

This practice in involves real estate brokers who rebate part of the title insurance premium to the lender who recommended or required the title insurance.