Michael Reaburn sells homeowners' insurance policies. His father is a developer. His father refers all home buyers in his subdivisions to Michael for insurance. Michael then pays his father a commission which he includes as a cost for the escrow company to collect from the buyers at closing
A)?There is no violation of RESPA.
B)?Because the fees involve insurance and not mortgage fees, RESPA does not apply.
C)?RESPA applies only to escrow agents and mortgage brokers and lenders.
D)?The commission and referral set-up is a violation of RESPA.
D
You might also like to view...
Which of the following is a disadvantage of having a strong organizational culture?
A. high employee turnover B. decreased organizational performance C. low loyalty towards the organization D. inability to respond to changing conditions
You are the judge hearing a Motion for Summary judgment filed by an employer in the case of an employee who has been terminated. The employee was the sole African-American customer service representative at the firm, who had a lengthy record of good evaluations. However, she received more negative evaluations over a period of three years after a new supervisor was hired, and the more stringent
requirements applied to her were not applied to white employees.After 3 years, the employee was then selected for termination in a downsizing based on the previous 3 years' evaluations. Based on this evidence, what should you decide? a. you should grant summary judgment for the employer because the termination was based on performance appraisals rather than race b. you should grant summary judgment for the employer because a discrimination claim based on performance appraisals going back three years was no longer timely c. you should allow the employee to go to trial because African-Americans disproportionately received low performance ratings in this company d. you should allow the employee to go to trial because the termination was based on performance appraisals that were tainted by consideration of the employee's race e. none of the above
The construction of trade-show booths and exhibits has become a major factor in sales promotion plans.
Answer the following statement true (T) or false (F)
A stock is expected to pay $1.25 per share every year indefinitely and the equity cost of capital for the company is 8.4%. What price would an investor be expected to pay per share ten years in the future?
A) $14.88 B) $22.32 C) $29.76 D) $37.20