A mortgage originator conducts a seminar teaching Realtors about a new mortgage product. During this seminar, the mortgage originator serves lunch to the attendees. Which of the following statements apply?
A. Both the mortgage originator and the Realtors violated RESPA since they are potential referral sources and the served lunch is a thing of value
B. Both the mortgage originator and the Realtors remained compliant because the purpose of the gathering was educational
C. The mortgage originator violated RESPA but the Realtors remained compliant
D. The mortgage originator remained compliant but the Realtors violated RESPA
Answer:B
A mortgage originator conducts a seminar teaching Realtors about a new mortgage product. During this seminar, the mortgage originator serves lunch to the attendees. Which of the following statements apply?
A. Both the mortgage originator and the Realtors violated RESPA since they are potential referral sources and the served lunch is a thing of value B. Both the mortgage originator and the Realtors remained compliant because the purpose of the gathering was educational C. The mortgage originator violated RESPA but the Realtors remained compliant D. The mortgage originator remained compliant but the Realtors violated RESPA