Finance
RESPA
A concise definition for the California Real Estate Exam study guide.
Definition
Real Estate Settlement Procedures Act. Governs settlement services for federally related mortgage loans. Prohibits kickbacks and unearned fee splits for referrals of covered services.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 5: Finance, Mortgages & Loan Types →