Real Estate Settlement Procedures Act: Disclosures
The Real Estate Settlement Procedures Act, or RESPA, is a federal act passed in 1974 which covers residential properties of 1-4 units. Before RESPA, real estate professionals and closing service providers were charging customers unnecessary fees to close on their homes. In this course, we'll discuss what RESPA is and the disclosures it requires.
- 9 minutes
- Format: Video