This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.

In this episode you will learn:

• RESPA applies to one-to-four family residential dwellings involving federally related mortgage loans.

• Section 8 of the act strictly prohibits kickbacks or any "thing of value" exchanged for referrals.

• The Loan Estimate and Closing Disclosure both follow a strict three-business-day delivery requirement.

• Lenders are prohibited from requiring an escrow cushion greater than one-sixth of the total annual estimated disbursements.

• Affiliated Business Arrangements require written disclosure at the time of referral to prevent illegal steering.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep