This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Ralph Watkins is a real estate attorney who owns 10 of United Escrow. Ralph refers all of his real ... (Read 113 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 24, 2018
Ralph Watkins is a real estate attorney who owns 10 of United Escrow. Ralph refers all of his real estate clients to United for their closings. Which of the following statements is correct?
 A)Ralph has violated RESPA because there is a kickback.
 B)Ralph is not subject to RESPA because he is an attorney, not a real estate broker.
 C)Ralph can make the referral, but must disclose his ownership interest in United.
 D)None of the above

Question 2

Adam Riverton owns property in Texas. He has set up eight water tanks around his 40-acre ranch in order to capture rainwater for use in watering his horses and other animals. Which of the following statements is correct?
 A) Under Texas law, he is not permitted to capture rainwater.
 B) Under Texas law, he can capture rainwater if he has a permit.
 C) Under Texas law, he can capture the rainwater, but loses title if it escapes into the ground.
 D) None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

C


swpotter12

  • Member
  • Posts: 527
Reply 2 on: Jun 24, 2018
:D TYSM

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Obesity Rates in United States Obesity Rates in United States
Execution in the United States Execution in the United States
Countries of Origin of Unauthorized Immigrants to the United States Countries of Origin of Unauthorized Immigrants to the United States
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Number line (real numbers) Number line (real numbers)
Video: Wound Repair Animation

For a complete list of videos, visit our video library