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Author Question: Ralph Watkins is a real estate attorney who owns 10 of United Escrow. Ralph refers all of his real ... (Read 196 times)

swpotter12

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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


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djpooyouma

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

C


swpotter12

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Reply 2 on: Jun 24, 2018
Excellent

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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