Final answer:
Section 8 of RESPA allows for the payment of fees in certain situations, including for services performed, goods provided, and cooperative agreements.
Step-by-step explanation:
Section 8 of RESPA, The Real Estate Settlement Procedures Act, prohibits the payment of any fee or kickback in exchange for the referral of settlement service business. However, there are some permissible situations for the payment of fees under Section 8. These include:
- The payment of fees for services actually performed. For example, if a settlement service provider performs a specific service for which a fee is charged, it is permissible to pay that fee.
- Payment for goods or facilities actually furnished or for services actually performed.
- Payments pursuant to cooperative brokerage and referral arrangements or agreements between settlement service providers.