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Re: Ethics and engineers
And of course, we as TREC licensed inspectors would be in violation of TREC ethics rules if we were to accept that referral fee!
I am not a lawyer but it is my opinion that Mr. Page may be in violation of the federal Real Estate Settlement Procedures Act (RESPA) regarding referral fees. Home inspectors and engineers are considered to be Settlement Service Providers when providing services for buyers and sellers of real property. If Mr. Page is passing all or part of that referral fee on to the client, then he is running up the cost of settlement services to the home buying public.
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