K&L Gates Webinar: HUD Interpretive Rule - Are Marketing Agreements Under Siege?
K&L Gates Webinar: HUD Interpretive Rule – Are Marketing Agreements Under Siege?
Date/Time: Tuesday, September 14, 2010 at 2:00 p.m. EDT
Location: Attend via Webinar. Login directions will be distributed via email the day before the event.
RSVP: Click here to register online. Registration closes at 5:00 p.m. EDT on September 10.
As Section 8 of the Real Estate Settlement Procedures Act ("RESPA") provides an exemption for payments made by one person to another person for actual, necessary, and distinct services, mortgage lenders, homebuilders, real estate brokers, title insurance companies, and other settlement service providers have maintained marketing agreements for decades without much guidance from the U.S. Department of Housing and Urban Development ("HUD"). That all changed on June 25, 2010 when HUD issued a RESPA interpretive rule regarding the permissibility of marketing agreements between home warranty companies and real estate brokers and agents. Although the interpretive rule provided RESPA guidance in the limited circumstance of per-transaction home warranty marketing agreements, HUD's interpretation has caused settlement service providers generally to question the RESPA compliance of flat fee marketing and service agreements, as well as the permissible types of marketing services performed under these agreements.
Join us on Tuesday, September 14, 2010 from 2:00 p.m. until 3:15 p.m. Eastern Daylight Time for a webinar to learn more about HUD's interpretive rule and the effects this interpretation could have on your existing marketing agreements. Time for questions and answers will follow the webinar presentation.
Speakers Include:
- Phillip L. Schulman, Partner, Washington, D.C.
- Holly Spencer Bunting, Associate, Washington, D.C.
