Industry News

HUD sues Property I.D., brokers over kickbacks

Defendants claim hazard disclosure reports not covered under RESPA
Published on May 25, 2007

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by CareyBot

A California company that produces natural hazard disclosure reports — and the real estate brokers it shared profits with — broke the law by creating sham companies to funnel illegal kickbacks, a lawsuit by federal regulators alleges. The company, Property ...