What every Loan Originator, Real Estate Agent, Appraiser, and Title Agent needs to know about the Real Estate Settlement Procedures Act
 
Do you know that RESPA applies to everyone - not just mortgage originators? That’s right, anyone who receives illegal compensation is subject to fines of up to $10,000 and/or one year in prison for each violation. 

The RESPA Test is based on an innovative learning system that measures both your knowledge and confidence level. This unique system can be especially helpful in identifying instances where you may not fully understand the law but have a high level of confidence in your understanding – which can be a recipe for disaster. The system can also identify instances where you have a good understanding of the law but lack confidence in your knowledge – which can mean missed opportunities.

 
 
The entire process takes four simple steps:
  1. Purchase the course and take the assessment, to determine exactly what you know and what you need to learn. The assessment is where the learning begins.
  2. Review the results of your assessment in the Results Center.
  3. Click on “Question and Answer Review”. This is your targeted learning plan that has been dynamically created just for you based on your personal assessment. Follow the links to each question. This is where the learning takes place.
  4. Retake the assessment to validate your progress and see a new set of questions.

 

By registering, you will have access to the system for sixty days during which you may take The RESPA Test as many times as you wish. Each time you take the test, you’ll see a slightly different set of questions based on general themes under RESPA. As you work through the test multiple times, you’ll have the opportunity to improve your knowledge of RESPA and have better confidence in your answers.

 
Don’t make a mistake that could cost you thousands of dollars and possibly your freedom. Take The RESPA Test and see what you really know about the Federal law that regulates most residential mortgage transactions.