Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Four title insurance firms have agreed to pay nearly $3.3 million to settle civil claims that they’ve engaged in kickbacks with real estate agents through joint ventures in the Washington, D.C. area, according to the Attorney General for the District of Columbia
Four title insurance companies will pay DC more than $3 million in settlement: https://t.co/lyAWnzQfbq https://t.co/SAkjQawvZa
DC attorney general uncovers illegal kickback scheme violating homebuyer rights https://t.co/9MVF86R3EN
Four title insurance companies have agreed to pay a combined $3.3 million in penalties to settle allegations of an illegal kickback scheme in Washington, D.C., according to the Office of the Attorney General. The companies were accused of offering illegal payouts to real estate agents to steer clients to their services. Despite the settlement, all four companies deny any wrongdoing. The scheme was uncovered by D.C. Attorney General Brian Schwalb, who emphasized that the kickbacks violated homebuyer rights. The companies involved will dismantle their kickback operations as part of the settlement agreement.
