<u>Section 8</u> of the Real Estate Settlement Procedures Act prohibits an escrow agent from compensating any individual for referring customers or accounts
Explanation:
<u>Section 8</u> of <u>Real Estate Settlement Procedures Act</u> prohibits a escrow agent from compensating any individual for referring customers or for any such services performed.The other terms used for this are <u>kickbacks, fee-splitting and unearned fees.
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<u>As per HUD a person who violates the section 8 of Real Estate Settlement Procedures Act can face imprisonment of 1 year and a fine of $ 10000</u>
Answer:
b. The injured party must have reasonably relied upon the misrepresentation.
Explanation:
Fraudulent misrepresentation may be defined as a false statement to induce someone to enter into a contract. A injured party that has already relied for this it already constituides de fraudulent misrepresentation and can be used as prove.
Answer:
When courts exercise the power to stop actions of government until the relevant government policies and activities can be examined at trial, this is known as injunctive power.
Explanation:
An injunction is a decision of a court or authority that often means that the person to whom the decision applies must do something. The injunction may also mean that the person to whom the decision applies must refrain from doing anything. An injunction can be combined with a fine, which means that anyone who does not follow the injunction can be forced to pay a sum of money.
With respect to the acts of the government, injunction measures taken by the courts represent a stop on administrative activity in order to control the legality and origin of the actions that are being carried out.
