Marketing Service Agreements may be a popular way to establish relationships in the settlement services industry, but as evidenced by the CFPB’s recent consent order targeting a Michigan title agency’s MSAs, regulators are taking a closer look at their impact on the marketplace. At the Real Estate Services Providers Council Inc.’s recent regulatory seminar, a panel of industry experts discussed the industry and regulatory landscape and offered best practices for structuring the relationship, engaging marketers in compliance activities, valuing services, verifying service performance, managing relationships and mitigating risk. Read on for the details of their presentation — a must-have for anyone currently engaged in MSAs or considering entering into them.
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