With the renewed popularity in marketing services agreements and other strategic alliances between real estate service providers, October Research, LLC put together a two-part webinar series with two industry experts to shed light on whether a certain business opportunity is legal.
Mayer Brown LLC partners Phil Schulman and Holly Spencer Bunting offered insight on affiliated business arrangements in Part I of the webinar, “Strategic Alliances for Today’s Title Industry.”
The second webinar, “Marketing Activities,” took a close look at advertising agreements, desk rentals and promotional activities.
“Where we’ve seen settlement services providers get in trouble is when they take a lawful activity – the providing of a good or a service – and then tack on something that’s unlawful,” Schulman told attendees.
Bunting added that once you do the RESPA analysis, you can’t stop there.
“You also have to do a state law analysis,” she said. “Particularly in the title industry, where statutes, regulations and other guidance from regulators is very specific about the kinds of marketing or other related activities that title entities can engage in.”
The speakers also offered new real-life scenarios that title companies and their partners face in creating these business entities.
To order a recording of Part I or Part II of “Strategic Alliances for Today’s Title Industry,” visit https://www.octoberstore.com/Strategic_Alliances_Webinar_Series_p/alliances.htm
Cover Story: