Which regulation prohibits kickbacks and referral fees in real estate transactions?

The regulation that prohibits kickbacks and referral fees in real estate transactions is RESPA Section 8. The Real Estate Settlement Procedures Act (RESPA) aims to protect consumers by ensuring they receive clear disclosures about the costs associated with real estate transactions. Specifically, Section 8 of RESPA prohibits any payment or receipt of a fee or kickback for the referral of settlement service business, which includes services related to real estate transactions. This regulation is designed to eliminate practices that can lead to increased costs for consumers and to promote transparency and fairness in the market.

The other options address different aspects of housing and lending practices. The Equal Credit Opportunity Act (ECOA) ensures that all consumers are given equal access to credit without discrimination. The Fair Housing Act focuses on preventing discrimination in housing based on race, color, national origin, religion, sex, familial status, or disability. The Dodd-Frank Act implements broader financial reform and consumer protection measures but does not specifically target kickbacks and referral fees in real estate transactions like RESPA Section 8 does.