Controlled Business Arrangements: As defined under the Real Estate Settlement Procedures Act (RESPA), an arrangement or combination in which an individual or a firm has more than a 1 percent interest in a company to which the individual or firm regularly refers business. Such arrangement is permitted provided that written disclosure of the affiliation is made, an estimated charge for the service is provided, consumers are free to obtain the services elsewhere, and referral fees are not exchanged among the affiliated companies.

 

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