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an a mortgage broker be compensated for referring business to a lender that is unrelated to a real estate transaction, such as automobile loans?

April 26, 2017automobile Business Compensated Lender Loans mortgage broker Real Estate referring transaction unrelated

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an a mortgage broker be compensated for referring business to a lender that is unrelated to a real estate transaction, such as automobile loans?

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Yes, provided that the compensation is exclusively related to the automobile loan and does not represent, in whole or in part, compensation for the referral of real estate business, and no lien is placed on a residence to secure the auto loan.