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Can a lender set up a contest for real estate licensees where the one who provides the lender with the most business wins a trip to Hawaii ?

April 26, 2017Business contest Hawaii Lender licensees provides Real Estate trip Wins

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Can a lender set up a contest for real estate licensees where the one who provides the lender with the most business wins a trip to Hawaii ?

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No. Under RESPA, the trip itself, and even the opportunity to win the trip, would be a thing of value given in exchange for the referral of business.