Settlement reached over alleged home warranty kickbacks to brokers | Inman News

Settlement reached over alleged home warranty kickbacks to brokers | Inman News

American Home Shield Corp. has agreed to pay up to $26 million to settle allegations that the company paid illegal kickbacks to real estate brokers and agents to market the company's home warranties.

The company denied that the payments it made to real estate brokers who marketed its products violated the Real Estate Settlement Procedures Act (RESPA), and put a positive spin on the settlement, saying it "confirmed the compliancy of the company's new broker compensation practices," called ProConnect, with RESPA.

About 500,000 homebuyers and sellers ...

Read the whole article: Settlement reached over alleged home warranty kickbacks to brokers | Inman News.

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